RESERVED PLOTS NOW BEING BUILT FOR NEW OWNERS.  

The new site at Cyprus Gardens is now offering realistically priced properties from a 3 bed detached at £175,000, to a 4 bed three storey semi-detached for £180,000. There are 4 bedroom detached properties from £220,000 to £275,000 and a 5 bed detached with a double garage at £325,000. This is proving to be a popular site. If you price your own property to sell you could be in by August this year. ENQUIRE NOW.     

Good start to the new year 2012, lots of new enquiries and plenty of viewing requests. Are we turning the corner?  

Excellent news the new Railway Station at Apperley Bridge has been given the go ahead today (29th November 2011). This will have a positive effect on house prices in BD10, which encompasses Thackley, Idle, App' Bridge and Greengates. GREAT NEWS!

CHECK WITH OUR MORTGAGE ADVISOR JAPINDER - SOME GREAT DEALS OUT THERE FOR FTB'S, OR RE-MORTGAGING AND BUY-TO LET.   

Excellent August for sales. The market is picking up. Check out our discounted properties, as long as you can raise a 10% deposit as a FTB, you may have a cheaper mortgage than having to pay rent.    

LANDLORDS - WE NEED YOUR PROPERTIES FOR WAITING TENANTS - DISCOUNTED DEALS FOR AUGUST AND SEPTEMBER RING NOW OR EMAIL US.  

ATTENTION ALL FTB'S - 5% DEPOSIT

Launched 8th Jun 2011 - 95% loan to value mortgage deal with Skipton for FTB'S - 5.99% with small arrangement fee. YES 5% DEPOSIT is all you need. CHEAPER TO BUY THAN RENT - We have some good properties down in price ideal for buying. CONTACT US NOW.   

SPANISH PURCHASE - THIS IS HOT

  

Spanish banks offer 100% loans to clear distressed property

Wednesday, May 18, 2011

Whilst over in the UK the tightening of lending conditions has made securing a home with less than 25% deposit an impossiblity for most would-be buyers, over in Spain banks are making it easier than ever for investors to get in on the market without the difficult commitment of an initial lump sum - as long as you're willing to buy distressed.

Due to the extreme oversupply of homes still plaguing the mainland in particular, the country's major financial institutions have begun offering special 100% mortgages on the many repossessed properties they have on their books. Whilst loans for any new properties appearing on the market are being severely tightened in terms of eligibility criteria, those who agree to purchase the dispossessed properties stand to receive between 90 and 100% finance over up to 40 years, with deals currently being offered by Santander, BBVA, Caja Madrid, La Caixa and CAM, according to the Financial Times.

With many developments having sprung up rapidly just before the 2007 crash, most of the properties the banks are selling are in fact new build or close to it. Santander's Altamira division, which sells homes from developers whose projects fell into administration in the crisis, is offering up to 100% over 40 years on its many new build properties in a bid to rid itself from exposure to mortgages as per the government's restructuring efforts. The seven major Spanish banks were estimated by AFP to hold 45 billion euros in risky assets at the beginning of 2011, and to avoid seeking financial bailout, says the central bank, they must clear at least 15 billion euros of this.

The largest proportion of debt reduction must come from ridding the institutions of bad mortgage debt, hence why even the more reputable banks in the country are now eager to offload properties great and small. For the canny investor looking for a cheap way into the second home market - and a potential long-term asset once prices begin to rise again - the amount of great value, bank-assured property deals in Spain appears to be getting better and better.

 

What do they say "Imitation is the sincerest form of flattery". Good to see the local competition copying my web site design. You never know they might be driving around in a Smart Car yet.      

10% DEPOSIT Mortgage Deals available to FTB'S - Contact the office now. Prices are down you can afford to buy now- it is cheaper than renting.    

At LAST - The bank that got us in this mess may have kick started the FTB market, 10% deposit deals available with a 2, 3 or 5 year fixed deal. Northern Rock have launched today these products. We hope other lenders will follow. At least it is a start.  

8% Management fee for all L/Lords who would like us to manage their property to rent, for our quality waiting tenants.   

Excellent start to the New Year.

A good start to the year. New rentals coming in for our waiting tenants, along with plenty of requests for viewings of properties for sale. Let's hope we have turned the corner.   

