The trading business mostly requires brainpower. Because the more strategic you are, the more successful you will be. Thus, it is clear that you will have to work on improving your strategy. But, not all the traders can make a good trading strategy. This is because it needs a cool mindset and dedication to your work. For making an effective trading strategy, you will also need a relaxed working environment. It is not that hard for any trader. You just…
Local builders Barratt Developments Yorkshire West and Yorkshire East have received the maximum five-star rating for the ninth year in a row in the new Home Builders Federation (HBF) annual New Homes Survey. The stars are awarded based on the ‘would you recommend your builder to a friend?’ question, to which 90% of Barratt Developments customers answered ‘yes’. “Achieving high levels of customer satisfaction is hugely challenging. It requires leadership from Board level downwards and commitment from all areas of…
Industry organisation Women in Property would like to encourage more women into the sector, citing a healthy pipeline of new talent, flexible working environment and inspirational female role models as critical to this challenge. A University of Brighton student is one of four winning students who will represent the South East region at the national final of the Women in Property South East Student Awards. Speaking at an event to celebrate the awards, legal director Michelle Kershaw said: “This country…
Conservative council leaders are pressuring Theresa May to invest more in low-cost rented homes, as the concerns that not enough is being done to fix Britain’s housing crisis are growing. The prime minister promised last year £2 billion for a new generation of council houses and affordable homes for rent; however, that might not be enough. The Joseph Rowntree Foundation surveyed 121 Tory council leaders and heads of housing from across the UK and found that 96% of them wanted…
A research by Online Mortgage Advisor shows that a fear of rejection makes those working part-time, flexibly or who are self-employed, along with those who have a poor credit history not apply for a home loan. To help people better understand what the mortgage requirements are, the advisor has published a list of five types of potential borrower who assume they won’t qualify, but they actually could. “Advice varies enormously between brokers and criteria vary significantly from lender to lender.…
Mantra Capital, the boutique commercial finance consultancy, has arranged a £3.25 million load facility for a newly completed 48-unit office-to-residential development in Peterborough. The residential investment loan was against properties comprising one and two-bed flats that will be let out by Mantra’s client, Arbuthnot Commercial, primarily to young professionals. “Arbuthnot Commercial is a fantastic lender to work with, as their underwriting is flexible and they always make the effort to genuinely understand a borrower’s circumstances and goals,” said Nimesh Sanghrajka,…
The council of Kensington and Chelsea are planning to launch a property portfolio worth over £220 million, divesting from shares held by the borough’s pension fund. The borough councillors have approved a strategy to increase property investment to 20% of the council’s £1.1 billion pension fund, up from the current investment of just 5%. The new proposal would see the council divest from its global share portfolio by 9%, and utilise £78 million in cash in order to create the…
A new research from Halifax shows that over the last five years the average price of a flat in the UK has risen by £75,074, equivalent to £1,251 per month. Despite their drop in popularity, the average price of a flat has grown from £157,061 in 2013 to £232,135 in 2018; accounting for 15% of all home sales. Although last year six in every 10 property sales were either terraced or semi-detached properties, flats prices have still increased in value…
The UK Finance figures show that in the past six years the number of interest-only mortgages has almost halved, down 46% since 2012 to 1.7 million outstanding mortgages. The total value of the interest-only mortgage book is £250 billion, down 37% in the same period. At the end of 2017, there were 1,293,000 pure interest-only mortgages outstanding, a 14.9% fall over the last year, alongside 429,000 partial mortgages outstanding, a 2.1% rise. The number of interest-only loans at over 75%…
Research from legal practice Osborne Clarke shows that London is the best city in Europe when it comes to the usage of technology, the so-called proptech, in the property sector. The survey of technology experts from across Europe found that 42% of them think London is the leading city for proptech, followed by Amsterdam, Berlin, Paris and Stockholm. “The UK capital has a long, successful history with the property market, attracting developers, investors and landlords from all over the world”,…