CCR Magazine

You are here  :Home arrow News arrow Land and New Homes proposition to provide new property boost
Contact Us Newsletter Signup RSS Feeds

Latest News Headlines


Commercial Credit News


Land and New Homes proposition to provide new property boost PDF Print E-mail
Tuesday, 31 March 2015

With a General Election just around the corner and all political parties talking about a new homes shortage nationally, The Nottingham Building Society (The Nottingham) has announced a plan to help property developers fund and sell housing developments.

The Nottingham’s Land and New Homes proposition will enable a house building boost by giving experienced property developers in its Central England heartland support in creating new residential developments.

This will involve the Society not only providing Development Finance of between £250,000 and £2.5m to developers but also selling all completed properties through its network of Nottingham Estate Agency and Harrison Murray estate agencies.

Department for Communities and Local Government statistics show that in 2007 there were 219,070 new homes built in the UK whereas by 2014 the figure had fallen to just 141,000, leaving a well-publicised shortfall in supply and demand. Back in 1970 the number of new homes built was 378,320.

And in research conducted by the Building Societies Association, nine out of every ten people said they felt more than 10% of the country should be ‘urban’ (housing, gardens, train lines and parks), when in reality just 7% of the UK is.

The Nottingham’s Chief Operating Officer, Simon Taylor, says: “It’s well known that there are not enough new housing developments being built and that is leading to a serious shortage of homes in some areas.

“As a mutual society we started out over 160 years ago helping our members to build their own home. Therefore it’s in our ethos to not only help customers save and plan for the future financially but also to help them with home buying - in many cases for the very first time - through our estate agency services.

“So it is a natural step forward to support developers in getting their proposed developments off the ground and helping sell those homes once they are built, via our estate agency network.

“We are looking forward to working alongside developers and playing our part in giving house building a much needed boost.”

With competitive interest rates and fees, and the support of a team of experts, The Nottingham’s Development Finance initiative is designed to support house builders across the entire development process.

Property developers wanting to find out more about Land and New Homes can do so by contacting New Business Manager (Land and New Homes) Charlie Green (see below) on This e-mail address is being protected from spam bots, you need JavaScript enabled to view it Specific Development Finance queries should be directed to This e-mail address is being protected from spam bots, you need JavaScript enabled to view it

(Source - The Nottingham Press Release)


 Forums International Ltd

Forums International Ltd

 Attendance at your first meeting is free of charge, and please quote reference 'CCR2016' to receive the special 10% discount off of your first annual subscription.

Find out more here.

latest issue

CCR Cover

The latest edition of CCR Magazine, the leading editorial publication in the UK credit industry, is out.

Read the latest issue online


CCR is the premier magazine for consumer and credit professionals. It provides an independent voice to the industry, breaking major news stories and running in-depth features.

As a magazine, it works with and campaigns on behalf of the credit industry to promote its importance as a centre of potential profit and business development to the wider business world.

Subscribe to CCR Magazine

CCR World Magazine


Providing information and analysis for thousands of senior credit professionals worldwide, every quarter.

Find out more

GTS Media Ltd
81 Cambridge Road

Registered in England No: 05483197