It’s always interesting to read in the property news how a property rental deal has been hailed as a success when a commercial property has been let on a gross yield that doesn’t, on the face of it, provide a great return. The latest Savills quarterly review has shown for example that some prime yields
Read MoreGood news that the Housing and Planning Minister, Brandon Lewis, has announced the extension of the PDR relating to converting office buildings into residential. This will help those developers who have effectively had projects on hold as the previous scheme needed developments to be completed and occupied by May 2016. Whilst that may have been
Read MoreWe have a couple of cases where developers have found delays in the purchase of Office (B1a) accommodation with a view to conversion to C3 Residential are now putting developments at risk. Under the slightly controversial PDR introduced in 2013, developments can go ahead as long as the property is ‘is use’ by May 2016. For some
Read MoreExtending downwards is a popular tactic with high value properties and we regular read about the opposition to such schemes, not least because of the disruption that they cause. An increasing issue however is how they can impact on the future development rights of neighbours. This particularly applies to those designs which do not use
Read MoreConsidering Scotland is home to RBS, BOS and Clydesdale to name but a few Scottish borrowers have been on the raw end of finance since 2007. However if you are based in Scotland you can now get residential and commercial bridging finance at rates as low as 0.65% pm and exit finance if you want
Read MoreThe reason this so often asked is because so many lenders will not offer a buy to let loan to a limited company. However, Lewis O’Sullivan, of Stirling Partners Finance Limited, explains “There are several lenders who will lend to limited companies but nowhere near as many as the number that will lend to individuals.
Read MoreThe short term finance market is very diverse and getting reliable statistics is not easy but theAssociation of Short Term Lenders collects data from its members who have witnesses a 49% growth in lending year on year from March 2014 to March 2015. So why is bridging finance becoming more important? Danny O’Sullivan, Head of
Read MoreExperienced property developers know their business and the pitfalls and are good at managing risks – so the ultra-cautious response of many lenders to requests for funding causes frustration. Many forms of property finance have returned to something near normal over the last year or so, but lenders are still reluctant players in the development market. The reason is that
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