Brownfields to yield 1 million homes

1 milion opportunities for developers

Through some detailed analysis of local council’s Brownfield registers the Council for the Protection of Rural England (CPRE) has discovered sites with the potential to build 1 million new homes lying vacant and unused across England.

Identifying as much as two thirds of this land as ready to develop the opportunities are ready and waiting for developers to seize the opportunity.

With funding available for sites of all shapes and sizes, there’s no reason for developers not to look to their future and get building.

Here at Acorn finance we’re working with a variety of developers working with traditional construction methods and more modern styles, producing passive homes in some cases using poured concrete build methods.

The CPRE has found space for 37,000 homes in Enfield alone, being so close to London this is prime space, and with average house prices at £460,000 and flats averaging more than £300,000 there could be a total value in the region of almost £14,000 million in this one borough alone.

Even developers fully committed elsewhere are in a position to acquire sites with our bridging lenders or joint venture funding options.

Currently there is no government policy to prioritise brownfield sites but this could mean that where a site is identified there will be less competition from large, national developers.

Contact our London and South East office on 0203 923 3664

Sources:

The Independent

The Council for the Protection of Rural England

August rates update

get paid faster £5 invoice finance from acorn finance
  • Minimum income and credit history requirements apply
  • UK residents only
  • Must be a property owner
  • First-time landlords accepted
  • Minimum property value £75,000
  • No minimum income
  • Flexible credit history requirements
  • UK residents only
  • Must be a property owner
  • First-time landlords accepted
  • Minimum property value £50,000
  • No minimum income
  • Flexible on credit history
  • UK residents or Expats
  • First-time buyers accepted
  • Minimum loan £25,000
  • Company should be SPV
  • All directors/shareholders will be underwritten
  • Transfers into company considered
  • First-time landlords accepted
  • Minimum property value £75,000Minimum income and credit history requirements apply
  • 3 years BTL experience required (or 2 years HMO)
  • Must be a property owner
  • Multi-unit blocks up to 10 self contained units.
  • Minimum property value £100,000 (outside London)
  • Minimum income and credit history requirements apply
  • UK residents only
  • Must be a property owner
  • Must be established holiday let
  • Minimum property value £50,000Experience required
  • Lower rates for lower loan percentages
  • Flexible around applicant detailsUp to 100% Loan to Value for the right case
  • Rates from only 2.0% + Base Rate
  • History required (accounts)
  • Good profile required
  • Up to 75% Loan to Value
  • Rates depend on amount of adverse
  • Flexible underwriting to suit your circumstances
  • Fast completion!
  • Up to 75% Loan to Value
  • Rates from 2% plus base rate
  • Flexible underwriting to suit your circumstances
  • Most business tenant types approved
  • Severe adverse credit
  • No proof of funds
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  • Residential property only
  • Efficient process and underwriting
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  • 6 months at 0.65% per month
  • Residential property only – Specialist below market value/off-market lender
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  • UK or international suppliers or customers
  • Stock or cashflow loans considered
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  • 3 – 5 year terms
  • Monthly repayments
  • 98% approval rate
  • Common sense UK lender

Refurbishment opportunities

1 bedroom house for sale Pindock Mews, Maida Vale, London, W9

Property opportunities – refurbishments

Some interesting properties appear on the market from time to time, here are a couple of interesting properties the acorn.finance team have spotted over the last couple of weeks; Here at acorn.finance we love helping property professionals, both experienced and aspiring to achieve their dreams.  We have access to more than two hundred lenders with differing specialisms.  That means that we’ll help you to find the best buy to let deal to grow your portfolio or get you started with refurbishment funding of up to 90% of the purchase price of a unit. You don’t have to be spending £2.5m or buying an old manor house, acorn.finance have worked with everything from terraced houses and single apartments through to commercial and large mixed investments. Our experts will take the time to understand your needs and longer term ambitions before partnering you with a lender who perfectly fits and will work with you for a prosperous future

£2.5m for a “crumbling one-bedroom property”?

Live like Sid & Nancy!

Rightmove are listing this property from Lurot Brand – described as “beautifully derelict” the house is in need of total and complete renovation – probably removing everything behind the façade and rebuilding from scratch.

But £2.5m for a renovation project?

It’s all about location, location, location for this one;

Pindock Mews connects Warwick Avenue and Castellain Road and is comprised of a mix of large residential mews houses and smaller quality business premises, predominantly in the creative sector. It has also had its fair sprinkling of celebrity residents over the years including musicians like Boy George and Marilyn as well as Janet Street Porter, Tony James of Sigue, Sigue Sputnik but none so famous, or even infamous, as The Sex Pistol’s late front man Sid Vicious and his girlfriend Nancy Spungen.

