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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|Planning News, Blog, Finance 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|Planning News, Blog, Finance 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|Planning News, Blog, Finance 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|Planning News, Blog, Finance 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|Planning News, Blog, Finance 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|Finance News, Blog, 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|Planning News, Blog, Finance 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|Planning News, Blog, Finance News, Projects|0 Comments
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Government policies aim to kick-start house building

Bridging Finance News:- Construction sites are to open for longer so arrival times can be staggered and smaller developers can defer payments to local councils, the government has said. Housing secretary, Robert Jenrick, has released a series of measures to support house building including allowing councils to publicise applications using social media. He announced estate agents, conveyancers and removal firms could return to work providing they followed social distancing rules. Mr Jenrick said: “Our clear plan will enable people to move home safely, [...]

By |2021-11-13T09:21:03+00:00May 13, 2020|Projects, Blog, Finance News, Planning News|0 Comments
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Suppliers step up manufacture to plug gaps

Development Finance News:- Plaster and plasterboard manufacture are increased to address current shortfalls experienced during the Covid-19 pandemic, suppliers have promised. The Builders Merchants Federation and Construction Products Association said they are working together to meet the needs of housebuilders, contractors and SME builders. BMF chief executive John Newcomb said his members were seeing no major supply issues except for plaster and plasterboard. “Manufacturing is now scheduled to increase to address this problem. We want to deal with potential issues [...]

By |2021-11-13T09:21:28+00:00May 1, 2020|Projects, Blog, Finance News, Planning News|0 Comments
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Building workers’ safety boosted with test access

Development Finance News:- Construction workers are relieved the government has said they are eligible for Covid-19 testing as the sector continues to re-open more building sites. Health secretary Matt Hancock said at yesterday’s press briefing that anyone who needed to leave home to work and had symptoms should be tested. “This means construction workers to emergency plumbers, research scientists to those in manufacturing – can now be tested.” Unite assistant general secretary Gail Cartmail added: “This will significantly help prevent the [...]

By |2021-11-13T09:21:41+00:00April 29, 2020|Projects, Blog, Finance News, Planning News|0 Comments
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Major housebuilders to re-open sites next week

Bridging Loans News:- One of the UK’s largest housebuilders Persimmon has said it will start to re-open sites on Monday, April 27. Yesterday Vistry Group and Taylor Wimpey’s announced they would gradually resume work at their sites under strict social distancing guidelines. Vistry, comprising Bovis and Linden Homes, will re-open a number of its housing sites from Monday onwards. Taylor Wimpey is to restart English and Welsh sites from May 4 with site management teams and sub-contractors following on May [...]

By |2021-11-13T09:21:58+00:00April 24, 2020|Projects, Blog, Finance News, Planning News|0 Comments
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