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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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New Luxury Mansion | Edwalton Nottinghamshire | Guy Phoenix

Hermitage Edwalton https://www.youtube.com/watch?v=LQSOTMypWIs   Hermitage is possibly one of the most impressive homes ever built in the United Kingdom. Located in central England within the desirable village of Edwalton Nottinghamshire. Edwalton was recently voted in the top ten places to live in England and Wales and continues to ascend in the list.   The affluent habitat is close to the vibrant town of West Bridgford and boasts some of the most sought-after schooling and property in the county.  Easy access [...]

By |2021-11-13T10:48:44+00:00July 22, 2019|Planning News, Blog, Finance News, News, Projects|0 Comments
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Inland Revenue’s HQ in Nottingham to be turned into 332 flats

Bridging Finance News:-Iconic offices built in the 90s as headquarters for the Inland Revenue are to be transformed into 332 flats. The current owners, Mapeley Estates, have gained permission from Nottingham city council to convert the buildings designed by award winning architect, Sir Michael Hopkins, into homes. The Treasury sold the complex on sale and lease back following the merger of Inland Revenue with Customs and Excise in 2004. The five office blocks at Castle Meadow Business Park,  will be [...]

By |2021-11-13T10:48:57+00:00July 19, 2019|Projects, Blog, Finance News, Planning News|0 Comments
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Planning for WALLYFORD AREA 7 – Project is going on

Construction Finance News:- The project WALLYFORD AREA 7 – 72 HOUSES & 80 FLATS is being planned to be constructed at Area 7, Land South Faside Terrace, Wallyford, Musselburgh, and Lothian, EH21 8AN. The council of East Lothian will be overseeing the construction for this particular project. The total site area of this project equals to 2.98 Ha. There will be a total of 152 units that are going to be provided. There will be 2 storeys built in total. [...]

By |2021-11-13T10:49:05+00:00July 19, 2019|Projects, Blog, Finance News, Planning News|0 Comments
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Green light for £50m development of 239 new homes in Swindon

Bridging Finance News:- The redevelopment of a former university campus in Swindon has been given the go-ahead by the borough council. Nationwide is to build 239 new homes for sale or rent, with 30 per cent as affordable, on the Oakfield Campus. The area, which has laid vacant for more than ten years, will include a children's play area and a community meeting space with links to nearby amenities. Nationwide’s chief executive, Joe Garner, said: "As a building society we [...]

By |2021-11-13T10:49:11+00:00July 18, 2019|Finance News, Blog, Planning News, Projects|0 Comments
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Plans for a 40-storey tower with 279 flats and a hotel are afoot for London’s Isle of Dogs

Bridging Finance News:-Rockwell has lodged an application with Tower Hamlets council to redevelop a three-storey office building on South Quay and build 279 flats and a 400-bed hotel. The scheme will also include improving access to underused spaces underneath the Docklands Light Railway and Admirals Way, enhancing the pedestrian experience along the waterfront. The developer said the tower, overlooking Canary Wharf, would be consistent with the height of neighbouring buildings and those currently under-construction in the area. Rockwell's planning and [...]

By |2024-06-27T02:50:05+00:00July 18, 2019|Projects, Blog, Finance News, Planning News|0 Comments
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UK house price growth slows in May to 0.1 per cent

Construction Loans News:- UK house prices rose by 1.2 per cent in the year to May 2019, down from 1.5 per cent in the year to April, reveal Office of National Statistics, ONS, data. House prices rose by just 0.1 per cent in May compared with April's increase of 0.7 per cent bringing the average UK property price to £229,431. The South West showed the greatest monthly increase of 1.2 per cent, while the North West experienced the biggest annual [...]

By |2024-10-21T14:01:44+00:00July 17, 2019|Planning News, Blog, Finance News, Projects|0 Comments
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New build homes to be ready to power electric vehicles

Finance Lenders News:-Developers have warned that fitting new housing with electric vehicle charge points could run the risk of them becoming obsolete by the time the properties are sold. They claim technology is moving so fast that when new residents move in and buy, or hire, an electric car the charge point could be out of date. They also point out that particular models of electric cars are often restricted to using a bespoke charger. Their comments follow the government's [...]

By |2021-11-13T10:49:33+00:00July 16, 2019|Projects, Blog, Finance News, Planning News|0 Comments
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Sub-standard office conversions’ days could be numbered

Development Finance News:- Landlords who rent minute office conversion flats with poor lighting and ventilation could land themselves in court under new legislation, claim housing experts. The Homes (Fitness for Human Habitation) Act, which went live in March 2019, allows tenants to sue landlords if the homes fail basic standards. A successful challenge would force a landlord to repair the defects and pay compensation to the tenant. Housing  experts have told The Times the act could be used to combat [...]

By |2021-11-13T10:49:43+00:00July 15, 2019|Projects, Blog, Finance News, Planning News|0 Comments
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Plans for 1,300 new homes in Ripon, North Yorkshire

Land at Claro and Deverell barracks in Ripon is to be re-developed to offer 1,300 new homes and commercial space, Homes England and the Ministry of Defence, MoD, have announced. Harrogate borough council's economy and culture director, Trevor Watson, said the authority's local plan consultation had highlighted more high-quality and affordable housing was needed in the Ripon area. "It's encouraging to see the start of this project, between the different stakeholders, start to take shape," he said. More new homes [...]

By |2021-11-13T10:44:42+00:00July 12, 2019|Finance News, Blog, Planning News, Projects|0 Comments
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Planning appeal assignments speeded up to four weeks

Refurbishment Finance News:- Planning appeals are being assigned to an inspector within four weeks compared with an average of 13 weeks last year, but house builders have warned that local councils are still overloaded. The planning inspectorate said the reduction was due to 80 new inspectors being hired in November 2018. It added it was continuing to recruit with more senior inspectors anticipated to be in post by the autumn. A new decision making model where planning officers would examine [...]

By |2021-11-13T10:44:49+00:00July 12, 2019|Projects, Blog, Finance News, Planning News|0 Comments
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