New housing supply falters while demand for new home grows

Housing Loan News:- Housing demand is up 26 per cent over the first few weeks of 2020 compared to the same period over the last two years claims, online property agent Zoopla. Zoopla predicts Nottingham, Edinburgh and Glasgow as the cities with the strongest prospects for 2020, indicating they will be at the top end of a narrow range of price growth for 2020. https://www.youtube.com/watch?v=lYJjPXGYWvo It’s house price track of 20 UK cities saw prices in December 2019 reached a [...]

By |2022-03-15T06:26:06+00:00January 29, 2020|Projects, Blog, Finance News, Planning News|0 Comments

Edinburgh set to invest £2.5bn in modernising and building new homes

Edinburgh city council has earmarked £2.5bn for housing and plans to build 20,000 new homes by 2028. The money will go towards modernising existing homes with 10,000 of the new properties to be affordable. https://youtu.be/gZkYeRN7z9k Housing, homelessness and fair work convener, Cllr Kate Campbell, described the investment as one of the ‘most ambitious’ for any local authority in the UK. "We need to address the huge housing pressures facing our city and we’re doing this with one of the biggest [...]

By |2021-11-13T11:01:53+00:00January 27, 2020|Projects, Blog, Finance News, Planning News|0 Comments

3-D printing of homes in the UK still under wraps

Development Finance News:- The UK is lagging behind other countries when it comes to harnessing 3-D printing to build new homes, a leading academic has said. Civil engineering and environmental materials associate professor at Brunel London University, Dr Seyed Ghaffar, is working with housing associations and CyBe Construction to produce a prototype. https://www.youtube.com/watch?v=Rw_dTlS7_Ug&t=2s But said it was a challenge convincing investors to take the plunge and back his project. “They are split on this. Some of them are very encouraging [...]

By |2021-11-13T11:01:59+00:00January 22, 2020|Projects, Blog, Finance News, Planning News|0 Comments

Large housebuilders show lack lustre design performance

Bridging Finance News:- Poorly designed houses are getting through on appeal and are undermining the government’s planning policy, according to the findings of a national design audit. UCL Bartlett School of Planning’s study of 142 different sites in England, built by volume housebuilders, found three quarters were of poor or mediocre design with only a quarter rated good or very good. Our Bridging Finance range covers auction purchases, to private sales and all levels of refurbishment works. Bridging finance is [...]

By |2021-11-13T11:02:05+00:00January 21, 2020|Projects, Blog, Finance News, Planning News|0 Comments

The mayor digs his heels in over relaxing the capital’s green belt

Property Loans News:- London’s mayor Sadiq Khan has refused to back plans to review the green belt to allow more homes to be built in the city. Instead he’s calling for extension of the green belt and has publicly declared he won’t support de-designation of land. https://www.youtube.com/watch?v=gZkYeRN7z9k His position conflicts with the inspector’s recommendations of the draft London plan which proposes a revision of the green belt. In his December letter to the planning inspectorate, Mr Khan stresses the importance [...]

By |2021-11-13T11:02:20+00:00December 19, 2019|Projects, Blog, Finance News, Planning News|0 Comments

Scottish home builders push for longer term funding security

Construction Loans News:- Housebuilders north of the border are urging the government to extend help-to-buy to 2023 in line with England. The scheme finishes in Scotland at the end of March 2021, shortly before Scottish parliament elections in May, which Homes for Scotland, HfS, argues is too soon. https://www.youtube.com/watch?v=C1-k6Ika-0Q&t=1s The home builders’ trade body fears without clarity over future funding there’s a risk the larger homebuilders will prioritise markets south of the border. HfS policy director, Fiona Kell, said: “We [...]

By |2021-11-13T11:02:26+00:00December 18, 2019|Projects, Blog, Finance News, Planning News|0 Comments

New life breathed into ambitious development project for West London

Plans to build up to 25,000 homes as part of a wider regeneration scheme for Old Oak and Park Royal in West London have been revived. The Old Oak and Park Royal Development Corporation, OPDC, has submitted new proposals to build the homes, and create 65,000 new jobs, over the next 30 years across a 650-hectare area. https://www.youtube.com/watch?v=C1-k6Ika-0Q&t=1s A four-fold increase in land values meant earlier plans to build on 54 acres at Old Oak North, where second-hand motor dealer [...]

By |2021-11-13T11:02:32+00:00December 13, 2019|Projects, Blog, Finance News, Planning News|0 Comments

New building site visitor card to be rolled out

Development Finance News:- A new building site visitor card could pave the way for a suite of competence smart cards to help raise standards in the industry. The Home Builders Federation members have trialled the new card which was launched this week. It’s aimed at people offering support services such as catering, site cleaning, sales or human resources. Applicants need to have passed the Construction Industry Training Board health and safety and environment test. HBF external affairs director, John Slaughter, [...]

By |2021-11-13T11:02:39+00:00December 12, 2019|Projects, Blog, Finance News, Planning News|0 Comments

Smaller developers key to boosting quality housing delivery in Scotland

House Loan News:-Scotland’s smaller builders need to be cultivated to help the country tackle its backlog demand for new homes, claims Homes for Scotland in a report released this week. The trade body said although 2018 was the best year in a decade for housing, small builders’ contribution to the 20,000 plus homes built had fallen by 40 per cent. They accounted for just 2,500 of the new homes, before the 2008 recession they were building an average of 4,000 [...]

By |2021-11-13T10:55:59+00:00November 27, 2019|Blog, Finance News, Planning News, Projects|0 Comments

New builds reach highest level since 80s but there may be trouble ahead

Developers are calling on the government to increase the variety of sites which can be built on following figures showing housing supply nearly doubling over the past six years. The ministry of housing, communities and local government's statistics reveal 214,000 new completions - the highest number since the 1980s and nearly twice the low of 124,000 in 2012-13. https://www.youtube.com/watch?v=vK9_6vD5tuA However, the Housing Pipeline report shows planning approvals dropping to 97,278 in the second quarter of 2019 - a 7 per [...]

By |2021-11-13T10:56:15+00:00November 15, 2019|Blog, Finance News, Planning News, Projects|0 Comments

Government promise of 200,000 starter homes hasn’t happened

Bridging Finance News:- Plans to build 200,000 homes for first-time buyers under 40 have been sidelined due to lack of parliamentary time to pass the necessary legislation before December's general election. A National Audit Office investigation discovered no such homes have been built since the Conservatives announced the initiative in their 2015 manifesto. https://www.youtube.com/watch?v=gZkYeRN7z9k In the November 2015 spending review, £2.3bn was earmarked for delivery of the first 60,000 which were to be sold with a 20 per cent discount. [...]

By |2021-11-13T10:56:22+00:00November 5, 2019|Projects, Blog, Finance News, Planning News|0 Comments

Construction output falls for sixth consecutive month

Construction Loans News:- Building output carried on declining although the latest purchasing managers' index showed the rate of contraction was the slowest in three months. Construction companies were continuing to reduce their workforce numbers due to weak order books and concerns about the near-term business outlook. New orders dropped for the seventh month in a row during October, but the rate of decline was the least marked since July. https://www.youtube.com/watch?v=lYJjPXGYWvo The 44.2 index for October was up on September's 43.3 [...]

By |2021-11-13T10:56:31+00:00November 4, 2019|Blog, Finance News, Planning News, Projects|0 Comments