Plumbers in Reading http://www.plumbersin-reading.co.uk Information and resources for Plumbers in Reading Sun, 20 May 2012 06:52:42 +0000 en hourly 1 http://wordpress.org/?v=3.1.3 No loans for speculative office projects http://www.plumbersin-reading.co.uk/heating-ventilation/no-loans-for-speculative-office-projects-4/?utm_source=rss&utm_medium=rss&utm_campaign=no-loans-for-speculative-office-projects-4 http://www.plumbersin-reading.co.uk/heating-ventilation/no-loans-for-speculative-office-projects-4/#comments Sun, 20 May 2012 06:52:42 +0000 admin http://www.plumbersin-reading.co.uk/heating-ventilation/no-loans-for-speculative-office-projects-4/ 18 May 2012 | By Luke Cross

Not a single bank or lender that took part in the UK’s largest commercial lending survey would be prepared to lend against speculative development, it has been revealed.

The UK Commercial Property Lending Market report by De Montfort University, says progress has been made on commercial sector legacy debt, which dropped 6.8 per cent last year, from £228.1bn to £212.3bn. New lenders to the market also increased their market share to 8 per cent.

But the report says between £72.5bn and £100bn will struggle to be refinanced on current market terms when the debt matures as it has an LTV of over 70 per cent.

The survey also shows a continuing draining away of development finance, and reported that, for the first time, not one of the banks or lending organisations surveyed would be prepared to lend against a speculative office development.

The survey of 72 lending teams from 63 banks and other financial groups found that 2011 started with a degree of optimism for the commercial property lending market. But this changed dramatically during the second half of the year as the crisis surrounding the Eurozone and the sovereign debt of member states brought “extremely tough times” to the economy.

Banks still face a significant overhang of pre-recession property debt held on their balance sheets, it says, with approximately £51bn due to mature during 2012 and a total of £153bn – 72 per cent of outstanding debt – by year-end 2016.

Respondents also expressed concerns about how the Financial Services Authority (FSA) planned to implement ‘slotting’, which would introduce additional regulatory capital requirements to real estate lending, suggesting the consequences of the changes would be to reduce the volume and increase the cost of business.

Bill Maxted, author of the report, said: “The debt crisis is regarded as a real threat to asset values in the UK, and globally, and is a problem that has to be solved before national economies and lending markets can start to improve.”

Liz Peace, chief executive of the British Property Federation, said: “Lenders continue to chip away at this legacy of property debt but the economic situation – in the UK and overseas – means they do so with one hand tied behind their backs.

“These figures underline how important it is for the government to use all of the tools at its disposal to encourage new debt buyers into the market, and to urgently find new ways to encourage new investment and to spur economic growth.”

Click here to find out more.

Article source: http://www.hvnplus.co.uk/news/no-loans-for-speculative-office-projects/8630509.article?referrer=RSS

]]> http://www.plumbersin-reading.co.uk/heating-ventilation/no-loans-for-speculative-office-projects-4/feed/ 0 No loans for speculative office projects http://www.plumbersin-reading.co.uk/heating-ventilation/no-loans-for-speculative-office-projects-3/?utm_source=rss&utm_medium=rss&utm_campaign=no-loans-for-speculative-office-projects-3 http://www.plumbersin-reading.co.uk/heating-ventilation/no-loans-for-speculative-office-projects-3/#comments Sat, 19 May 2012 22:00:41 +0000 admin http://www.plumbersin-reading.co.uk/heating-ventilation/no-loans-for-speculative-office-projects-3/ 18 May 2012 | By Luke Cross

Not a single bank or lender that took part in the UK’s largest commercial lending survey would be prepared to lend against speculative development, it has been revealed.

The UK Commercial Property Lending Market report by De Montfort University, says progress has been made on commercial sector legacy debt, which dropped 6.8 per cent last year, from £228.1bn to £212.3bn. New lenders to the market also increased their market share to 8 per cent.

