Nationwide HPI data: first MoM fall since June 2015

Nationwide HPI data released today shows prices falling month-on-month for the first time since June 2015. Commenting on the Nationwide House Price Index data released today, Sundeep Lakhtaria, Director at leading residential financier Urban Exposure said: “The slowdown seen in the latest figures from Nationwide chimes with recent data which revealed a fall in mortgage approvals in ...

SPRING BUDGET REACTION

Commenting on the UK Budget announcement earlier today, Randeesh Sandhu, CEO of leading residential financier Urban Exposure said:  “It was slightly disappointing, if not overly surprising, not to hear more from the Chancellor on housing in his Budget statement. With details of the Housing White Paper only announced last month, we will be looking closely ...

URBAN EXPOSURE FINANCES FIRST BIRMINGHAM PROJECT

Urban Exposure announces that it will provide a senior debt facility for the development of 170 apartments in the Digbeth regeneration area of Birmingham city centre. The completed development called St Anne’s Court will have a gross development value (GDV) of over £30 million and supports Urban Exposure’s regional lending strategy to lend in cities ...

CML Mortgage lending figures hold up

The CML figures out today estimate that gross mortgage lending has reached £18.9bn in January, 6% lower than December’s lending total of £20bn. However, it is 2% higher than the £18.6bn lent in January last year and is the highest lending total for a January since 2008 (£25.2bn).  Sundeep Lakhtaria, Director at Urban Exposure comments ...

January Construction PMI Data: Construction Activity slows down

Corry Bourke, Director at Urban Exposure, the residential development finance provider comments: “Construction activity is showing signs of a slowdown following the post referendum recovery. Since September, construction activity has remained relatively strong despite the strong headwinds following the referendum result. However, we must remain cautious and remember that we haven’t even started the process ...

Higher capital requirements encourage prudence from banks in development lending market

Ravi Takhar, Chairman of Urban Exposure, commented on the changes to rules governing residential development lending by smaller banks: “Higher capital requirements encourage prudence, which must be seen as a positive for the market as a whole. Fundamentally, this should help avoid more aggressive lending by banks in the development finance market. Banks have historically ...

UK SME DEVELOPER SURVEY RESULTS: Confidence in availability of finance in the event of “Hard” or “Soft” Brexit

Though what Brexit actually means is still up for debate: Show House, in collaboration with Urban Exposure, launched a survey recently which asked property developers what a hard or soft Brexit means for housebuilding. Our key findings indicate that expectations are tha a “hard Brexit” would slow housebuilding. The biggest cause for concern is the ...

Akshaya Patra: An update from some of the schools you helped to support

We’re delighted to share this letter from Akshaya Patra, Urban Exposure’s corporate charity. The update is from three schools generously supported through the sponsorship of  Karen’s Marathon in April 2016 by Urban Exposure’s personal and business community: Schools Update for Urban Exposure Ahmedabad, Gujarat January 2017  Your very generous partnership is enabling us to serve an inspirational number of children at ...