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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|Blog, Finance News, Planning News, Projects|0 Comments
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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|Blog, Finance News, Planning News, Projects|0 Comments
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Plans for a £770m south London riverside development lodged

Commercial Loans News:- Plans to build 1,500 homes on Greenwich Peninsula have been submitted to Greenwich council by regeneration developer U+I. The mixed-use scheme lies on 19 acres of land to the south-west of the O2 Arena which was home to a large sweetener refinery and is one London´s last riverside sites available for regeneration. U+I chief development officer Richard Upton said: "This riverfront scheme will deliver a distinctive, green, mixed-use neighbourhood while driving growth and employment and delivering much-needed new [...]

By |2024-06-26T07:39:03+00:00June 22, 2020|Blog, Finance News, Planning News, Projects|0 Comments
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First female government chief planner appointed

Property Funding News:- Joanna Averley will be the first woman chief planner when she joins the Ministry of Housing, Communities and Local Government in September. She is replacing Steven Quartermain who stepped down at the end of March after 12 years in the role. Housing minister Chris Pincher said on Twitter: “Joanna’s experience and fresh thinking will help to ensure the planning system delivers the homes we need, now and in the future.” Ms Averley said planners had a vital [...]

By |2024-06-26T07:39:16+00:00June 17, 2020|Blog, Finance News, Planning News, Projects|0 Comments
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New £125m scheme to build 300 homes in East London takes shape

Bridging Loans News:- Regenerating three parcels of land around Lea Bridge station in East London to build 300 new homes, community facilities and working space for businesses have moved a step closer. The London Borough of Waltham Forest has chosen developers London Square Partners and One Housing to deliver the project where half the homes will be affordable. Cabinet member for economic growth and housing development, Cllr Simon Miller, said: “This proposed development will bring much needed jobs and housing for [...]

By |2024-06-26T07:45:31+00:00June 15, 2020|Blog, Finance News, Planning News, Projects|0 Comments
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Scotland extends help-to-buy as housebuilding starts again

Property Development News:- More than 2,000 Scottish households will be able to buy new-build homes with the extension of the help-to-buy scheme to March 2022, claims the government. Scottish housing minister Kevin Stewart has pledged £55m for 2021-22, in a bid to help housebuilders recover business over the coming year. The news coincides with first minister Nicola Sturgeon´s announcement yesterday of a soft start to re-opening housebuilding sites on Monday, June 15. Mr Stewart said: “A strong and growing house-building [...]

By |2024-06-26T07:45:57+00:00June 12, 2020|Blog, Finance News, Planning News, Projects|0 Comments
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Nearly all large construction company sites back at work

Bridging Finance News:-Build UK has reported 97 percent of its large contractor members have their construction and infrastructure sites operating - a four percent increase on a fortnight ago. Members with housing in their portfolios have confirmed 93 per cent of their house-building sites in England and Wales are now open. This is a 68 per cent increase on figures for last month with output rising to 78 per cent compared with 53 per cent a month ago. However, Covid-19 [...]

By |2024-06-26T07:46:48+00:00June 10, 2020|Blog, Finance News, Planning News, Projects|0 Comments
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New flats opposite Bakerloo line tube extension get the green light

One hectare of disused land next to the planned new Bakerloo tube station off the Old Kent Road has gained approval for 565 new flats in a 38-storey tower block. Southwark council has granted a resolution for the mixed-use Devonshire Square development subject to referral to the Mayor of London´s office and a three-year time-limit to start work. The hybrid plans include 200 homes for social rent as well as 43,000 sq ft of commercial space for local businesses including [...]

By |2024-06-26T07:47:06+00:00June 8, 2020|Blog, Finance News, Planning News, Projects|0 Comments
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London housing schemes win £309m in infrastructure loans

Development Lenders News:-Brent Cross, Silvertown and Barking Riverside development shave bagged £309m in Homes England infrastructure loans towards building 20,000 new houses. The funding comes from the government´s £4.5bn Home Building Fund and is aimed at accelerating the delivery of new homes for the capital. Housing minister Christopher Pincher said: “Our commitment to get Britain building is central to the mission of this government. “This investment is a real statement of intent, delivering up to 20,000 homes, thousands of jobs, [...]

By |2024-06-26T07:47:44+00:00June 5, 2020|Blog, Finance News, Planning News, Projects|0 Comments
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Push back date for reverse charge VAT, builders urge

A further one-year delay for the introduction of the controversial tax is being called for by the sector who have written to the chancellor Rishi Sunak calling for a reprieve. Reverse charge VAT was to have gone live in October last year but was pushed back to October 2020 following concerted industry lobbying.The new system means no-one in the supply chain can invoice for VAT and pass the money on later to HMRC every quarter. Only businesses contracted with an [...]

By |2024-06-26T07:47:33+00:00June 1, 2020|Blog, Finance News, Planning News, Projects|0 Comments
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Scottish housebuilders press for full return to work

Instant Bridging Loans News:- Homes for Scotland, HfS, has criticisedthe country’s first minister, Nicola Sturgeon’s lockdown route map which only allows for preparation of site works to re-open from May 28th. A possible ‘soft start’ of reduced hours on building sites could resume from Thursday if social distancing rules are followed. The trade body wants selling and buying of properties to resume and for its members to be allowed to finish off 6000 homes which are nearly complete. Chief executive [...]

By |2024-06-26T07:46:24+00:00May 22, 2020|Blog, Finance News, Planning News, Projects|0 Comments
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Home builders north of the border press government to re-open sites

Bridging Loan News:- Scotland’s strict lockdown on building sites needs to be lifted to help meet housing supply and save jobs and businesses, urges a key trade body. Homes for Scotland, HFS, has written to the first minister, Nicola Sturgeon, requesting for a phased return to work to allow 6,000 largely completed homes worth £1bn to be finished. Among the 20 signatories are managing directors and chief executives of some of the UK’s largest housebuilders including Barratt Homes, Taylor Wimpey [...]

By |2021-11-13T09:20:56+00:00May 15, 2020|Blog, Finance News, Planning News, Projects|0 Comments
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