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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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Edinburgh’s sports hotspot set to have 600 new homes

Plans to build up to 600 low-carbon homes at Edinburgh’s Meadowbank sports centre moved a step closer with the city council approving the site’s redevelopment masterplan. Collective Architecture has designed a mixed-use development with shops and offices on the ground floor with flats above and space for a GP surgery and other community facilities. One-fifth of the homes will be for families and the scheme will also offer provision for the elderly. Housing, homelessness and fair work convener, Cllr Kate [...]

By |2021-11-13T11:01:02+00:00February 18, 2020|Projects, Blog, Finance News, Planning News|0 Comments
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Councils under pressure to hit housing land supply targets.

Bridging Loans News:- South East England councils were among the worst at delivering land for housing according to figures released by the ministry for housing, communities and local government, MHCLG. The City of London, Havering and Thanet delivered just 35 per cent of the land they were required to provide for housing in the three years to March 2019. They were followed by Basildon, Eastbourne, North Hertfordshire, New Forest and Three Rivers who reached just 45 per cent of their [...]

By |2021-11-13T11:01:11+00:00February 17, 2020|Projects, Blog, Finance News, Planning News|0 Comments
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First-time buyers’ 30 pc discount set to kick start building

Property Loans News:- Young people priced out of buying in their hometown, key workers and veterans could get up to a third off the price of their first home, said housing secretary, Robert Jenrick, today. House builders support the move and believe it’s an improvement on the ineffective starter home initiative launched by the former prime minister, David Cameron, and his chancellor, George Osborne. Home Builders Federation communications director, Steve Turner, said: “It will help another part of the market [...]

By |2021-11-13T11:01:18+00:00February 7, 2020|Projects, Blog, Finance News, Planning News|0 Comments
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Battersea estates in South London set to get new homes in major makeover

Bridging Loans London News:- Ambitious plans to build 2,550 new homes and transform two 1960s and 1970s housing estates, opposite Clapham Junction station, have been approved by Wandsworth council. The £1.4bn joint venture between the council and Taylor Wimpey includes a 2.49-hectare public park, leisure and community centre, library, children’s centre and nursery. https://www.youtube.com/watch?v=lYJjPXGYWvo Wandsworth council leader, Cllr Ravi Govindia, said the detailed plans included the views of residents and the local community through extensive consultation of 7,000 households. “The [...]

By |2021-11-13T11:01:34+00:00February 3, 2020|Projects, Blog, Finance News, Planning News|0 Comments
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Turning ugly neighbourhoods into beautiful ones

Property Development News:- Ending the scandal of left-behind places and derelict buildings with a cut in VAT for renovations and repairs has won the vote of smaller builders. The government-commissioned report, Living with Beauty, calls on settlements to be renewed regenerated and cared for as well as every new home to have access to a fruit tree. https://www.youtube.com/watch?v=KZ_ylUh-2Zc&t=3s The Federation of Master Builders, FMB, has campaigned for VAT on restoring existing buildings to be cut to zero. FMB chief executive, [...]

By |2024-10-21T14:01:45+00:00January 30, 2020|Projects, Blog, Finance News, Planning News|0 Comments
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