Posts Tagged ‘developing’
Do you need to consider a Contractor Mortgage?
The following article has been submitted for publication by Rob Turner of Contractor Mortgages Made Easy. Walker Fox have no affiliation with Contractor Mortgages Made Easy and this article is published entirely for information purposes only and should not be considered as financial advice or otherwise.
What is a contractor mortgage?
Obtaining a mortgage in recent years has become increasingly difficult for a variety of different people. With so many people applying for loans, all of which possess different economic situations, many lenders have begun to recognise the need for a variety of different mortgages, so that an array of people are able to obtain the right mortgage for them.
A group of people that often struggle to obtain a mortgage more than any other group is contractors and often the only and best option available to contractors is a contractor mortgage. A contractor mortgage is considered by lenders as a ‘prime rate’ mortgage product that includes bespoke underwriting. Essentially this means that a mortgage lender will carefully and thoroughly assess a contractor’s application on an individual basis rather than a ‘one fits all’ mortgage offered to other borrowers.
There are a range of different factors that are considered by lenders for each individual borrower, these factors include the contract rate of the contractor. The current retained profits of the individual. Also the duration of existing contracts held by the borrower and the length of time an individual has been a contractor or freelancer. All of these factors essentially assess a contractor’s financial stability, job stability, current assets as well as assess a number of other aspects of an individual’s employment.
A large number of people can apply for a contractor mortgage because many lenders do not have a set of criteria for this type of mortgage. In fact many people will be surprised at the variety of mortgage products available for this type of mortgage, for example first time buyers or those with an adverse credit rating may benefit from choosing a contractor mortgage. Although, contractor mortgages are often only recommended to contractors and the self-employed as it offers these individuals the most benefits.
While there are a number of other alternatives for contractors and certain contractor mortgages can be difficult to obtain, most lenders who offer this option strongly recommend it as it can offer the most benefits to self employed individuals.
Contractor Mortgages Made Easy is a trading name of Mortgages Made Easy Limited.
Authorised and regulated by the Financial Services Authority (FSA reg. 414798).
Registered in England No. 4886692 Registered Office: 9 London Road, Southampton SO15 2AE.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Please be aware that Buy To Let, Commercial Mortgages and Overseas Mortgages are not regulated by the Financial Services Authority.
Walker Fox Ltd are Commercial Management & Property Consultants who act for property investor clients in and around Wakefield, West Yorkshire.
Please leave a comment if you have enjoyed the article or contact Walker Fox on 01924 896190, via email info@walkerfox.co.uk, Skype: walkerfox or connect on Twitter@walkerfox
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Does your tenancy agreement give you confidence?
Tenancy agreements are important. They make it clear what you expect from your tenant and when they sign the dotted line you have a contract stipulating they will abide by the rules you have set down. That’s the theory.
In reality tenancy agreements sometimes have the amazing ability to stretch wide enough for your tenant to drive a coach and horses through them. No pets? One landlord managed to evict a problem tenant only to find he had left a very large snake behind and although it is understood that your property should not be used for illegal purposes it is astonishing just how much cannabis is grown and just how many brothels spring up in rented properties.
So I ask a simple question, “does your tenancy agreement give you the confidence or would you like to know more about your next tenant before you get them to sign?”
TenantID is a nationwide database which can tell you at the touch of a button whether the person wanting to rent your property is a safe proposition or has a track record of trouble. The information is provided by people like you and the aim is to create a nationwide network of people in the lettings industry sharing information to protect one another from rogue tenants. If someone has used your flat as a drugs factory or an animal sanctuary you can let colleagues know that the tenant breached their tenancy agreement and hopefully prevent someone else from making an expensive and stressful mistake
To find out how you can join the TenantID network and make informed choices about your future tenants visit www.tenantID.co.uk today and register for FREE.
Five Towns Regeneration – Spotlight on Castleford Property Investment
Five Towns Regeneration
Covering the areas of Castleford, Pontefract, Knottingley, Featherstone and Normanton. The aim of the team is to work in partnership with local communities, businesses, developers and voluntary groups to deliver quality regeneration schemes which will inspire and encourage new investment into the five towns area.
The regeneration of the five towns evolved from a piece of work established by Yorkshire Forwards’ Urban Renaissance Initiative. A team from the local community including MP’s Councillors, key stakeholders, groups and individuals, and chaired by Councillor Peter Box, the leader of the Council prepared a vision for a renaissance for the 5 Towns area over the next 25 years.
