View more on these topics

9m household set to DIY, reveals The Marketplace

The Marketplace at Bradford & Bingley has revealed that 9m households&#39 are planning to do DIY or home improvements in the next couple of months.

The traditional Spring-time DIY boom is clearly flourishing as much as ever, with increasing numbers of homeowners, 47%, opting to improve their current property rather than moving to a new one.

Many are thinking about major building works such as an extension or loft conversion.

Elliot Nathan, spokesman for The MarketPlace, says: “The current passion for DIY may be fuelled by more than just the &#39Linda Barker factor&#39, encouraged by the popularity of shows such as Changing Rooms.

“In many parts of the country the jump in house prices can be quite considerable when another room is added.

“Homeowners are realising that it is more cost-effective to make changes to their own home, such as building an extension or loft conversion, than buy a larger property, especially considering the associated costs and fees on top.”

Recommended

BDS launches three-year Platform discount

BDS Mortgage Group has launched a non-conforming three-year discount from Platform Home Loans with a bonus discount available on all cases received until the end of May 2004. The product is available exclusively to members of PMPA with a 1% procuration fee to the intermediary. The minimum loan size is £25,001 and Platform&#39s usual underwriting […]

igroup makes gross new advances of £400m in March

igroup has revealed it made gross new advances of more than £400m in March. In the same period, new business instructions reached a new high of close to half a billion pounds. Jonathan Sadler, sales director at igroup, says: “This is a great result for the entire team, and a tangible endorsement of igroup&#39s focus […]

Flat fees for GMAC partners

GMAC-RFC has designed a flat fee payment structure for its Platinum Partners packagers. This comes amid market speculation that business levels at the Bracknell-based specialist lender have suffered a drop in volume in packaged business since it announced it was stopping all override payments. The decision in January to limit the fees GMAC-RFC paid its […]

Why campaign against a champion of consumer protection?

From Michael BoltonRegarding the recent letter from Peter Willingham of Accelerated Mortgages (Mortgage Strategy March 15), I suggest he wakes up and sniffs the spring air or he may find his firm accelerating out of business. Firstly, BM Solutions is the UK&#39s biggest buy-to-let lender. If Peter is unsure, I suggest he calls the Council […]

Newsletter

News and expert analysis straight to your inbox

Sign up