Ideal Flatmate, the algorithm-based flatshare matchmaker, has closed on a £1.1m funding round – bringing up its total to more than £2m. The platform takes inspiration from dating websites by prioritising how well matched prospective flat-sharers are in terms of personality, rather than just focusing on location and budget. Tom Gatzen said, co-founder of Ideal […]
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Remortgage activity was strong in September – with volumes outstripping last year, UK Finance data shows. There were 17,740 remortgages with additional borrowing, an increase of 5.9% on September 2019. Meanwhile there were 19,140 remortgages with no additional borrowing, 8% more than the same month last year. Nick Chadbourne, chief executive of conveyancing solutions provider […]
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Build to Rent firm Wise Living has appointed Mark Gratton as development and land manager. In his new role Gratton will work with regional and national developers looking to expand into the private rental sector. He said: “The role is a great fit for me and a very exciting move. The team’s aspiration to revolutionise […]
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One in 43 people in Oxford have unsafe gas appliances in their home, while there are 3,570 faulty appliances in the city alone, according boiler repair specialist Boiler Guide. The company analysed data from the Gas Safety Register, which it cross referenced with the population size in each area. Other areas at risk are Reading […]
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Modular housebuilder Built & Spaces has created its own software to help customers assemble their new home on a computer. The software allows customers to design their home room-by-room, before providing a quote based on the parts being used. The company said the application helps customers turn their idea into a house in 10 weeks […]
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Landlords and agents in Wales may have to supply a list of information to tenants before taking a holding deposit from December 13th, The Renting Homes (Fees etc.) (Specified Information) (Wales) Regulations 2019 have been laid in the National Assembly for Wales and if not annulled could come into force next month. The regulations will […]
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The Intermediary Mortgage Lenders Association has urged the next government to re-evaluate the Financial Policy Committee’s mortgage stress tests. Lenders are currently asked to stress test mortgages at the Standard Variable Rate plus 3%. IMLA said this is far above the rate that most will realistically pay, while it blocks people on lower incomes from […]
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Nearly half (45%) of those who don’t yet own a home think they never will, a report by investment management firm Fidelity International has found. Currently 41% of those aged 34-54 are currently renting and 23% of that age group think they will never own a home. Nearly a quarter (24%) of over 55s still […]
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Just Mortgages’ self-employed division has seen several of its advisers expand their own businesses and take on new staff. October was the best ever month for recruitment into the self-employed division, with 20 advisers joining the team. There are now 230 brokers in the Just Mortgages self-employed division and Parker expects that to have reached […]
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Homeownership has dropped across the world, as 22 of the 36 most developed countries experienced a decline in the past 10 years, research from Swinton Insurance has found. The UK and Ireland saw the steepest decline of all, of 11% since 2008. Only three countries have seen substantial rises in homeownership; Australia (86%), Poland (35%) […]
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