View more on these topics

Shed boom adds value to homes

Over one fifth of UK homeowners have added a shed, workshop or garage to their property in the past five years, a new survey reveals.

The poll, conducted by esure home insurance, shows that of the 2.2 million outhouses built in the past year, 1.5 million were sheds.

This is thought to be the result of a surge in home improvement and signals a trend toward owners improving their properties rather than trading up.

Matt Grayson, spokesman for BM Solutions says: “Building a shed is a creative way of adding value to a property. It is refreshing to see that rather than withdrawing equity from their homes, some people are deciding to add value instead.”

But Grayson adds that it is “highly unlikely” his company will be lending money on new shed builds in the near future.


PMN proposition attracts 70 ARs

The Professional Mortgage Network has signed up 70 appointed representative members within the first eight weeks of its launch. The Leicester-based network says it is now ahead of target in recruiting a membership of 400 ARs and principals by April 2005. It says this landmark is further testimony to how attractive prospective members are viewing […]

Kensington appoints sales development manager

Kensington Mortgages has appointed Frank Bennett as sales development manager for the West Midlands and Mid Wales region. Bennett joins Kensington from Mortgages PLC where he was an area sales manager. Bennett has worked in the mortgage sector since 1977 holding various positions within the industry, including with a number of building societies and specialist lenders. 

Lenders accused of rush to reprice

Chelsea Mortgage Management is accusing lenders of being too quick in repricing fixed rates, using swap rate movements as an excuse. Simon Bucknell, business development manager at Chelsea Mortgage Management, says: “Brokers are being put in an impossible situation at the moment because of the constant repricing of fixed rates. “A lender may buy £10m […]

Abbey appoints Mark Russell as head of brand

Abbey has appointed Mark Russell as head of brand.  He will be responsible for developing and communicating Abbey&#39s brand strategy and its manifestation through all the channels as well as the completion of the re-branding process. Russell reports to Jeremy Davies, director of brand and communications and started at Abbey on June 14. Russell joins […]


News and expert analysis straight to your inbox

Sign up