Co-living is where three or more tenants, not from the same family or household, share living accommodation. This scenario is common in cities such as London where the cost of living is high. Other advantages of co-living are reduced utility costs as this is shared among the tenants or included in the rent and the … Continue reading Co-Living – what is it and why is it gaining in popularity?
Written By Danass Maddison Proposals intended to streamline and modernise the planning process Current system Currently, the government uses the system based on the Town and Country Planning Act 1947. The act calls for local authorities to prepare local plans setting out proposals for the use and development of land within their area, showing an … Continue reading UK Government – planning for the future
From a developer perspective, sometimes the UK planning system can be quite intricate and vague. One of the reasons is due to its uncertainty at the initial stage.
By Victor Alarsa If you are looking to get into Real Estate financier, here you will find a few metrics commonly used by loan underwriters. As discussed in part 01, covenants are financial metrics used by lenders to determine how risky lending capital might be for a given project. We learnt about LTV/LTGDV/LTC, and now … Continue reading Financial metrics commonly used by loan underwriters (part 02)
By Victor Alarsa If you are looking to get into Real Estate financier or just being more familiarised with its vocabulary, here you will find a few metrics commonly used by loan underwriters. The daily life of a developer is not easy. They need lenders to help them to finance their developments, but lenders do … Continue reading Financial metrics commonly used by loan underwriters (part 01)
By Victor Alarsa Who’s responsible for granting planning permissions? The planning system is designed to be applied by local authorities. There are three layers of authorities: Nationally (national plan) County councils (regional plan) Unitary authorities such as districts, boroughs or city councils, hereafter referred as to Local Planning Authority (LPA) LPA is ultimately responsible for … Continue reading An overview of the “UK-complex-housing-planning-permission-system”