Is it worth it?

A property like this for £2.5m doesn’t come up every day but the value post refurbishment could easily reach £4m, after a build cost of only £700k.  I’ll let you judge the rest for yourself.

The Manor that time forgot

Lord of your own manor?

At the other end of the scale is this classic 18th century manor house in Stourbridge – at a bargain price of £350,000.

How is that possible?

This 4 bedroom manor, with it’s palatial kitchen and 49 seat private cinema (yes, really) is slap bang in the middle of a suburban housing estate!

£350,000 – seriously?

Again – it’s all about location, location, location and the setting here is probably not doing the sellers any favours.  It’s got to be worth a look though – again, it’s on Rightmove – of course.

7 tips for the self employed needing a mortgage

Acorn.finance work with professional partners to get you the best mortgage deal for your circumstances.

For us self employed and small business owners the recession has left us with a particular headache which is not business related, the withdrawal, almost completely of the self-certified mortgage.

So how can you improve your chances of getting a mortgage?

Lenders don’t like surprises or having to understand complex situations.  Keep it simple and don’t make changes to your business model (like incorporating) just before you apply.

Talk to a mortgage broker before you start and get an understanding of what’s affordable. That way you can maximise your deposit and get the best deal for your money.

If you can increase your deposit into the next band you’ll have many more options available.

Although this might seem odd, if your partner is employed it might make sense for them to be the first applicant, this can give more options.  Talk to your broker about it!

Lenders each have their own specialisations and criteria. Just like the commercial market a rejection from one is not the end of the world, your broker will be able to look at the reasons for rejection and help find the right lender for you.

Just like acorn.finance for your business, your mortgage broker needs to be a trusted member of your team.  Find a good one and keep hold of them for the future.

How to write a business plan 2

Starting your business plan

How to write a business plan (part 2)

Getting started with your business plan

Start your business plan away from your computer!

Most business owners (myself included) have a tendancy to sit down at the computer and start to write a document from the beginning, so, starting with the executive summary and work through to the end.  Once the plan is finished you are so sick of it receives the swiftest of re-reads to check grammar but no full edit and revise process.

The result is often a disjointed and somewhat mediocre business plan.

Follow our simple process to write your own killer business plan.

1 – Brainstorm

Grab a large piece of paper and a packet of post-it notes

Start jotting ideas down to cover as many of the following as you can;

  • What will we sell?
  • Who will we sell to?
  • Why will they buy from us?
  • How will they buy from us?

With these key themes start to “work outwards” from each section header – this will help you to develop your ideas.

  • Describe the products, pricing, supply chain and selling prices.
  • Will there be a wide range of products or a limited and specialist offering?
  • What is your geographical catchment?
  • What is your ideal customer, are there many of them are there in your catchment area?
  • Is there more than one sub-category here?
  • Why will our customers come to us rather than the competition
    • Who is the competition?
    • What are our unique selling points?
    • A SWOT (Strengths, Weaknesses, Opportunities & Threats) analysis of the competition might help here.
  • How will the sale be transacted?
    • Online or bricks and mortar?
    • Advice or “allowing the customer to chose”?
  • Will your business be easy to find?
  • What will the customer experience be like?

There are many more points here but this will get the plan started and some ideas on paper.

How to write a business plan

writing your business plan

How to write a business plan (part-1)

The first stage for anyone purchasing or starting a new business should always be a business plan.  In this short series of articles we will explore the common areas which should always be included in your business plan and other sections which you might choose to include.

There are a great many resources available on the web – we will provide links to the most useful we can find.

Why should your business have a business plan?

A business plan helps you to:

  • Clarify your business idea.
  • Spot potential problems.
  • Set out your goals.
  • Measure your progress.

Top Tips


Be concise


It’s really important that potential investors can understand what your business is all about from a quick glance at your plan. Make sure you include a summary of your business, and how it will make money right from the start, and use simple language throughout.

Be specific


Being specific is just as important as being concise. The details will help you drill down into how you will actually deliver your plan.

Know your market


A big part of knowing whether your business will be successful is understanding your audience. Make sure your plan is clear about your target market – who will you be selling to and how many other companies are already selling similar products?

Know your finances


The other essential part of a business plan is the finance section. If your business isn’t going to make any money, it won’t be successful so you need to be very clear on how you will make a profit.

Use it to your advantage –  your plan will be incredibly useful when it comes to securing loans and investment, but that’s not its only use. It’s also a personal tool to help you understand your objectives.