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Development partner search is on for key north London site

Property Funding News:- The hunt is on for a development partner to mastermind the building of at least 700 homes at St Ann's hospital site in Haringey. The Mayor of London, Sadiq Khan, has bought two-thirds of the land, 7.1 acres, at the hospital to build up to 800 new homes of which 60 percent must be affordable. The receipts from the sale have allowed the hospital trust to invest in building new facilities for patients. https://www.youtube.com/watch?v=lYJjPXGYWvo Deputy mayor for housing [...]

By |2021-11-13T10:51:02+00:00September 9, 2019|Blog, Finance News, Planning News, Projects|0 Comments
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Reverse VAT changes postponed for a year

Commercial Finance News:- The building industry has won a one-year reprieve from reverse charge VAT, the taxman has announced. Her Majesty's Revenue and Customs, HMRC, has deferred the changes until October 2020 following intense lobbying by the construction sector. https://www.youtube.com/watch?v=C1-k6Ika-0Q&t=1s Last month a coalition of trade bodies wrote to the chancellor, Sajid Javid, asking for a six-month delay to the introduction which was supposed to happen this month. They warned contractors' cash flow would be badly affected if customers paid [...]

By |2021-11-13T10:51:11+00:00September 9, 2019|Blog, Finance News, Planning News, Projects|0 Comments
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Housing delivery in London still way off-target

Construction Loans News:- New residential build in London is at near-record levels for the second quarter of 2019 despite being way below London's draft plan goal of 65,000 new homes a year, claims property agents Savills. A total of 40,735 energy performance certificates, EPCs, for new builds were issued for May to June - an 8 per cent year-on-year rise, although a slight fall on the previous quarter. https://www.youtube.com/watch?v=Rw_dTlS7_Ug&t=2s Residential development researchers  Molior reveals sales for private units on sites [...]

By |2021-11-13T10:51:30+00:00September 4, 2019|Blog, Finance News, Planning News, Projects|0 Comments
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House building shows slight decline in August

UK construction activity has contracted for the fourth successive month as Brexit unpredictability sharpens. The IHS Markit purchasing managers' index fell to 45 in August down slightly from 45.3 in July and below the 50 no-change threshold. https://www.youtube.com/watch?v=gZkYeRN7z9k IHS Markit economics associate director, Tim Moore, said: "Construction companies noted that rising risk aversion and tighter budget setting by clients in response to Brexit uncertainty had held back activity, particularly in the commercial sub-sector." Building firms indicated a slide in business [...]

By |2021-11-13T10:51:38+00:00September 3, 2019|Blog, Finance News, Planning News, Projects|0 Comments
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Housebuilders cash contributions to get local residents’ recognition

Construction Loans News:-New planning rules enabling residents to see how housing developers' money has been spent in the community have come into force. The government passed legislation on September 1st requiring councils to publish the details of deals done with housing developers so residents can see how the money will be spent. Housing minister, Esther Mc Vey, said: "The new rules will allow residents to know how developers are contributing to the local community when they build new homes - [...]

By |2021-11-13T10:51:45+00:00September 2, 2019|Blog, Finance News, Planning News, Projects|0 Comments
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Extra £180k premium to buy a house close to a top notch school

Bridging Finance News:- Exceptional schools boost house price values by as much as £180,000 according to a study by online mortgage broker Trussle. Ofsted has identified 703 outstanding rated state secondary schools, academies and colleges across England. Trussle found average asking prices in the same postcode areas as these schools was £427,116 – £180,116 more than the average house price in England of £247,000. Chief executive, Ishaan Malhi , said: "Living near to good schools is a priority for many [...]

By |2022-03-16T14:32:18+00:00August 29, 2019|Blog, Finance News, Planning News, Projects|0 Comments
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Bermondsey in south London set to get 86 luxury flats

Bridging Finance News:- An £83m mixed-use development of 86 luxury flats and 143 apart-hotel  residences in Bermondsey, south London, has got the go ahead from Southwark council. The scheme is the latest joint venture for developers Galliard Homes and Acorn Property Group. https://www.youtube.com/watch?v=C1-k6Ika-0Q&t=1s The Newhams Yard development off Tower Bridge Road will comprise three towers of up to ten storeys around a public courtyard with shops, restaurants and office services on the ground floor. Galliard Homes sales director David Galman, [...]

By |2021-11-13T10:52:14+00:00August 27, 2019|Blog, Finance News, Planning News, Projects|0 Comments
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London house prices drop in June while the regions flourish

UK House Prices News:- London experienced the biggest annual house price fall of 2.7 per cent in June, while Wales recorded the highest year-on-year rise of 4.4 per cent. The Land Registry house price index showed Northern Ireland's prices at the end of the second quarter, April to June, increasing by 3.5 per cent compared with the same period in 2018. https://www.youtube.com/watch?v=BqZlmQWersU&t=12s In England there was a modest monthly rise of 0.7 per cent and a yearly one of 0.9 [...]

By |2021-11-13T10:52:22+00:00August 14, 2019|Blog, Finance News, Planning News, Projects|0 Comments
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Construction industry demands delay on reverse VAT

Many smaller house builders could go out of business if domestic reverse charge VAT is introduced on October 1st, a coalition of construction trade bodies has warned. Fifteen associations have signed a letter sent to the chancellor, Sajid Javid, this week urging the new rules be postponed for a minimum of six months. https://www.youtube.com/watch?v=vK9_6vD5tuA They claim the changes could lead to a loss of productivity, reduced cash flow and in the worst cases, lead to a hit on jobs, tipping [...]

By |2021-11-13T10:52:35+00:00August 9, 2019|Blog, Finance News, Planning News, Projects|0 Comments
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House price growth dips in July

Commercial Property Finance:-:- House prices dropped marginally in July by 0.2 per cent compared with the previous month, according to the Halifax house price index. This was the second successive month of a fall with June's figures 0.4 per cent down on the previous month. https://www.youtube.com/watch?v=BqZlmQWersU&t=12s However, for the three months leading up to the end of July there was a year-on-year growth of 4.1 per cent bringing the average UK house price to £236,120. Halifax managing director, Russell Galley, [...]

By |2021-11-13T10:52:47+00:00August 7, 2019|Blog, Finance News, Planning News, Projects|0 Comments
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Herts urban village of 1,725 homes project gets green light

Construction Loans News:-The Cheshunt Lakeside development to build 1,725 homes on the former Hertfordshire headquarters of supermarket chain Tesco gained planning consent this week, August 5. Broxbourne borough council granted permission for the £620m scheme following the signing of a section 106 agreement with brown field developers Inland Homes. https://www.youtube.com/watch?v=WpnLZeEwEJA The company's chief executive, Stephen Wicks, said the news was an indicator of effective collaborative work with local councils. "With the terms agreed, we are now eager to start construction [...]

By |2021-11-13T10:47:27+00:00August 7, 2019|Blog, Finance News, Planning News, Projects|0 Comments
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Kent commuter town set to get 210 new flats

Property Development News:- Plans to revive Swanley Square's run down 1970s shopping centre and build 210 flats have finally been given the go-ahead. Swanley district council has granted detailed planning permission for developers U + I's £17.9m scheme after initially rejecting it two years ago. The application went to appeal with the inspectorate ruling in U + I's favour last month, July 26, saying the scheme would "invigorate" Swanley's centre. https://www.youtube.com/watch?v=lYJjPXGYWvo The 1.46 ha site is on the former grounds of [...]

By |2021-11-13T10:47:35+00:00August 6, 2019|Blog, Finance News, Planning News, Projects|0 Comments
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