The latest news from Marena Murray

The latest news from Marena Murray


This month we thought it was important to touch on the Coronavirus. It has been all over the news worldwide and is having an impact on everybody. Here in Spain we luckily have some support from the Government with discussions surrounding suspending mortgage payments.

We are also offering a new service. The opportunity to view a property right from your sofa. Get in touch and we can arrange it at a time best for you. 


Is Buying With A Friend A Smart Investment?

Buying a house can be a clever investment. The more you pay back, the more equity you will gain on the property that organically grows overtime, and even more so if you invest money into the property. It can be an unnerving thought saving independently, so the question often arises to whether it is a smart decision to invest with a friend.

It’s easier with two!
Anyone who has bought a house before, will understand the test of applying for a mortgage loan. When applying for a conventional home loan, the lender will need a minimum of 680 credit score and at least a 5% deposit. For some people, this can be quite daunting and infeasible. But having two people signing the mortgage application can increase the odds of agreement.

If you do decide that buying a property with a friend is the right move, the mortgage lender will base the approval on the combined income and the average of both your credit scores. This of course increases the financial opportunity for you both and will also ease the overall fee by splitting everything equally.

One bad credit report can reflect badly on you both
It may all sound well and good splitting everything equally, but it can also be tricky relying on someone else with such responsibility. Your friend may begin to be punctual with payments, but for whatever circumstances; job loss, demotion, or just struggling to afford the mortgage from their monthly income, and they are late paying, it can then put your credit rating at risk.

Because both of your names are on the mortgage, you both are responsible for that commitment. If payments are late, then the bank will report you both to the credit agencies for nonpayment, despite whose fault it is. But don’t stress, you do have a full 30 days after your payment due date before the lender can make an official report to the credit bureaus.

Monthly expenses halved
A big advantage of living with somebody else is being able to split the household bills. Paying for this alone, as well as the mortgage can be hard and could leave you with very little left over at the end of the month. Taking that pressure of, by sharing the cost can be a beneficial aspect.

Council tax, utility bills, telecom, TV license and insurance are your typical household bills. And that isn’t even including food, travel costs, gym memberships, credit card payments or healthcare! With all that you will be thankful for that extra person.

Are you ready to test your friendship?
Things can quickly turn sour over the slightest disagreement. Whether it be over your bills or just simply pulling your weight with the cooking and cleaning! To avoid this, cover your back. In your written agreement, go into detail. The breakdown of expenses, how repairs are managed and how together, you will maintain the property.

Unlike renting, it’s not as simple as finding a new roommate if things go bad. Removing someone from the mortgage can be hard. You either would have to sell the property or refinance the loan under just one name. Neither option is easy. Selling can take months and approval is never a guarantee. Have an agreed-upon exit plan outlined in the written agreement to protect yourself.

Key points to take away
• Try renting first. There are options to rent month to month at some properties, so why not test it out first. See how you both split the cost, take on responsibilities and look after the place.

• Do your research. Just like a bank, check their credit reports. See how much they earn and If they have made previous payments on time.

• Hire an attorney to write your informal contract. Cover all avenues and be detailed. Just do your research and make sure you and your friend both have the income to cover the monthly investment.



Spanish Government suspend mortgage payments

Spanish Government suspend mortgage payments during the Coronavirus emergency in Spain.

 

The moratorium has provided a helping hand to small businesses during this worldwide emergency. The Spanish government have started announcing measures to reduce any financial and economical impacts that the virus has had, by suspending mortgage and rental payments for companies and those who are self-employed workers.

 

 Currently this measure is applicable to the sectors of the population who are in an economically vulnerable position due to Covid-19 and to those diagnosed. However, it has not been ruled out that the suspension of payment could be extended to individuals who have been made redundant due to the national emergency.

 

This is intended to assist employees who lose their income because of the crisis and the self employed who will suffer a drastic fall in income.

The regional government have set up a helpline to provide information to members of the public. They also urge people to call 112 emergency service line if they suspect they have the symptoms of the virus. Please don’t go straight to the hospital or medical centres, a member of medical staff will be sent to your home for testing.

