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

Building workers’ safety boosted with test access

Development Finance News:- Construction workers are relieved the government has said they are eligible for Covid-19 testing as the sector continues to re-open more building sites. Health secretary Matt Hancock said at yesterday’s press briefing that anyone who needed to leave home to work and had symptoms should be tested. “This means construction workers to emergency plumbers, research scientists to those in manufacturing – can now be tested.” Unite assistant general secretary Gail Cartmail added: “This will significantly help prevent the [...]

By |2021-11-13T09:21:41+00:00April 29, 2020|Projects, Blog, Finance News, Planning News|0 Comments
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Major housebuilders to re-open sites next week

Bridging Loans News:- One of the UK’s largest housebuilders Persimmon has said it will start to re-open sites on Monday, April 27. Yesterday Vistry Group and Taylor Wimpey’s announced they would gradually resume work at their sites under strict social distancing guidelines. Vistry, comprising Bovis and Linden Homes, will re-open a number of its housing sites from Monday onwards. Taylor Wimpey is to restart English and Welsh sites from May 4 with site management teams and sub-contractors following on May [...]

By |2021-11-13T09:21:58+00:00April 24, 2020|Projects, Blog, Finance News, Planning News|0 Comments
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Building sites need to be open longer, claims the industry

Bridging Finance News:- Trade body Build UK is negotiating with councils for building sites to be open for longer to recover time lost due to social distancing rules as a result of the Covid-19 crisis. Local planning authorities usually restrict site opening hours to reduce noise and disturbance in residential areas. However, the building industry argues longer hours would enable it to organise shifts with a lower concentration of workers on the site at any one time. They maintain this [...]

By |2021-11-13T09:22:06+00:00April 22, 2020|Projects, Blog, Finance News, Planning News|0 Comments
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Construction supply chain set to revive

Development Financing News:- Builders merchants are being urged to support the construction industry supply chain by their own trade body with the publication of new branch operating guidelines during the covid-19 restrictions. Builders Merchants Federation, BMF chief executive John Newcomb said it was important to help the sector as more building sites start to re-open. “We have worked with the industry to develop a new operating model to minimise the risk of virus transmission. The new model centres around trade [...]

By |2021-11-13T09:22:14+00:00April 20, 2020|Projects, Blog, Finance News, Planning News|0 Comments
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Virtual planning appeals could become a reality

Commercial Finance News:-Virtual site visits are being explored by the government as a way of enabling planning appeals to continue despite the lockdown. The planning inspectorate said if a case was regarded as possible to assess this way it would be contacting relevant parties to take part in forthcoming trials. “If this confirms that the proposed written representations appeal can be properly decided on the basis of digital images, a physical visit will not take place and the case will be [...]

By |2021-11-13T09:22:22+00:00April 16, 2020|Projects, Blog, Finance News, Planning News|0 Comments
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Key sites in England snapped up for major housing schemes

Bridging Finance News:-Homes England, the government’s housing development agency, has bought 19 sites worth £180m to build up to 5,000 new homes. Several of the acquisitions were completed just before the end of the financial year, with the agency re-affirming its position to back housebuilding post the Covid-19 pandemic. Homes England chief land and development officer Stephen Kinsella said: “As a master developer, it’s crucial we continue to create development opportunities and provide a pipeline of sites for housebuilders of [...]

By |2021-11-13T09:24:21+00:00April 14, 2020|Projects, Blog, Finance News, Planning News|0 Comments
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Surveyors call for stamp duty waiver to boost house sales

Bridge Finance News:- A stamp duty holiday post lockdown would help get the housing market back on its feet, according to the professional body for surveyors. The Royal Institution of Chartered Surveyors, RICS, residential market survey for March shows a sharp fall in buyer demand with a net balance of minus 74 per cent. Newly agreed sales dropped across the UK with over two-thirds of respondents reporting a fall compared with 19 per cent recording a rise in February. RICS [...]

By |2021-11-13T09:24:27+00:00April 9, 2020|Projects, Blog, Finance News, Planning News|0 Comments
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Scottish government orders building site closures

Commercial Finance News:- Construction firms north of the border have been told to shut up shop unless their work is for essential projects due to the coronavirus pandemic. Work related to supporting crucial work to deal with Covid-19 such as repurposing buildings to offer clinical care will be allowed. Economy secretary Fiona Hyslop said she recognised this was difficult for all kinds of businesses, but the government’s priority was to save lives. “To this end, all construction sites should close [...]

By |2024-06-27T03:08:24+00:00April 7, 2020|Projects, Blog, Finance News, Planning News|0 Comments
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Housebuilders call on the government to extend planning permissions

Bridging Loans News:- Extend planning approvals by a year to avoid current permissions lapsing during the pandemic crisis, urges the construction industry. The National Federation of Builders, NFB, has put six proposals forward to the government to help the housebuilding sector survive the coronavirus pandemic. These include exemption from business rates, suspending planning contribution payments and council tax on new build unoccupied or incomplete homes. NFB chief executive, Richard Beresford, said it was in constant contact with its members so [...]

By |2024-06-27T03:07:53+00:00April 6, 2020|Projects, Blog, Finance News, Planning News|0 Comments
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Government-backed loan scheme extended to all SMEs

Bridging Finance News:- All viable SME businesses will now be eligible for the coronavirus business interruption loan scheme, the chancellor Rishi Sunak has announced. The government is also going to stop banks from asking for personal guarantees from directors for loans under £250,000. Loans over this sum will need personal guarantees of 20 per cent of the amount after recovery of other business assets. Mr Sunak said: “We are making great progress on getting much-needed support out to businesses to [...]

By |2021-11-13T09:24:56+00:00April 3, 2020|Projects, Blog, Finance News, Planning News|0 Comments
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Construction industry wins business secretary praise

Development Funding News:- Business secretary, Alok Sharma, has thanked the construction industry for rising to the challenge of ensuring people have safe and healthy homes and helping the NHS. Mr Sharma wrote an open letter yesterday, March 31, praising the sector for supporting the country and the economy in its time of need. “The construction industry has answered the call to action. Whether by building temporary hospital wards, installing complex and life-saving oxygen systems, constructing the infrastructure that society needs [...]

By |2021-11-13T09:25:04+00:00April 1, 2020|Projects, Blog, Finance News, Planning News|0 Comments
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Housebuilders need to carry on, says business minister

Finance Lenders News:- Business minister, Nadhim Zahawi, has defended private sector enterprises, such as the building industry, still operating in the wake of the Covid-19 crisis. Mr Zahawi writes in The Telegraph that “we still need to build houses” and sectors such as the construction industry and online delivery retail outlets had been unfairly criticised. “We have seen some, intentionally or otherwise, wrongly interpreting the current rules, and unfairly criticising businesses that are implementing them correctly.” He described it as [...]

By |2021-11-13T09:25:12+00:00March 30, 2020|Projects, Blog, Finance News, Planning News|0 Comments
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