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The debt isn't the problem. The paperwork is.
Half-built schemes lose more value to missing paperwork than to the debt itself. When compliance evidence is missing, the fix isn't a valuation, it's re-measuring what's actually built, proving it, and pricing what it costs to finish.

Joe Garner MRICS
3 days ago5 min read


The tax that penalises work on existing homes
A 20 per cent charge sits on almost every extension, rewire, re-roof, damp repair and loft conversion carried out on the 29 million homes we already have. This is a decision, and it is the most distorting feature of the tax system as it applies to the built environment. The anomaly is simple. Demolish a house and build a new one, and the work is zero-rated, with VAT on inputs recovered in full. Repair, extend or retrofit that same house, and it's taxed at 20 per cent, with th

Joe Garner MRICS
Aug 44 min read


Who's actually commissioning the next decade of housing
Andy Burnham has promised Britain's biggest council housebuilding programme since 1945. That is the headline everyone has taken from his first week in office, and it is worth pausing on the word "council," because it points to a shift in who commissions housing in this country, not just how much of it gets built. For most of the last two decades, private housebuilders have set the pace. They chose the sites, ran the programmes, and instructed the consultants. Councils and reg

Joe Garner MRICS
Jul 222 min read


What Changes When the Prime Minister Does
Keir Starmer resigned this morning. Andy Burnham is now the overwhelming favourite to replace him and could be in office within weeks. For those working in development, cost consultancy and investment, it is worth being clear about what that means commercially. Burnham is not anti-development. His record in Greater Manchester is evidence enough: house prices rose 63% over the past decade against London's 7%, and major schemes like Victoria North and Mayfield were delivered on

Joe Garner MRICS
Jun 222 min read


The Initial Review Is Where Good Monitoring Earns Its Fee
Most people assume the value in project monitoring shows up when something goes wrong. A contractor in difficulty, a programme slipping, a cost plan that no longer adds up. That is when the reports matter, obviously. But the work that makes those reports useful happens much earlier. The initial review is the part we take most seriously. A drawdown pack arrives, often with pressure to turn it quickly, and the temptation is to skim, tick the boxes and move on. We do not do that

Joe Garner MRICS
Jun 152 min read


£500m to Unlock Section 106, But Money Was Never the Whole Problem
NatWest's £250m Section 106 loan fund, matched by Homes England, takes the total available for S106 acquisitions to £500m. It is good news for a market that has badly needed it. Around half of England's affordable housing is delivered through the S106 cross-subsidy model. When registered providers stopped buying, whole sites stalled. Private plots sat behind unsold affordable phases, and housebuilders mothballed schemes that were viable on paper but couldn't clear the afforda

Joe Garner MRICS
Jun 113 min read
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