Peer to peer lender Lendy faces tighter scrutiny by the Financial Conduct Authority following analysis showing that around 55% of its outstanding loans have been judged “non-performing” and that the lender is failing to meet the standards required by the regulator. Online Market Places.
A system for the electronic site-testing of roof and waterproofing systems has been launched by a new trade association, the Roofing and Waterproofing Association (RAWTA). The Association has set itself the goal of enhancing the quality of and striving for zero defects in all membrane roof and waterproofing procedures. RCI Magazine.
Council owned Homes for Lambeth announced that it is to build 300 new homes over the next two years, mainly at affordable rents. The first tranche of 159 homes are scheduled for completion by March 2020 and will include 145 for council-level or affordable rents. Longer-term plans include provision for 1,000 additional new homes. Building.
Brexit might have seemed the subject preoccupying every Member of Parliament – and a good proportion of the population too – for almost the past three years, but the head of the British Property Federation claims that is a myth and that Brexit has not been a total distraction for the government. Construction News.
Housing production increased by 2.8% in January, according to official figures released by the Office for National Statistics. This reversed a striking downward trend in December and was 1.8% higher than the same month last year. The rolling three-month series, however, shows a slowdown in production. Gov.UK.
Registrations are now being accepted for this year’s Social Housing Finance Conference on the 9th of May. The agenda includes single-issue topics such as Brexit and Grenfell but also wider discussion on the investment in new and existing homes, balancing social and commercial activity, and service efficiency and transformation. Social Housing.
The West Midlands Combined Authority is looking to promote local councils in the region as the centre of UK modular housing production. The Authority wants up to half of the thousands of new homes it intends to create in the next ten years to be built offsite. Building.
Balfour Beatty appear to be winning the battle to turnaround and streamline their business, having posted profit margins in its construction division of 2.4% in the final half of 2018. Pre-tax profits for the whole year reached some £123 million – up 5% on 2017’s £117 million. Construction Index.
Planning permission has been granted for the construction of a super high-rise 48-storey residential tower block in the London Borough of Southwark. The £600 million project is set to result in the fourth tallest residential tower in the capital. Building Design.
The Chancellor’s Spring Statement promised action on two housing fronts: a government guarantee of up to £3 billion for English housing associations to build and deliver some 30,000 affordable homes; and the development of a Future Homes Standard designed to stimulate what the government is calling a “carbon neutral future”. Homes & Property.
Following on from the Spring Statement, the Home Builders Federation largely welcomed the Chancellor’s initiatives and pledged to work with them. The Environment Committee of the London Assembly, on the other hand, doubted the measures went far enough. Estate agents are also quoted as being sceptical about the promise to deliver 30,000 affordable homes. Housebuilder.