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September 1, 2017

Skipton reduces fixed rate residential range

Skipton reduces fixed rate residential range Skipton Building Society has announced today that it is reducing its 2 and 5 Year Fixed Rate residential mortgages with rates lowered by up to 0.38% – an average of 0.20% in rate reductions across the range. Purchase products include 2 year fixes at

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Harwoth Group plc Acquires two new Sites

Harworth Group plc is known for property development and investment. The company has revealed that they have purchased two strategic land sites in the Midlands that will be beneficial to the expansion of their strategic land bank. The two sites have both been purchased using a part of the £27.1

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Maybole Bypass Construction Work out for Tender

Transport Scotland has released a tender for the £30 million project to construct the Maybole bypass. The organisation is looking for bidders that will contracted to carry out the construction work of approximately 5.2 km of the new bypass and any associated junctions. When the planned bypass has been completed

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Willmott Dixon Looking to Expand Sunesis School Building System

Willmott Dixon, the leading independent supplier of construction and property services in the UK is targeting a pipeline that has been valued at £100 million. The construction pipeline consists of orders that will be complete using their pre-designed school system, which is called Sunesis. Willmott Dixon has announced this ambitious

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Mick George Diversifies into Vehicle Leasing

Mick George are diversifying and will be looking to offer vehicle purchasing and leasing services. Construction companies are not necessarily the first companies to look at when exploring the idea of purchasing or hiring vehicles. However, it is worth considering that companies in this industry are able to efficiently operate

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Latest Issue

BDC 318 : Jul 2024

September 1, 2017

Skipton reduces fixed rate residential range

Skipton reduces fixed rate residential range Skipton Building Society has announced today that it is reducing its 2 and 5 Year Fixed Rate residential mortgages with rates lowered by up to 0.38% – an average of 0.20% in rate reductions across the range. Purchase products include 2 year fixes at 1.09% to 60% LTV, and 1.79% to 80% LTV, and a 5 year fix at 1.89%to 60% LTV. For those wishing to remortgage, products include a 5 year fix at 1.90%to 60% LTV. All of the 2 and 5 year fixed rate remortgage products offer free valuation and free standard legal fees. And all purchase applications for the 2 and 5 year fixes come with free valuation. Full details of the range can be seen at skipton.co.uk/mortgages. Kris Brewster, Skipton’s Head of Products, said: “In reducing our mortgage rates on this range, we’re really showing our support to help get the country moving and enable more people to progress on the housing ladder, whatever rung on it they may be. Today’s news is great for borrowers, as our mortgage rates continue to fall and our range of products competitively sit in the national best buy tables. With rates reduced by up to 0.38%, there really are some great deals to be had for people looking to buy or remortgage, and some great choice to suit all needs. So whatever property their life ahead may take them to, there’s plenty of options to get the mortgage that’s just right for you.” Join our mailing list: Source link

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Harwoth Group plc Acquires two new Sites

Harworth Group plc is known for property development and investment. The company has revealed that they have purchased two strategic land sites in the Midlands that will be beneficial to the expansion of their strategic land bank. The two sites have both been purchased using a part of the £27.1 million that has been raised by the Company’s equity placing in March 2017. The sites are expected to deliver returns above Harworth’s double-digit target rate of return, which is great news for the company. The two newly purchased sites are located next to the existing Haworth landholdings which means that there is also the possibility of additional return, or marriage value when combined. The first site that has been acquired by the property developing and investment company is a 145-acre site which is located in Coalville, Leicestershire. The site is located next to Harworth’s major development site in this location. The new site cost £11.8 million plus acquisition costs and already has planning consent for the construction of 914 residential plats and the acquisition of this new site has marriage value. Harworth has control of 2,016 plots in Coalville which represents a 15-year pipeline for development in the area. The second site that has been acquired by Harworth is an 88-acre site for £2.6 million plus the costs of acquisition. The site is located in the Chatterley Valley in Staffordshire, near to the A500 and is also next to a 24-acre freehold. Combining these two Staffordshire sites together gives the company a 112-acre site that has planning consent for a 1.2 million sq. ft. commercial development which would offer marriage value and a 10-year development pipeline. This opportunity also benefits from the Government Enterprise Zone which would offer incentives for businesses to potentially become occupiers of the development when completed.

