Majority of Brits to spend time in the garden this weekend

According to a new survey of 1,013 UK homeowners carried out by interiors retailer, Furniture123.co.uk, has revealed that after neglecting their gardens during the winter months, 68% of Brits will venture out into their outdoor spaces this week to prepare their gardens for the summer season ahead. Hosting BBQs and outdoor gatherings was found to top the list of reasons why Brits plan to focus their efforts on upgrading their garden, this weekend (42%). Renovating the space to allow their children to play…

Paragon announce new mortgage lending up 23%

Paragon has announced that it has grown total mortgage lending by 23% to £721m in the six months to 31 March 2018 compared to the same period last year. This strong growth was underpinned by a 21% increase in its well-established buy-to-let lending which increased to £671 million. Half-year results published today highlight a marked shift towards a concentration of buy-to-let activity among more professional investors, with the proportion of advances made to corporate and complex landlords in the first six months reaching…

How far would you go to get your offer accepted?

There’s no denying it, homebuyers face an emotional rollercoaster when it comes to finding the right property. You can spend months searching for a property that ticks all the right boxes, so when you eventually find one, the priority is making sure your offer is accepted. Propertymark asked its members to reveal the extravagant things they have seen buyers do over the years to secure their dream home. Porsche plea One potential buyer was worried a sale wouldn’t be accepted at the…

UKGBC & Innovation Gateway join forces to boost innovation in the built environment

The UK Green Building Council (UKGBC) and Innovation Gateway have today announced a strategic partnership. The arrangement will see the two organisations working together to drive and embed innovation for a sustainable built environment. Key objectives for the strategic partnership include plans to: • Increase the number of organisations making a formal commitment to source and adopt sustainable innovations • Drive awareness of high impact innovations, along with improving the capability to source, select and apply them• Capture and share success stories…

Mint announce new auction product

Bridging lender, Mint Bridging announces today that it has developed an auction product with rates from 0.45% per month. It is available for purchases of houses, flats and commercial properties. The product is available for LTV’s of up to 70%. Terms are 1-12 months and it carries a maximum loan size of £3m. This new product is open to new and existing introducers. Andrew Lazare, Managing Director, elaborated: “Building on our ongoing success with developing handcrafted loans, we looked at how we could…

Landlords warned to be prepared for GDPR

Landlords are being warned to prepare for the complexities of the new data protection rules, the General Data Protection Regulations (GDPR), coming into force this Friday (25th May). Landlords provide a service so they must comply like anyone in business. According to analysis by the Residential Landlords Association (RLA) landlords will have to identify the correct legal gateway to allow them to hold and use data, including about their tenants. This may then need to be shared with 24 different categories of organisations and…

Poolside property premiums push prices up 26%

The UK is currently in a (very welcome) period of hot weather. Brilliant isn’t it. And with another hot bank holiday coming up, many of us will of course be complaining that it’s now too hot and looking to cool off. Such is the British way. However, large numbers of homeowners who are lucky enough to live in close proximity to one of the UK’s outdoor pools are paying up to 26% more on average for a property, with the highest premium reaching 76%…

In the Spotlight with Michelle Niziol

We caught up with Michelle Niziol, CEO of IMS Property Group PR: How did you get into the property industry? MN: I have always been passionate about property. I trained as a mortgage adviser and opened my own mortgage brokerage in 2005, winning several industry awards since. In 2015, I launched a sales and lettings business in Bicester, Oxfordshire, expanding into property buying and investment, and most recently launching a property and mortgage service for high net worth individuals including sports personalities and…

Savvy millennials tweak spending habits to get on the property ladder

New data from MoneySuperMarket has revealed that millennials are not as green as they are avocado looking. Growing numbers are making tactical changes to their financial behaviour to help them get on the housing ladder with their first mortgage. According to the report, over a fifth of 18-24 year olds admit to changing their money habits to present themselves as financially responsible, compared to just nine per cent across all age ranges. With the competitive summer house-buying period coming up, and the average…

UK Finance: The end of the North South divide?

“The once untouchable market has become a victim of its own extraordinary success” The latest data and analysis from UK Finance has revealed that as well as the highly publicised slide in house prices in the capital, FTB and homemover mortgages were also down in Q1. However, it wasn’t all bad news for London as remortgage activity was at its highest since 2008. According to the figures, there were 9,800 new first-time buyer mortgages completed in London in the first quarter of 2018,…