 

For more information: https://murciatoday.com/spanish-government-suspends-mortgage-and-rent payments-for-businesses-the-self_employed-and-those-losing-their-jobs-during-the-coronavirus-emergency-in-spain_1359250-a.html 



10 Home Decor Ideas

 
Now that spring is just around the corner, the much-welcomed extra sunshine might be shining a light on some of the less-polished parts of your property. If you’re thinking that a good spring clean won’t quite cut it this year, then follow our 10 home decoration ideas to instantly transform your home…

1) First impressions count
We all know that it is tough to change a first impression once it has been made, and the same is true for our properties. If you don’t have a grand entrance hallway, and even if you do, it is important to create the right aesthetic as soon as you step through the front door. Depending on the size of your entrance hallway, choose an appropriately sized console table with a few choice ornaments and you’ll create an elegant first impression. A traditional table with some tasteful art above it will set a sophisticated tone, and an on-trend transparent table with high-gloss accessories will create a chic and modern atmosphere.

2) Mirror, mirror on the wall…
If you have a staircase in your home, it is easy to see it simply as a passageway to the next level of your home. Similarly, if you live in single-storey accommodation then you will most-likely have a hallway that you see simply as a thoroughfare. Instead of treating these spaces as utilitarian, turn the walls in to a gallery by hanging a variety of antique mirrors, an eclectic mix of photo frames or a mixture of both. Charity shops and antique shops are a great place to source interesting frames and mirrors, and as an added bonus, the reflective surfaces will help to brighten up the staircase or hallway.

3) Feng shui your home
When it comes to transforming your home, it’s not just a case of spending money – using what you already have in a different way can have equally stunning results. Rearranging your furniture is simple enough to carry out, but it can change a room entirely; throw the rule-book out of the window when you are experimenting with where to put your furniture and see what looks best. In the living room, for example, arrange your furniture around a coffee table rather than facing the television and you will create a much more social space.

4) Don’t neglect the accessories
One of the most cost-effective ways to update your home is through accessories; by simply enhancing what you already have through a few choice items you can take your home from drab to fab. Of course, the essentials of throw cushions, blankets and ornaments (such as candles and vases) are the holy trinity when it comes to jazzing up your room; however, you can also branch out to lampshades, wall hangings and art. By rotating your accessories seasonally, you will keep your rooms looking fresh, on-trend and reflecting the time of year.

5) Flower power
If you’re going to do one thing to your home in order to quickly refresh it, then adding flowers is a great idea. Placing some nicely arranged flowers in a clear glass vase will make any room feel more cared-for and elegant, all for only a few pounds!

6) Create a dreamy sleep-space
A good night’s sleep is essential for all of us, but the bedroom is often the last room that we renovate as it isn’t on show, like the living room or kitchen often is. Indulge yourself, and step-up your property’s style by investing in some bed linen. Plenty of cushions twinned with a matching throw at the foot of your bed will instantly make your bedroom feel more sumptuous, and you’re guaranteed to sleep soundly in your upgraded boudoir.

7) Don’t shrug from the rug
Floor coverings are costly and time-consuming to replace, so if you’re looking for a quick-fix to update your home then we wouldn’t suggest laying a whole new floor. Something that will make a difference, however, is the use of rugs. A simple rug can change the whole aesthetic of your room, and the choices are endless; you can choose from boho, rustic or traditional and small, large, long or wide. Experiment by layering rugs and creating interest in your floor spaces without the expense of having to change the whole floor covering.

8) Curtains up
Curtains are more than a privacy aid, they can add colour, texture and interest not only to your windows but also throughout the home, if you are brave enough to use them creatively. Using curtains as an alternative to a door can add rich texture to your home and using a contrasting colour will make them pop against your walls.

9) Let there be light
Something that can make a room feel dark and dreary is a lack of light. If you want to transform your home, then changing the light fixtures, or adding in some extra lighting can make all the difference. Ensure that your ceiling lights aren’t dwarfed by heavy lampshades which are constricting the amount of light in the room – current trends favour glass lighting fixtures anyway, so changing your lampshade should be a simple fix. We’d also recommend adding in some uplighters and floor lamps to the corners of your room in order to avoid the wasted dark spaces which we are often guilty of neglecting.

10) Make a statement
If your walls are looking a little plain, or you’re simply looking for a way to brighten up the room then statement art is the answer. Easy to change and rotate with the seasons, statement art such as large-scale photography or something abstract will transform even the most listless room.



