A mixture of our Finance news articles from the property world. This includes new developments, auction dates and changes to the UK law.

Housebuilders call for a better Scottish planning system

Developers north of the border have slammed Scotland’s poor performance over planning decisions for the six months from October last year to March 2020. The latest stats show decision times for applications of more than 50 homes rising to 37.5 weeks – two weeks longer than the previous year and more than double the 16-week statutory timescale. Decision time for smaller applications also increased from 9.1 weeks in the previous year to 9.2 weeks despite an 11.5 percent drop in [...]

By |2021-11-13T09:15:51+00:00July 22, 2020|Planning News, Blog, Business, Finance News, News, Projects|0 Comments

Trickier sites set to become more attractive to develop

Developers will be able to build homes on disused commercial and retail sites without going through the full planning process from September. The government announced new legislation to extend permitted development rights for commercial buildings to be knocked down and replaced with homes without submitting a planning application. The new rules would also allow for empty commercial and retail properties to be turned into houses and for homeowners to add two storeys to their properties to create more homes or [...]

By |2021-11-13T09:16:00+00:00July 21, 2020|Planning News, Blog, Business, Finance News, News, Projects|0 Comments

King´s Lynn set to get 600 new homes

Plans to build 600 homes close to a medieval castle on the outskirts of King´s Lynn have been given the go-ahead. Housing secretary Robert Jenrick has supported the planning inspectorate´s decision to allow the scheme at Knights Hill, between the A149 and Grimston Road. Mr. Jenrick said this was because it would help with the area´s five-year housing supply targets. He agreed with the inspector´s view that ´this was a matter of significant importance considering the 2019 housing delivery test [...]

By |2021-11-13T09:16:05+00:00July 15, 2020|Planning News, Blog, Business, Finance News, News, Projects|0 Comments

Ireland´s housebuilding set to expand

Housebuilding in Ireland is bouncing back with the purchasing managers´ index posting a buoyant 55.8 for June. The figure was a ten-month high for the sector - well above the 50 breakeven level and a sharp improvement on May´s reading of 21.4. Ulster Bank chief economist Simon Barry said: “Overall, the June index is an encouraging sign that the construction sector is now more clearly in recovery mode following the easing of restrictions which took hold during May.” The headline [...]

By |2021-11-13T09:16:12+00:00July 13, 2020|Planning News, Blog, Business, Finance News, News, Projects|0 Comments

Extend help-to-buy deadline, urge builders

Housebuilders are calling on the government to push back the deadline for help-to-buy in the wake of the Covid-19 lockdown. They said while the chancellor Rishi Sunak´s changes in stamp duty would help the market in the short-term a key stimulus to get things going would be ease of getting a loan. Redrow chief executive Matthew Pratt told Construction Index: “Despite the home building industry coming to a standstill for the best part of the last three months, the help-to-buy clock [...]

Energy efficiency vouchers get building industry´s thumbs up

Vouchers of up to £5,000 for homeowners to make their properties energy efficient will encourage more builders to go green, claim leading figures in the industry. The chancellor Rishi Sunak has announced a £2bn grant scheme, as part of a wider a £3bn plan to cut emissions, which the treasury claims could support more than 100,000 jobs. Construction trade bodies have welcomed the grants for retrofits such as insulation, double-glazing and heat pumps. They are optimistic this will encourage more [...]

By |2021-11-13T09:16:26+00:00July 7, 2020|Planning News, Blog, Business, Finance News, News, Projects|0 Comments

More time to get shovels in the ground for affordable housing

The deadline for making a start on an affordable housing scheme has been pushed back to March 2023, the government has announced. Housing secretary Robert Jenrick said the original deadline of March 2022 will be extended by 12 months to give housing associations and councils more flexibility. “Building the homes´ the country needs is central to the mission of this government as we prioritise uniting and levelling up the country,” he said. It´s estimated the building of 53,000 affordable homes [...]

By |2021-11-13T09:16:34+00:00July 6, 2020|Planning News, Blog, Business, Finance News, News, Projects|0 Comments

Lockdown fuels interest in new homes and refurbs

More than 55 per cent of respondents in a national survey said they valued their home space more than ever due to the lockdown. Two out of five said they would prioritise space for an office if they were searching for a new home, according to a poll of 2000 adults across the UK. Home Builders Federationexecutive chairman Stewart Baseley said: “Lockdown has been an extremely testing time, during which people have spent much more time than usual in their [...]

By |2021-11-13T09:16:39+00:00July 3, 2020|Planning News, Blog, Finance News, News, Projects|0 Comments

Builders can get closer onsite and food is back on the table

Builders can get closer onsite and food is back on the table Builders have the flexibility of working one-metre apart with carewhere two-metres is not viable and on-site canteens are now allowed. The latest version of the Construction Leadership Council’s site operating procedures asks construction firms to consider increasing the size or number of eating facilities. “Canteens that have been closed or offered a restricted service may now open,” said the guidelines which contain a checklist of measures. These include [...]

By |2021-11-13T09:16:44+00:00July 1, 2020|Finance News, Blog, Business, News, Planning News, Projects|0 Comments

First flatpack homes to be built in Bristol

Property Loans News:- Housing developer BoKlok has gained unanimous approval from Bristol city councillors to build 173 family homes on 5.17 ha of land along Airport Road in Knowle West. The developer, owned by Skanska and Ikea, will use modern methods of construction to build the homes off-site with the project expected to be finished by 2021. BoKlok UK managing director Graeme Culliton said: “Throughout the evolution of this project we have partnered with the local community, Bristol city council, [...]

By |2024-06-26T07:33:04+00:00June 29, 2020|Planning News, Blog, Business, Finance News, News, Projects|0 Comments

Major constructors´ output nearly back to normal

Bridging Finance News:- Productivity on construction sites is back up to 80 percent of levels before the pandemic, according to a panel of leading design and construction consultants. The latest data from the Royal Institution of Chartered Surveyors building cost information service, BCIS, shows resilience among contractors. The BCIS panel attributes this to contractors growing familiarity with government site operating procedures, longer site opening hours and fewer noise restrictions. Product Max LTV Up to 50% LTV 50.01 – 65.00% LTV [...]

By |2024-06-26T07:33:51+00:00June 26, 2020|Planning News, Blog, Finance News, Projects|0 Comments

Builders calls for LAs to speed up signing-off of planning conditions

Bridging Loan News:- Builders about to go on-site or finish up projects are facing delays as many councils are failing to sign-off planning conditions within the statutory period. The National Federation of Builders, NFB, head of housing and planning policy Rico Wojtulewicz said: “This is causing industry real problems as it means current projects are unable to start, or complete. “We are raising this with the government, who need to work with the industry and local planning authorities to solve [...]

By |2024-06-26T07:38:35+00:00June 24, 2020|Planning News, Blog, Finance News, Projects|0 Comments