Property developers should be cautiously optimistic about the proposals in Philip Hammond’s autumn budget aimed at helping councils and developers build new homes. But do they go far enough? The good news for property developers in the autumn budget is that the government is taking practical steps to help smaller developers build new homes. Chancellor …
Lack of new homes is down to the government – not developers and land banking
Last month, the government said it plans to tackle the shortage of new homes in England. Its pledge follows reports that planning permission has been granted for more than 423,000 new homes in the UK that are still waiting to be built. Theresa May said she will make it harder for developers to hang onto …
Five things a developer should do to secure mezzanine funding
Make a proper plan Be realistic about sales prices Explain the project in writing Tell us about yourself and your track record Be transparent about your senior debt Read more in: Development Finance Today – 19th February 2018
6 great reasons to use mezzanine finance on your next development
Some people see mezzanine finance as a form of last resort lending, but this is wrong. Many of our clients choose to use mezzanine finance even though they are able to fund their developments themselves. The question is, why? Mezzanine finance is used to fill the gap between a developer’s equity and the senior debt …
Leeds the best location for building new homes, research reveals
Leeds best for building new homes Leeds tops the list of England’s local authorities as the ideal location to build new homes Surrey Heath sits at the bottom of rankings as worst local authority to build homes Argyll’s research combines new build values, planning approvals and home sales Leeds is the best location for building …
Building in the age of uncertainty
After the latest election, political uncertainty now appears to be the ‘new normal’. There have been major votes every year since 2014; each with the potential to radically alter British politics and the economy. We’re now left facing two years of Brexit negotiations with a weakened government and a hung parliament. Not exactly strong and …