Castleford Bridge
The award-winning Castleford footbridge was completed summer 2008 and forms a key part of major ongoing regeneration in the town.The bridge has become a icon – not just within the community but across the country and a string of subsequent prestigious awards is further proof of that.
The £4.8m bridge, funded by Wakefield Council, Yorkshire Forward and English Partnerships, has created a safe, new pedestrian route uniting the north and south of the Castleford’s riverside community connecting Aire Street to Mill Lane.
It was designed by Renato Benedetti of McDowell and Benedetti and forms part of the wider plan to regenerate Castleford and draw in more investment.
The bridge has scooped a range of top awards in 2009 including:
A Civic Trust Special Award for Partnership, recognising the close involvement of the community in the planing and delivery of the project.- A national Waterways Renaissance Award in the community category.
- A Royal Institution of Chartered Surveyors Pro-Yorkshire Award for Community Benefit 2009.
- Regeneration and Renewal Community Award.
The bridge was also shortlisted for the prestigious Sterling Prize.
Former C6 Solutions Chemical Plant
Following the closure of C6 Solutions chemical plant in 2005, this large site close to Castleford town centre was purchased by Paloma. This property development group is looking to create a mixed use development to complement other regeneration projects in Castleford.
The aim as set out in the masterplan is to create a development that is at the heart of Castleford’s regeneration that will be a key exemplar of what a sustainable community should be:
- A vibrant and green place to live
- A positive contributor to the perception of Castleford
- Encourages creativity and self discovery for each and every member of the community
Key concepts that underlie the developed masterplan include:
- Creating a strong urban structure that ties into the urban townscape
- Utilising and maximising the river and canal frontage
- Developing a network of interlinked open spaces that create ecological corridors for wildlife
- Creatively looks at development densities
- Providing facilities for both existing and new communities
- A strong design concept that calls on the history and character of the local area for its inspiration
- Developing the street and public realm to ensure that cyclists and pedestrians take precedence over cars
- The best practice in terms of urban design
Paloma have appointed a team of consultants to examine the site constraints and potential for regeneration. The team is made up of:
- The Planning Consultancy – planning advisors
- Taylor Young – urban design/master planning
- Encia - remediation specialists
- JBA Consultancy – flood risk accessors
- Hepworth Acoustics – acoustic specialists
- Penny Anderson Associates – ecological consultants
- Bryan G Hall – transport & highways matters
- C B Richard Ellis – Investment Analysts
Selective demolition of the industrial infrastructure has already taken place and an outline planning application is currently being considered.
Castleford Bus and Rail Interchange
Wakefield Council is working in partnership with METRO to deliver a new bus rail interchange in Castleford.
This will be sited on land next to the existing railway station in Castleford.
The new interchange is part of a package of transport improvement works within Castleford Town Centre and will help create an improved gateway into Castleford Town Centre.
The modern design will create a contemporary enclosed concourse with a travel centre sales kiosks and waiting area for trains and buses. The concourse will be staffed, with the benefit of monitored CCTV coverage.

More information about the new interchange, with artists impressions, can be found on the Metro website
Related articles
- Castleford sell ground for £50m (bbc.co.uk)
- £14.3m drive for work go-ahead on new transport interchange (yorkshirepost.co.uk)
Dial or Delete
Is your bottom drawer full of business cards that you have collected over the years? contacts that you have never followed up?
Business Cards
Business shouldn’t be a chore, it should be enjoyable and you should be working with, selling to, buying from and generally networking with people who you like as a person and generally get on with. Therefore, try this concept out.
“Dial or Delete”
Systematically work through those business cards (or your mobile phone contacts) and ring each person. If you don’t know who they are or feel that you can’t ring them then the answer is to delete them from your list of contacts. This will allow you to focus on people who you know, like and trust. If you have a ‘hole’ in your contacts list then get in touch with someone in your network and share contacts, its that easy!
If you enjoyed this article and would like to leave a comment, please do so….
Rob
Commercial Management & Property Consultant,
Wakefield, West Yorkshire
Please visit my website, read the property blog & leave a comment; www.walkerfox.co.uk
E: rob@walkerfox.co.uk M: 07960 753550 T: @walkerfox S: Walkerfox
Article inspired by Brad Burton (@bradburton) Managing Director of 4Networking who gave a brief address at the 4Networking event, The Quadrant, Sheffield on Wednesday 23 February 2011






























