Join Alex Hammond – Director, SquareOne Media, Jamie Pritchard – Director of Sales, Glenhawk and Jo Logan – bridging and development specialist, Brightstar Financial, as they discuss how changes to Permitted Development Rights (PDR) have created opportunities for property conversions without lengthy and uncertain traditional planning processes.
The group agrees that this has come at a great time for a number of reasons; the impact of COVID-19 has unfortunately led to more commercial stock being available as businesses have struggled to stay afloat and these changes could help revive UK high streets which have suffered as a result.
There is also a chronic housing shortage in the UK which could be helped by a simpler process of converting commercial properties into residential ones. And as PDR helps make conversion projects faster and simpler, it will help attract new investors who may have previously been put off by complicated planning applications or those who are looking for new sources of income. Whether you are familiar with PDR or not, it’s one you won’t want to miss. As the experts agree, everyone can benefit from these changes, as a broker it’s all about finding the right partner to work with to get the best solution for your client.
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