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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.

Sub-standard office conversions’ days could be numbered

Development Finance News:- Landlords who rent minute office conversion flats with poor lighting and ventilation could land themselves in court under new legislation, claim housing experts. The Homes (Fitness for Human Habitation) Act, which went live in March 2019, allows tenants to sue landlords if the homes fail basic standards. A successful challenge would force a landlord to repair the defects and pay compensation to the tenant. Housing  experts have told The Times the act could be used to combat [...]

By |2021-11-13T10:49:43+00:00July 15, 2019|Projects, Blog, Finance News, Planning News|0 Comments
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Plans for 1,300 new homes in Ripon, North Yorkshire

Land at Claro and Deverell barracks in Ripon is to be re-developed to offer 1,300 new homes and commercial space, Homes England and the Ministry of Defence, MoD, have announced. Harrogate borough council's economy and culture director, Trevor Watson, said the authority's local plan consultation had highlighted more high-quality and affordable housing was needed in the Ripon area. "It's encouraging to see the start of this project, between the different stakeholders, start to take shape," he said. More new homes [...]

By |2021-11-13T10:44:42+00:00July 12, 2019|Finance News, Blog, Planning News, Projects|0 Comments
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Planning appeal assignments speeded up to four weeks

Refurbishment Finance News:- Planning appeals are being assigned to an inspector within four weeks compared with an average of 13 weeks last year, but house builders have warned that local councils are still overloaded. The planning inspectorate said the reduction was due to 80 new inspectors being hired in November 2018. It added it was continuing to recruit with more senior inspectors anticipated to be in post by the autumn. A new decision making model where planning officers would examine [...]

By |2021-11-13T10:44:49+00:00July 12, 2019|Projects, Blog, Finance News, Planning News|0 Comments
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New buyer interest rises for the first time in 20 months

Bridging Finance News:-Estate agents have reported a 10 per cent increase in new buyer interest for June according to the Royal Institution of Chartered Surveyors, RICS, residential market survey. Newly agreed sales net balance was +2 percent in June marking the first time in ten months where participants did not report a decline. RICS said the new instructions indicator had now edged into positive territory for the first time in a year. But warned supply was still an issue as [...]

By |2021-11-13T10:44:57+00:00July 11, 2019|Projects, Blog, Finance News, Planning News|0 Comments
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Edinburgh house price growth sluggish in June

Development Finance News:- The Scottish capital's annual house price growth slowed to 4.3 per cent in June, down from 7.6 per cent at the end of the first quarter of 2019, according to Knight Frank analysis. The estate agents said until now Edinburgh had been relatively unaffected by political uncertainty unlike other regional prime markets. Knight Frank residential research associate, Oliver Knight, said: "Whilst a slowing of price growth in the prime Edinburgh market is a sign that both buyers [...]

By |2021-11-13T10:45:14+00:00July 9, 2019|Finance News, Blog, Planning News, Projects|0 Comments
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Planning for the construction of ST. JAMES COURT Project is going on

Bridging Finance News:- The project ST. JAMES COURT, LIVERPOOL – 217 APARTMENTS & COMMERCIAL UNIT is being planned to be constructed at Greenland Street to the South, New Bird Street to the North, St James Court to the East, St James Street, Liverpool, Merseyside, L1 0AR. The council of Liverpool will be looking over this particular project. The total site area stands at 1983 sq m and there will be a total of 3 structures built on it. There will [...]

By |2021-11-13T10:45:22+00:00July 8, 2019|Projects, Blog, Finance News, Planning News|0 Comments
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Construction of TOTTENHAM HALE SITE Project has started

Development Finance News:-The project TOTTENHAM HALE SITE, ASHLEY ROAD WEST – MIXED DEVELOPMENT has already started with its construction at Strategic Development Partnership Sites, Welbourne, North Island, Ferry Island, Ashley Road East & Ashley Road West, Stat, Tottenham, London, N17 9JL. The council of Haringey is looking over the construction for this particular project. The project has started with its construction at 30th April, 2019 and is supposed to finish by the 30th September, 2019, thus the construction lasting over [...]

By |2021-11-13T10:45:28+00:00July 6, 2019|Projects, Blog, Finance News, Planning News|0 Comments
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New build starts in England down by 9 per cent

Commercial Loans News:- The number of new build homes fell for the first quarter of 2019, although completions were up on a year ago, according to government figures. The House building; new build dwellings, England: March Quarter 2019 figures estimate 36,630 homes were  built in the quarter to March 2019. This was  a 9 per cent drop on the three months to December 2018 and a 9 per cent decrease on the same period for the previous year. Starts were [...]

By |2021-11-13T10:45:37+00:00July 5, 2019|Projects, Blog, Finance News, Planning News|0 Comments
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Northern Ireland shows 5.2 per cent house price rise for June

Development Lenders News:- UK house price growth for June remained modest with a year-on-year rise of 0.5 per cent bringing the average price of a home to £216,515. The Nationwide's house price index showed a 0.1 per cent month-on-month rise for June with increases in England subdued largely due to poor performance in the South East. Nationwide's chief economist, Robert Gardner, said this was the seventh consecutive month where house price growth remained below 1 per cent. "Survey data suggests [...]

By |2021-11-13T10:46:04+00:00July 2, 2019|Uncategorized, Blog, Finance News, Planning News, Projects|0 Comments
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Foxley Lane Construction Approved

The project 1 – 9 FOXLEY LANE – 44 FLATS has been approved for construction and the construction is to happen at 1 – 9 Foxley Lane, Purley, Surrey, CR8 3EF. The council of Croydon will be looking after the construction of this particular project. The total site area equals to 1600 sq m and there will be only 1 structure that is going to be constructed on it. There will be a total of 49 units that are going [...]

By |2021-11-13T10:46:11+00:00July 2, 2019|Uncategorized, Blog, Finance News, Planning News, Projects|0 Comments
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Residents to get redress over shoddy building

Construction Loans News:- Consultation on new homes ombudsman who would have the power to demand builders pay compensation for defective properties has been launched. The housing secretary, James Brokenshire, announced the new proposals at the Chartered Institute of Housing's conference this week. "We are exploring the options to appoint a new homes ombudsman in shadow form – someone to work closely with industry, consumer groups and government to ensure improvements and standards are delivered quickly and help shape the future [...]

By |2021-11-13T10:46:17+00:00June 28, 2019|Projects, Blog, Finance News, Planning News|0 Comments
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Planning of the IMPERIAL STREET, BROMLEY–Project is currently going on

Bridging Loan News:-The project IMPERIAL 1 – 407 APARTMENTS & RETAIL SPACE is being carried ahead with its planning at Imperial Street, Bromley by Bow, Bow, and London, E3 3ED. The council of London Legacy will be undergoing supervision for the construction of this particular project. The project is supposed to start by the third quarter of 2020 and will last a period of 48 months, and is scheduled to end with its work by the third quarter of 2024. [...]

By |2021-11-13T10:46:29+00:00June 27, 2019|Projects, Blog, Finance News, Planning News|0 Comments
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