Viewings from the comfort of your home!

Technology is a wonderful thing!

Thinking of buying your Home in the Sun in La Manga Club?

Why not have a viewing of some of our stunning properties from the comfort of your armchair by FaceTime?

Contact the office to arrange a virtual viewing today


Click here to read Viewings from the comfort of your home!.



Place Your Property in our Hands

Our hand-picked, driven and efficient Management Team will carry out regular checks on your property whilst you are not in residence and provide speedy feedback to you confirming everything is in order.  We are the most pro-active team on the resort with a high level of experience.

Click here to read Place Your Property in our Hands.



Guided Bike Ride

The Sierra Espuna Natural Park offers some of the most stunning scenery in Murcia & one of the most challenging Murcia cycling climbs. Every weekend hundreds of cyclists climb Collado de Bermejo.

Click here to read Guided Bike Ride.



Craft beer and tapas

Pay 12€ in advance and get 3 craft beers and tapas. A way to meet other students from UCAM! 
 
Sat Mar 28 2020 at 01:00 pm
 

Click here to read Craft beer and tapas.



Rod Stewart Tribute

Possibly the best Rod Stewart tribute on the Costas , this guy is special. €15 pp includes a 2 course meal.Early booking essential for what is always a sell out.
 

Click here to read Rod Stewart Tribute.



How to increase your kerb appeal

With us all spending more time at home, it is an opportunity to pay closer attention to our homes where we usually don't have the time to. Especially the front of our homes! If you were planning on getting your property on the market you can still prepare for this during this time. Making a good first impression is key when presenting your home; and the first thing potential buyers see is the front of your house. The homes that perform the best are the ones that can grab the attention from the off, and thankfully, maximising your kerb appeal doesn’t have to break the bank! So we've included some tips below:

1) Front and centre

The front door is always a good place to start, especially as it’s one of the first things that people see when it comes to your home. UPVC doors can be cleaned easily enough with the right product, and if you’ve a wooden door, why not consider a fresh lick of paint? You can also bring your garage or front gate into the equation for a bit of colourful synchronicity.

Giving your letterboxes and door handles a polish shows good attention to detail, but if they’re looking a little tired, don’t be afraid to replace them.

2) Plot your path to success

The path to your front door or outdoor paving stones can get dirty with ease, so applying some TLC, whether that’s with a pressure washer or a good ol’ bucket of warm water and a scrubbing implement will instantly help your outside space.

If you have paving stones, then keeping your weeds in check is also a shrewd move; pulling out the weed killer for large front porches, paths or driveways will make things look far neater.

3) Plant an impression

A simple touch, but an effective one. Adding some greenery around your front door suggests to the naked eye that you take care of your property and look after your home, so look into some potted plants to go outside your front door. Hanging baskets are another option if ground space is limited.

4) Window dressing

The windows on your front room are another area where little touches can make a big difference. Keep on top on cleaning your curtains and blinds for a tidy appearance, and also the inside of your windows. If your windows aren’t providing you with enough insulation, you could even look at replacing them altogether in the future.

5) Night Lights

Finally, take a look at the area around your front door at night and imagine how much more welcoming it could be with a bit of light. A solar-powered light is easy to install, charges itself during the day and won’t cost you extra in your bills! If you have an outdoor power supply this will help if you’re looking to install something akin to a classic-style lamp, but you needn’t go overboard.



Lockdown DIY jobs that you can complete

Whilst we’re spending more time at home than ever before, has there been a better opportunity to complete those DIY jobs that you just never quite got round to? Why not make the most of the extra time at home and tackle one of our easy lockdown DIY tasks…

1. Tackle the woodwork

Doors, skirting boards and any coving that you may have in your home are one of those jobs that we all shirk away from as they are time-consuming and a little tedious. However, they can also finish a room to a higher standard, and therefore why not set yourself the task of refreshing the woodwork around your home? If you don’t have materials such as gloss and primer, you can still order them online, otherwise a little elbow grease and soapy water will do the trick in reviving them for now.

2. Perfect the painting

Have some paint stored away for when you were going to refresh the living room? Get those tins of paint out and why not pick a room to give a new lease of life to? Do it as a family and have the kids tape up edges and areas which you want to keep free of the new paint colour, and then if you are brave enough set them loose with a paint brush to learn some valuable skills. On average, having a professional repaint a room will cost between £100 and £150, therefore you are also saving on potential unwanted expenditure.