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Maybole Bypass Construction Work out for Tender

Transport Scotland has released a tender for the £30 million project to construct the Maybole bypass. The organisation is looking for bidders that will contracted to carry out the construction work of approximately 5.2 km of the new bypass and any associated junctions. When the planned bypass has been completed the road network in the nearby area will be separated into local and long distance routes. By creating this strategic link and separating the long distance travellers from local drivers will cut down on the levels of congestion experienced in the area. Key ports near the proposed bypass like Stranraer and Cairnryan will be affected by the work as it is thought that the construction work will cut journey times for long distance road users. This new development project offers construction companies in Scotland an amazing opportunity to work on a high profile project. This extensive alteration work will offer work to a wide range of companies and will also improve the traffic in that area. Work to improve the A9 at Berriedale Braes in the north of Scotland is part of the Scottish Government’s commitment to improve the transport network across the country. With the announcement of this most recent tender, the total value of the contracts that have been awarded and advertised over the past few months is around £174 million. This demonstrates a strong commitment to cut journey times and emissions caused by the congestion as well as carry out general improvements across the country. Those who live in the Maybole community will be given relief from the built up traffic with the creation of the Maybole Bypass, boosting the local community as well as removing the congestion from the local roads caused by vehicles covering longer distances. It is thought that the construction work on the Maybole Bypass will start at some point next year.

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Willmott Dixon Looking to Expand Sunesis School Building System

Willmott Dixon, the leading independent supplier of construction and property services in the UK is targeting a pipeline that has been valued at £100 million. The construction pipeline consists of orders that will be complete using their pre-designed school system, which is called Sunesis. Willmott Dixon has announced this ambitious target following the appointment of Fran Cox from the Head of Schools and Infrastructure at Bedford Borough Council as the new Operations Director. The pan is for Fran Cox to lead the growth plans at Sunesis, a system that is jointly owned by Willmott Dixon and Scape Group. It has been predicted that the country will require more than 2,000 new schools over the course of the next few years. Hopefully Fran and Sunesis will be able to play an essential role in meeting the demand for school places on a national scale. Sunesis has already delivered 28 primary schools since their first commission in 2011. The division has also worked to complete 40 school extensions which has led to 18,000 new school places being created in total. At the moment, Sunesis has a range of three primary schools that are already pre-designed. These three schools are available with a fixed cost and a fast-track programme that means the work to construct the school can be completed within nine months of the project first being commissioned. Fran’s recent appointment as Operations Director is vital to drive forward Willmott Dixon’s upcoming plans for growth in order to become a more established provider of new schools. Fran Cox’s experience working at Bedford Borough Council will be vital with the development of Sunesis. Fran has also experienced working with Sunesis as a client which will be valuable for understanding the needs and requirements for company will need to fulfill. Sunesis has a great amount of potential and Fran Cox will be an asset to the company as they work to create more school places for children around the country.

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Mick George Diversifies into Vehicle Leasing

Mick George are diversifying and will be looking to offer vehicle purchasing and leasing services. Construction companies are not necessarily the first companies to look at when exploring the idea of purchasing or hiring vehicles. However, it is worth considering that companies in this industry are able to efficiently operate and maintain over and above 400-strong fleets in some cases.   However, before making this move it is imperative that a construction company fully understand the market it is moving into, as well as have the foresight to carry out the move and have the knowledge to add to their service portfolio in order to move successfully. Mick George Ltd have done just that and made the leap into the commercial vehicle trade. In order to carry out this expansion the company have come to an agreement with one of their established vehicle suppliers, who shares the same vision and ethos as the construction company. Steve Howell is the part owner of Neva Consultants after generating a range of experience throughout his career, which began in Car Sales in 1981. At Neva, Steve pays a central role and has been directly involved in the turning over of up to 2,000 cars a year to a range of different satisfied clients. Steve has been working with Mick George for a number of years, especially with the Finance Director Jon Stump. After helping Jon source a BMW 323SE, Steve became involved in the supply of the Company Cars, Lorries, and Tipper Trucks in volume for the construction company. The car leasing market is stable and buoyant that the moment, and Mick George Ltd will be offering vehicles at a much reduced rate while removing the hassle of maintaining the vehicle and any risk of depreciating value. This plan will be attractive to customers and will offer the construction company an innovative way to stay ahead in this uncertain market while still complementing the core of their business services.

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