But the report says between £72.5bn and £100bn will struggle to be refinanced on current market terms when the debt matures as it has an LTV of over 70 per cent.

The survey also shows a continuing draining away of development finance, and reported that, for the first time, not one of the banks or lending organisations surveyed would be prepared to lend against a speculative office development.

The survey of 72 lending teams from 63 banks and other financial groups found that 2011 started with a degree of optimism for the commercial property lending market. But this changed dramatically during the second half of the year as the crisis surrounding the Eurozone and the sovereign debt of member states brought “extremely tough times” to the economy.

Banks still face a significant overhang of pre-recession property debt held on their balance sheets, it says, with approximately £51bn due to mature during 2012 and a total of £153bn – 72 per cent of outstanding debt – by year-end 2016.

Respondents also expressed concerns about how the Financial Services Authority (FSA) planned to implement ‘slotting’, which would introduce additional regulatory capital requirements to real estate lending, suggesting the consequences of the changes would be to reduce the volume and increase the cost of business.

Bill Maxted, author of the report, said: “The debt crisis is regarded as a real threat to asset values in the UK, and globally, and is a problem that has to be solved before national economies and lending markets can start to improve.”

Liz Peace, chief executive of the British Property Federation, said: “Lenders continue to chip away at this legacy of property debt but the economic situation – in the UK and overseas – means they do so with one hand tied behind their backs.

“These figures underline how important it is for the government to use all of the tools at its disposal to encourage new debt buyers into the market, and to urgently find new ways to encourage new investment and to spur economic growth.”

Click here to find out more.

Article source: http://www.hvnplus.co.uk/news/no-loans-for-speculative-office-projects/8630509.article?referrer=RSS

]]> http://www.plumbersin-reading.co.uk/heating-ventilation/no-loans-for-speculative-office-projects-3/feed/ 0 No loans for speculative office projects http://www.plumbersin-reading.co.uk/heating-ventilation/no-loans-for-speculative-office-projects-2/?utm_source=rss&utm_medium=rss&utm_campaign=no-loans-for-speculative-office-projects-2 http://www.plumbersin-reading.co.uk/heating-ventilation/no-loans-for-speculative-office-projects-2/#comments Sat, 19 May 2012 08:00:50 +0000 admin http://www.plumbersin-reading.co.uk/heating-ventilation/no-loans-for-speculative-office-projects-2/ 18 May 2012 | By Luke Cross

Not a single bank or lender that took part in the UK’s largest commercial lending survey would be prepared to lend against speculative development, it has been revealed.

The UK Commercial Property Lending Market report by De Montfort University, says progress has been made on commercial sector legacy debt, which dropped 6.8 per cent last year, from £228.1bn to £212.3bn. New lenders to the market also increased their market share to 8 per cent.

But the report says between £72.5bn and £100bn will struggle to be refinanced on current market terms when the debt matures as it has an LTV of over 70 per cent.

The survey also shows a continuing draining away of development finance, and reported that, for the first time, not one of the banks or lending organisations surveyed would be prepared to lend against a speculative office development.

The survey of 72 lending teams from 63 banks and other financial groups found that 2011 started with a degree of optimism for the commercial property lending market. But this changed dramatically during the second half of the year as the crisis surrounding the Eurozone and the sovereign debt of member states brought “extremely tough times” to the economy.

Banks still face a significant overhang of pre-recession property debt held on their balance sheets, it says, with approximately £51bn due to mature during 2012 and a total of £153bn – 72 per cent of outstanding debt – by year-end 2016.

Respondents also expressed concerns about how the Financial Services Authority (FSA) planned to implement ‘slotting’, which would introduce additional regulatory capital requirements to real estate lending, suggesting the consequences of the changes would be to reduce the volume and increase the cost of business.

Bill Maxted, author of the report, said: “The debt crisis is regarded as a real threat to asset values in the UK, and globally, and is a problem that has to be solved before national economies and lending markets can start to improve.”