3. Organise your home

Marie Kondo says “The best way to find out what we really need is to get rid of what we don’t” – why not embody this mantra and organise your home, you will be amazed by how much it also frees up your mind. Start small, and organise your wardrobes at first – simply bag up what you don’t wear anymore or no longer like and once the lockdown is lifted you can donate. Once your wardrobes are tidied, you may be inspired to keep on tidying!

4. Create a picture gallery

With the likes of online photo developers such as Snapfish, photographs and prints have never been cheaper to acquire, therefore why not sift through your mobile and pick some photographs that you would like to see every day. You can have them developed, and then choose a space in your home to inject some personality into, at the moment eclectic photo frames hung on stairwells are proving very popular as a design focus.

5. Get into the grout

Grouting isn’t usually on anybody’s list in terms of design touches, however very few things can make a space look as unkempt as discoloured or dirty grouting. Whilst you have a little spare time on your hands, why not give your grouting some TLC in your kitchen and bathrooms? A solution of warm water, salt and bleach will have the power to remove most stains, or if you need something stronger then you can purchase grout pens which restores grout to its original colour.

6. Upcycle

At the moment, having a personal project to work on can be good not just for our homes, but also for our mental health as we can take some immediate gratification from our efforts. Whether you choose something small like a chest of drawers which you paint and restore, or a larger project such as restoring your kitchen cupboards just remember to take your time and enjoy the process.



Restrictions abroad are being lifted; what can we learn?

As some of our closest neighbours across the pond in Europe begin to lift their most severe lockdown restrictions, there are now questions concerning our own lockdown and when it will end. As well as the question of when is the question of how; we look at other European countries to see what we can glean from them, as well as the sentiment of the British public.

Denmark, Germany, Switzerland and Austria are among the leading European countries who are taking steps to end their own lockdowns, with schooling at the top of each of their lists. As lockdowns begin to ease, it seems that reopening schools, albeit daycare and primary schools only in most cases, are amongst the first to return to normality. When our own restrictions are eased, expect early-years childcare to be amongst the first to return to normality.

As well as schooling, smaller retail units are also being reopened fairly promptly, with countries producing lists of “approved businesses” – including hairdressers, DIY shops and flower shops. Germany has opened retail units based on their size, with any business that has a floorspace less than 800 square metres allowed to trade as usual, as long as social distancing measures are still adhered to. Austria has taken a more stringent view on opening “non-essential” shops, allowing shops to open with a floorspace of less than 400 square metres, half of that of the German restriction.
 
In terms of our own restrictions, we may see a clear-cut policy of the Government allowing shops with a specific floorspace to reopen, as in Germany and Austria, or we could go down the route of specific retail units being allowed to open due to their economic significance.

Whilst these lockdowns abroad are slowly lifted, it is important to note that there are still strict measures in place. Lockdowns across Europe are not being simply lifted, instead there is a slow and steady opening of schooling facilities, shops by necessity or size and social distancing measures are still strictly enforced.

The wearing of face masks is also becoming a familiar sight across the continent as people return to their daily lives; in some countries such as Austria the wearing of masks is obligatory in order to quell a second peak of infections. There is some scientific consternation around the efficacy of wearing face masks, and the British Government has indicated concerns that making the wearing of face masks obligatory could have detrimental effects on the supply of PPE to the NHS, therefore this may not be something we see widespread across the UK.

Whilst the past month or so has seen life in the United Kingdom, and indeed across the world, change enormously due to the coronavirus there are encouraging signs from our European comrades that life will start to return to normal in the fairly near future. Expect a measured and hesitant approach to relaxing lockdown regulations as the Government seeks to hone an exit strategy that allows for the economy and health services to recover, whilst simultaneously avoiding another surge in cases – therefore early years schooling, potentially followed by secondary schools and specific retail outlets will most likely be the first to reopen. Interestingly, it seems that as a country we are amongst the most concerned with regards to the threat of coronavirus, with a March poll published in the Journal of Risk Research finding that the UK had the highest level of perceived risk out of all the countries surveyed – this could indicate that we would be amongst the most receptive to a slower and more measured easement of lockdown restrictions than our closest counterparts.