Marijana No Comments

New builds to launch in High Wycombe

Developer Inland Homes is launching the next phase of homes at High Wycombe development Centre Square across the weekend of 26/27th September.

The Pavilion Apartments and Alexandra House are due to launch in September, with final completions in March 2021.

They are eligible for Help to Buy.

Vicki Noon, sales and marketing director at Inland Homes, said: “We are thrilled to be launching the next phase of homes at Centre Square next month.

“These apartments make perfect homes for a range of buyers, especially those looking for their first home, with properties situated at the centre of everything the town has to offer.

To find out more about how we can assist you with your Development Finance requirements, please click here to get in touch

“Being just across the road from the Eden Centre and with fantastic transport links within walking distance, the properties are in a prime location to thoroughly enjoy the lifestyle that town centre living brings.

“And, with all apartments available on the Help to Buy scheme with just a 5% deposit needed to secure a home, buying a property is made even more affordable for those looking to buy new in High Wycombe.”

The Pavillion Apartments have seven apartments, comprised of one and two bedroom properties.

Alexandra House will offer a contemporary selection of 36 one and two bedroom apartments, each with an underground parking space and access to a private communal courtyard garden.

BY RYAN BEMBRIDGE

Source: Property Wire

Marijana No Comments

Housing minister calls for VAT reduction to support construction recovery

Housing minister Kevin Stewart is calling for the UK Government to reduce VAT charged on construction works to existing buildings to 5% to support the sector’s recovery from the coronavirus pandemic.

In a letter to chancellor of the exchequer Rishi Sunak, Mr Stewart said that while successive Scottish ministers have made such requests at various points in recent years, the “exceptional circumstances” faced by the construction industry as a result of the pandemic has brought this issue to the fore once again.

Setting out the benefits the reduction would bring, Mr Stewart added:

  1. A reduction in the cost of such work would undoubtedly encourage and enable domestic investment (which can be undertaken safely under well-developed safe operating practices which have been developed and adopted by industry) at a time when many households are reluctant to invest due to financial uncertainty.
  2. The pandemic is clearly bringing major changes in our working and home lives and existing buildings need to be adapted in order to support these new patterns of behaviour. Without this we risk losing buildings that could have been re-purposed and may well force people to work in unsatisfactory conditions at home. A reduction in VAT would significantly increase building flexibility and also send a clear signal that government is actively responding to these changing patterns.
  3. In responding to the climate crisis it is essential that we make best use of existing buildings and the current favourable VAT treatment for new buildings is a perverse incentive in this respect. Making our existing buildings as heat and energy efficient as possible will be critical to meeting our net zero carbon emissions in the future and a reduction in VAT would undoubtedly incentivise such investment.

To find out more about how we can assist you with your Development Finance requirements, please click here to get in touch

The minister said: “It is at the request of industry that I write to urge you to reconsider this vitally important matter with a view to delivering the stimulus that this VAT reduction would provide.

“Many industry partners have commented that this is probably the single most significant change that could support recovery in the domestic construction sector.

“Successive Scottish ministers have made such requests at various points in recent years but the exceptional circumstances faced by the construction industry as a result of the pandemic has brought this issue to the fore once again.”

Hew Edgar, head of UK government relations and city strategy at the Royal Institution of Chartered Surveyors (RICS), said: “RICS fully endorses this call from the Scottish Government and have long been advocating for a change to the VAT regime to stimulate the repair, maintenance and enhancement of existing property as part of a build back greener approach to construction.”

Source: Scottish Construction Now