Liz Peace, chief executive of the British Property Federation, said: “Lenders continue to chip away at this legacy of property debt but the economic situation – in the UK and overseas – means they do so with one hand tied behind their backs.

“These figures underline how important it is for the government to use all of the tools at its disposal to encourage new debt buyers into the market, and to urgently find new ways to encourage new investment and to spur economic growth.”

Click here to find out more.

Article source: http://www.hvnplus.co.uk/news/no-loans-for-speculative-office-projects/8630509.article?referrer=RSS

]]> http://www.plumbersin-reading.co.uk/heating-ventilation/no-loans-for-speculative-office-projects-2/feed/ 0 No loans for speculative office projects http://www.plumbersin-reading.co.uk/heating-ventilation/no-loans-for-speculative-office-projects/?utm_source=rss&utm_medium=rss&utm_campaign=no-loans-for-speculative-office-projects http://www.plumbersin-reading.co.uk/heating-ventilation/no-loans-for-speculative-office-projects/#comments Fri, 18 May 2012 17:36:54 +0000 admin http://www.plumbersin-reading.co.uk/heating-ventilation/no-loans-for-speculative-office-projects/ 18 May 2012 | By Luke Cross

Not a single bank or lender that took part in the UK’s largest commercial lending survey would be prepared to lend against speculative development, it has been revealed.

The UK Commercial Property Lending Market report by De Montfort University, says progress has been made on commercial sector legacy debt, which dropped 6.8 per cent last year, from £228.1bn to £212.3bn. New lenders to the market also increased their market share to 8 per cent.

But the report says between £72.5bn and £100bn will struggle to be refinanced on current market terms when the debt matures as it has an LTV of over 70 per cent.

The survey also shows a continuing draining away of development finance, and reported that, for the first time, not one of the banks or lending organisations surveyed would be prepared to lend against a speculative office development.

The survey of 72 lending teams from 63 banks and other financial groups found that 2011 started with a degree of optimism for the commercial property lending market. But this changed dramatically during the second half of the year as the crisis surrounding the Eurozone and the sovereign debt of member states brought “extremely tough times” to the economy.

Banks still face a significant overhang of pre-recession property debt held on their balance sheets, it says, with approximately £51bn due to mature during 2012 and a total of £153bn – 72 per cent of outstanding debt – by year-end 2016.

Respondents also expressed concerns about how the Financial Services Authority (FSA) planned to implement ‘slotting’, which would introduce additional regulatory capital requirements to real estate lending, suggesting the consequences of the changes would be to reduce the volume and increase the cost of business.

Bill Maxted, author of the report, said: “The debt crisis is regarded as a real threat to asset values in the UK, and globally, and is a problem that has to be solved before national economies and lending markets can start to improve.”

Liz Peace, chief executive of the British Property Federation, said: “Lenders continue to chip away at this legacy of property debt but the economic situation – in the UK and overseas – means they do so with one hand tied behind their backs.

“These figures underline how important it is for the government to use all of the tools at its disposal to encourage new debt buyers into the market, and to urgently find new ways to encourage new investment and to spur economic growth.”

Click here to find out more.

Article source: http://www.hvnplus.co.uk/news/no-loans-for-speculative-office-projects/8630509.article?referrer=RSS

]]> http://www.plumbersin-reading.co.uk/heating-ventilation/no-loans-for-speculative-office-projects/feed/ 0 FiT reductions postponed http://www.plumbersin-reading.co.uk/heating-ventilation/fit-reductions-postponed-2/?utm_source=rss&utm_medium=rss&utm_campaign=fit-reductions-postponed-2 http://www.plumbersin-reading.co.uk/heating-ventilation/fit-reductions-postponed-2/#comments Fri, 18 May 2012 08:30:53 +0000 admin http://www.plumbersin-reading.co.uk/heating-ventilation/fit-reductions-postponed-2/ 17 May 2012 | By Tom Fitzpatrick

Energy and climate change secretary Greg Barker has confirmed the government is planning to delays proposed cuts to Feed-in Tariffs in July.

