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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|Projects, Blog, Finance News, Planning News|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|Projects, Blog, Finance News, Planning News|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|Projects, Blog, Finance News, Planning News|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|Projects, Blog, Finance News, Planning News|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|Projects, Blog, Finance News, Planning News|0 Comments
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Lincolnshire set to get 2,500 new homes

Bridging Finance News:-A £1.2bn  garden city of six new villages around five lakes in Lincolnshire moved a step closer, after the local planning authority gave the first phase of the scheme the go ahead. North Lincolnshire council approved developer, Maltgrade's plans for 2,500 homes, a school, village centre, parks and a lake on farmland on the western edge of Scunthorpe. https://www.youtube.com/watch?v=lYJjPXGYWvo&t=2s Council leader, Rob Waltham,  said last night's decision was a milestone for the development which has been in the [...]

By |2021-11-13T10:47:40+00:00August 1, 2019|Projects, Blog, Finance News, Planning News|0 Comments
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Regional cities’ house price rises while the South stays muted

Bridging Finance News:- Edinburgh and Liverpool saw the highest year-on-year house price growth of 5.1 per cent and 4.9 per cent for June2019, according to Zoopla's hometrack index. The average price of a house in Edinburgh now stands at £232,300 while in Liverpool it's £124,100. The index, which looks at 20 cities in the UK, reported an overall annual increase in house prices of 1.7 per cent in June. It noted house prices had weakened rapidly along the south coast [...]

By |2022-03-16T14:03:29+00:00July 30, 2019|Finance News, Blog, Planning News, Projects|0 Comments
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Planning of 151 – 157 TOWER BRIDGE ROAD DEVELOPMENT is going on

The construction plan for 151 – 157 TOWER BRIDGE ROAD, SOUTHWARK – MIXED DEVELOPMENT is going on and the construction will start at 151 – 157 Tower Bridge Road, Southwark, and London, SE1 3JE. The council of Southwark will oversee the construction. The project will reportedly take 36 months to complete. https://www.youtube.com/watch?v=Rw_dTlS7_Ug&t=2s The floor area and the site area of the project are 6161 sq m and 3642 sq m respectively. There will be 2 structures built consisting of 10 [...]

By |2021-11-13T10:48:04+00:00July 29, 2019|Projects, Blog, Finance News, Planning News|0 Comments
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North West London to gain 844 new homes in retail to resi scheme

Bridging Loans News:- London's mayor, Sadiq Khan, has approved plans to convert Pentavia retail park in Brent into 844 new homes of which 41 per cent must be affordable. The new homes have been designed by award -winning architects Arney Fender Katsalidis and comprise a mix of one and two-bedroom flats and three-bedroom family homes. https://www.youtube.com/watch?v=lYJjPXGYWvo Mr Khan said: "This is a classic example of an underused site with the potential to deliver significant numbers of homes, including affordable homes at social [...]

By |2021-11-13T10:48:12+00:00July 26, 2019|Projects, Blog, Finance News, Planning News|0 Comments
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Sky scraper for ‘key workers’ proposed in West London

Bridging Finance News:- Ambitious plans to build one of the tallest tower blocks in Ealing comprising 26 storeys of 149 affordable flats have been submitted. The new building, called 55 West, is to have roof gardens and at ground level a public plaza with the possibility of a doctors' surgery. https://www.youtube.com/watch?v=yQ3_KUhi8_8 Developers Southern Grove  and Thames Valley Housing Association have lodged the application with Ealing council which is expected to make a decision by the end of November. Southern Grove [...]

By |2021-11-13T10:48:18+00:00July 25, 2019|Projects, Blog, Finance News, Planning News|0 Comments
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Lending for home purchases shows 2.9 per cent year-on-year rise for June

Bridging Finance News:- Mortgages granted for home buying stood at 42,653 in June - a 2.9 per cent annual increase, according to UK Finance, figures. The number was above the 38,000-40,000 range that has largely held from the beginning of 2018 through to early 2019. https://www.youtube.com/watch?v=C1-k6Ika-0Q&t=7s Economic forecasters, the EY ITEM Club, said June's figures were just below the 26-month high seen in April of 42,792. The Club's chief economic advisor, Howard Archer, said the housing market had received some [...]

By |2021-11-13T10:48:24+00:00July 24, 2019|Projects, Blog, Finance News, Planning News|0 Comments
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Number of house sales fall in June by more than 25 per cent

Bridging Finance News:- UK residential house sales showed a 25.1 per cent year-on-year drop for June 2019, according to the HMRC's non-seasonally adjusted figures. The seasonally adjusted UK property transaction count was 84,490 for residential sales in June. The seasonally adjusted count of residential property transactions decreased by 9.6 per cent between May 2019 and June 2019, and was 16.5 per cent lower than June 2018. https://www.youtube.com/watch?v=C1-k6Ika-0Q&t=7s Bridging Finance by HZA Brokers Hank Zarihs Associates said current uncertainty about whether [...]

By |2021-11-13T10:48:36+00:00July 23, 2019|Planning News, Blog, Finance News, Projects|0 Comments
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