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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.

Construction industry presses for clear message about building sites

Bridging Loans News:-Clarity over which construction sites should stay open and which must close is essential, the industry has urged. Construction Industry Council, CIC, chief executive, Graham Watts, said work to make good unsafe buildings or dangerous structures should continue. “In the absence of firm advice, some construction companies are taking matters into their own hands and closing for the foreseeable future or until there is more clarity. It is currently a matter of mess and muddle,” said Mr Watts. Taylor [...]

By |2021-11-13T09:25:18+00:00March 27, 2020|Projects, Blog, Finance News, Planning News|0 Comments
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Builders’ merchants open for business again

Bridging Loans News:- Builders merchants are re-opening their doors after the government told them to stay open to support the construction industry supply chain. Howdens, Huws Gray, Jewson, Ridgeons, Selco and Travis Perkins closed their branches yesterday, March 24, following the government’s advice on Monday that people should stay at home. However, the government told them via their trade association, the Builders Merchants Federation, BMF, to continue operating. BMF chief executive, John Newcomb, said during a construction leadership taskforce meeting [...]

By |2021-11-13T09:25:28+00:00March 25, 2020|Projects, Blog, Finance News, Planning News|0 Comments
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Building firms urged to keep cashflow alive

Construction Loans News:- Keep your supply chain up and running by paying suppliers and staff, urges construction trade body, Build UK. The organisation called on construction firms to act responsibly following the chancellor, Rishi Sunak’s announcement on Friday, March 20, of a raft of business support measures. “The aim is to keep cash flowing through the whole supply chain so that businesses of all sizes can survive the current crisis,” it said. Build UK wants firms to hang on to [...]

By |2021-11-13T09:25:34+00:00March 23, 2020|Projects, Blog, Finance News, Planning News|0 Comments
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Smaller developers press chancellor for tax break

Bridging Financing News:- Small and medium-sized building firms are calling for a three-month tax holiday on VAT, pay as you earn and construction industry scheme contributions to prevent wide-spread insolvencies. The Federation of Master Builders, FMB, has written to the chancellor, Rishi Sunak, and business secretary,Alok Sharma, asking for immediate support in the wake of the coronavirus. They say three-quarters of their 7,500members have reported delayed or cancelled projects and just under two-thirds have seen a fall in enquiries. Nearly [...]

By |2021-11-13T09:25:41+00:00March 20, 2020|Projects, Blog, Finance News, Planning News|0 Comments
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Builders on red alert for site closures and lay-offs

Instant bridging finance News:-The construction industry is grappling with the challenge of supply chain disruptions, staff sickness and site closures caused by the coronavirus. The National Federation of Builders, NFB, said members had reported issues of absence due to self-isolation and this was likely to change rapidly in the next few days. NFB chief executive, Richard Beresford, said: “The government and the construction sector needs to also recognise the risk of mass absence from construction sites and the potential impact [...]

By |2021-11-13T09:25:47+00:00March 18, 2020|Projects, Blog, Finance News, Planning News|0 Comments
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Sadiq Khan forced to rethink London plan to generate more homes

Property Finance News:- Housing minister, Robert Jenrick, has taken the controversial step of telling the mayor, Sidiq Khan to overhaul the London plan to allow more houses to be built in the capital. Mr Jenrick has ordered Mr Khan to change the housing mix in favour of family-sized homes, to build more densely around stations and to bring more small sites forward. The housing minister has told the mayor he must produce an updated plan in line with national policy [...]

By |2021-11-13T09:25:56+00:00March 16, 2020|Projects, Blog, Finance News, Planning News|0 Comments
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Chancellor looks to the sky for boosting new housing

Bridging Finance News:- Building homes above train stations, shops and converting disused buildings is to become easier with the government announcing new permitted development rights from the Summer. The ministry of housing, communities and local government said developers would be able to demolish vacant commercial, industrial and residential buildings and replace them with homes. Our Bridging Finance range covers auction purchases, to private sales and all levels of refurbishment works. Bridging finance is ideal when you need funding fast, with [...]

By |2021-11-13T09:26:04+00:00March 12, 2020|Projects, Blog, Finance News, Planning News|0 Comments
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Apprenticeship boost to plug post Brexit building skills gap

Developer Financing News:- Housebuilders have launched a campaign to attract 49,000 young people in the next few years to fill the shortfall when the UK leaves the European single job market next year. The Home Builders Federation, HBF, has calculated this is the level of new recruits needed to enable the sector to hit the government target of 300,000 new homes a year. Housing minister, Christopher Pincher, has backed the campaign announcing an increase in annual apprenticeships starts to 25,000 [...]

By |2021-11-13T09:26:20+00:00March 4, 2020|Projects, Blog, Finance News, Planning News|0 Comments
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Clampdown of mis-selling of new homes with leaseholds

Bridging Loans News:- Housebuilders who mis-sell leasehold homes could find themselves in court following the worrying findings of a Competition and Markets Authority probe. The CMA found evidence of potential mis-selling and unfair contract terms in the leasehold housing sector. Developers are estimated to have sold about 778,000 hew-build long leasehold homes between 2000 to 2018 with nearly two thirds being in the North West. CMA chief executive Andrea Coscelli said: “We have found worrying evidence that people who buy [...]

By |2021-11-13T09:26:36+00:00February 28, 2020|Projects, Blog, Finance News, Planning News|0 Comments
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SME housebuilders back moves to banish poor workmanship

Bridging Loans News:- Giving house buyers compensation if their new home is badly built has received support from smaller developers. The Federation of Master Builders, FMB, said it was right the new homes ombudsman would be backed up by law. The trade body called for SME builders to be central for developing the scheme and new code of practice. FMB chief executive, Brian Berry, said: “The details of this sensible step are still to be worked out, and the SME [...]

By |2021-11-13T09:26:50+00:00February 26, 2020|Projects, Blog, Finance News, Planning News|0 Comments
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Former biscuit factory to offer more than 1,500 new London homes

Bridging Loans News:- The £500m redevelopment of Bermondsey’s former biscuit factory and campus in Southwark to offer 1,548 new homes has been approved by the Greater London Assembly, GLA. The decision overturns Southwark council’s rejection of developers Grosvenor Britain & Ireland’s scheme last year because it offered insufficient social housing. Architects KPF and Cottrell & Vermeulen’s re-worked application comprises buildings of five to 35 storeys with rooftop gardens. The GLA approved the scheme because the new application had increased the [...]

By |2021-11-13T11:00:34+00:00February 24, 2020|Blog, Finance News, Planning News, Projects|0 Comments
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Edinburgh’s biggest brownfield regeneration could realise £1.3bn

Development Loans News:- Edinburgh’s former National Grid site at Granton waterfront is set for a major regeneration with a possible 3,500 new homes built on the 120-acre area. The site is 2.5 miles north of the city centre and lies on the Firth of Forthand is home to Edinburgh’s last remaining gas holder and the former Granton railway station. A new coastal park linking Granton harbour with Gypsy Brae is planned to re-connect the city with its waterfront with the [...]

By |2021-11-13T11:00:47+00:00February 20, 2020|Projects, Blog, Finance News, Planning News|0 Comments
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