The Solar Trade Association said this week that total installed capacity for the past four weeks was 17.4MW, against a four-weekly average of 71MW over the past year.

Further cuts were set to come into effect on 1 July after the protracted legal battle over cuts to FiTs announced in December were followed by new rates in April.

Energy and climate change secretary Greg Barker said on Twitter: “Having listened carefully to industry, we are looking at scope for pushing back a little the next proposed reduction in the solar tariffs.”

Responding to claims there would be more industry uncertainty, he added: “On the contrary,we are listening carefully to industry full details of new much improved FITs regime will be published v shortly.”

The STA has written to DECC calling for a delay in the July FiTs cuts. Chairman Alan Aldridge added: “The STA has been seeking to counter the public confusion around solar in a bid to reignite the market (the Feed-in Tariff offers a ROI today which is as good as when it was first launched), but this effort will take some time to translate into sales.

“There is no doubt that solar is in better shape now than last autumn, but we need the Government to allow the market to adjust to changing circumstances before introducing the next round of tariff cuts.”

Mr Barker also confirmed he had held talks with Prime Minister David Cameron and deputy Prime Minister Nick Clegg on the Green Deal.

He said: “Terrific meeting with PM DPM on [Green Deal] at No10. Strong support but lots more to do before launch in autumn, so full steam ahead!”

Click here to find out more.

Article source: http://www.hvnplus.co.uk/news/fit-reductions-postponed/8630460.article?referrer=RSS

]]> http://www.plumbersin-reading.co.uk/heating-ventilation/fit-reductions-postponed-2/feed/ 0 FiT reductions postponed http://www.plumbersin-reading.co.uk/heating-ventilation/fit-reductions-postponed/?utm_source=rss&utm_medium=rss&utm_campaign=fit-reductions-postponed http://www.plumbersin-reading.co.uk/heating-ventilation/fit-reductions-postponed/#comments Thu, 17 May 2012 20:17:21 +0000 admin http://www.plumbersin-reading.co.uk/heating-ventilation/fit-reductions-postponed/ 17 May 2012 | By Tom Fitzpatrick

Energy and climate change secretary Greg Barker has confirmed the government is planning to delays proposed cuts to Feed-in Tariffs in July.

The Solar Trade Association said this week that total installed capacity for the past four weeks was 17.4MW, against a four-weekly average of 71MW over the past year.

Further cuts were set to come into effect on 1 July after the protracted legal battle over cuts to FiTs announced in December were followed by new rates in April.

Energy and climate change secretary Greg Barker said on Twitter: “Having listened carefully to industry, we are looking at scope for pushing back a little the next proposed reduction in the solar tariffs.”

Responding to claims there would be more industry uncertainty, he added: “On the contrary,we are listening carefully to industry full details of new much improved FITs regime will be published v shortly.”

The STA has written to DECC calling for a delay in the July FiTs cuts. Chairman Alan Aldridge added: “The STA has been seeking to counter the public confusion around solar in a bid to reignite the market (the Feed-in Tariff offers a ROI today which is as good as when it was first launched), but this effort will take some time to translate into sales.

“There is no doubt that solar is in better shape now than last autumn, but we need the Government to allow the market to adjust to changing circumstances before introducing the next round of tariff cuts.”

Mr Barker also confirmed he had held talks with Prime Minister David Cameron and deputy Prime Minister Nick Clegg on the Green Deal.

He said: “Terrific meeting with PM DPM on [Green Deal] at No10. Strong support but lots more to do before launch in autumn, so full steam ahead!”

Click here to find out more.

Article source: http://www.hvnplus.co.uk/news/fit-reductions-postponed/8630460.article?referrer=RSS

]]> http://www.plumbersin-reading.co.uk/heating-ventilation/fit-reductions-postponed/feed/ 0 Carillion to cut 1,400 jobs following FiT fiasco http://www.plumbersin-reading.co.uk/heating-ventilation/carillion-to-cut-1400-jobs-following-fit-fiasco-2/?utm_source=rss&utm_medium=rss&utm_campaign=carillion-to-cut-1400-jobs-following-fit-fiasco-2 http://www.plumbersin-reading.co.uk/heating-ventilation/carillion-to-cut-1400-jobs-following-fit-fiasco-2/#comments Thu, 17 May 2012 07:25:22 +0000 admin http://www.plumbersin-reading.co.uk/heating-ventilation/carillion-to-cut-1400-jobs-following-fit-fiasco-2/ Restricted Content – simply register for free to view

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Article source: http://www.hvnplus.co.uk/news/carillion-to-cut-1400-jobs-following-fit-fiasco/8630273.article?referrer=RSS

]]> http://www.plumbersin-reading.co.uk/heating-ventilation/carillion-to-cut-1400-jobs-following-fit-fiasco-2/feed/ 0 Carillion to cut 1,400 jobs following FiT fiasco http://www.plumbersin-reading.co.uk/heating-ventilation/carillion-to-cut-1400-jobs-following-fit-fiasco/?utm_source=rss&utm_medium=rss&utm_campaign=carillion-to-cut-1400-jobs-following-fit-fiasco http://www.plumbersin-reading.co.uk/heating-ventilation/carillion-to-cut-1400-jobs-following-fit-fiasco/#comments Wed, 16 May 2012 18:55:57 +0000 admin http://www.plumbersin-reading.co.uk/heating-ventilation/carillion-to-cut-1400-jobs-following-fit-fiasco/ Restricted Content – simply register for free to view

Simply register for free to read the entire article and to gain access to other restricted areas of the website

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Article source: http://www.hvnplus.co.uk/news/carillion-to-cut-1400-jobs-following-fit-fiasco/8630273.article?referrer=RSS

]]> http://www.plumbersin-reading.co.uk/heating-ventilation/carillion-to-cut-1400-jobs-following-fit-fiasco/feed/ 0 H&V News Awards winners http://www.plumbersin-reading.co.uk/heating-ventilation/hv-news-awards-winners-25/?utm_source=rss&utm_medium=rss&utm_campaign=hv-news-awards-winners-25 http://www.plumbersin-reading.co.uk/heating-ventilation/hv-news-awards-winners-25/#comments Wed, 16 May 2012 06:25:18 +0000 admin http://www.plumbersin-reading.co.uk/heating-ventilation/hv-news-awards-winners-25/ 2 May 2012

Details and pictures of all 19 winners from the HV News Awards 2012 can now be viewed here

The HV News Awards 2012 is supported by headline sponsor Pipe Center

Pipe Center logo

Click here to find out more.

Article source: http://www.hvnplus.co.uk/news/hv-news-awards-winners/8629940.article?referrer=RSS

]]> http://www.plumbersin-reading.co.uk/heating-ventilation/hv-news-awards-winners-25/feed/ 0 H&V News Awards winners http://www.plumbersin-reading.co.uk/heating-ventilation/hv-news-awards-winners-24/?utm_source=rss&utm_medium=rss&utm_campaign=hv-news-awards-winners-24 http://www.plumbersin-reading.co.uk/heating-ventilation/hv-news-awards-winners-24/#comments Tue, 15 May 2012 17:33:56 +0000 admin http://www.plumbersin-reading.co.uk/heating-ventilation/hv-news-awards-winners-24/ 2 May 2012

Details and pictures of all 19 winners from the HV News Awards 2012 can now be viewed here

The HV News Awards 2012 is supported by headline sponsor Pipe Center

Pipe Center logo

Click here to find out more.

Article source: http://www.hvnplus.co.uk/news/hv-news-awards-winners/8629940.article?referrer=RSS

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