Thanks for the info' agent XYZ

Looking for a Spanish Property at rock bottom price? Click on the Distressed Sales banner.

Now has never been a better time. Alot of banks own properties they are desparate to get rid of, plus they are offering preferential mortgage deals to help. Have a look on the site there are some superb bargains.

 Are you a home owner trying to sell? 

If you are like thousands of vendors who cannot attract a buyer, then don't worry we might have a solution to help. Have you thought about the possiblity of renting out your house. a good income can be achieved along with the chance to sell your house when the market shows signs of recovery. 

Contact us now for your appraisal. Ring 01274 622505 and ask for JASON or LINDA.     

Vendors get real

In the present financial clImate with reference to our industry, not alot is selling unless it is the right price for the buyers. In other words if your asking price reflects what the buyers think is fair, you will get viewers, and viewers make offers, and offers make a sale. So why do some of my vendors think it is smart to terminate our services having been on for 12 weeks without a sale and look to another agent to try and sell the house. We work with our vendors in reviewing stats, suggestions as to how we can achieve a sale, all my clients have had calls from the negoiators at Lonsdale's.

We offer all the leading portals or web sites that are the most popular and largest to expose your property to the market place. We have seen some vendors leave our agency to go to agents who do half the service we do, and carry less exposure in web advertsing. And do you know what is the most gauling thing about some vendors, after suggesting they lower their asking price and refuse our advice, guess what, they leave to another agent at a lower asking price. How stupid is that, and do you know we check these properties to see if they have sold. Youv'e got it, STILL FOR SALE, on the market with an agent promising everything and not delivering with inferior service levels. It is a bit akin to playing for Manchester United and leaving for another club. Name me a footballer who has been a success elsewhere.

So until the mortgage market picks up, job confidence and the media suggest the economy is picking up, buyers are waiting to make a purchase on the basis that house prices may have some way to fall. That is open to speculation. Remember, a house priced now is still open to a reduced offer and as a buyer/vendor you may have some negotiation to do, but as a vendor who has sold, you now can strike a bargain on your purchase.

ATTENTION ALL LANDLORDS

We desparately need your property for waiting tenants who are registering with ourselves daily for quality properties in the BD2, BD10, BD17, BD18 and other selected postcodes.  

Due to the financial climate in being unable to source mortgages, young couples are having to rent and require nice locations with attractive properties to live in.

We have some fantastic offers for the next 12 months for all landlords who wish to let us manage your property on your behalf. Incentive schemes and attractive rates are available NOW.  

Contact the Rentals Office on 01274 622505 and ask for Jason Andrews or Linda Hart. Our sales office should this be busy, can also be contacted on

01274 622073. 

Book now for Martin Lonsdale to come and see you to give you the current and projected rental assessment.        

New Members of staff

We are delighted to announce another two members of staff to support our ever growing rentals division and sales offices. In rentals, Linda is supporting Jason in business development. She will carry out viewings, arrange your gas safety checks, and take all the day to day hassle of running your property as a landlord, leaving you to get on with your life.

LANDLORDS BEWARE

Please be aware of other letting agents in the local area who are adding 12.5% charges to repair accounts. This is very bad practice and should any landlords wish to move their business to ourselves, please be assured WE DO NOT ADD FEES ON TO THE REPAIR ACCOUNT.

New Business Insurance

Many thanks to Simon and Giles for saving me £300 on our business insurance. Good to meet with you. Looking forward to our lunch shortly. A most informative lunch and good time had by all.

Mortgage Lending News

Latest news: mortgage lending up 15% for June.

VICTORY-HIP'S abolished

After 3 years of campaigning against this useless pack, the new government see sense and suspend them to the dustbin for ever.

The Best Time to Buy

With house price falls now starting to reduce in percentage terms along with large reductions having been made by vendors all year to stimulate sales, this is now an ideal time to be looking to buy. For example we have a local conveyancer prepared to discount their fees by 25%, mortage lending is going to improve in the medium to long term term, freeing up pent up demand for property priced correctly.

There are now some super properties with large reductions on our agency books and of course all over the country the same applies.

We have a mortgage advisor who is here to advise you for obtaining a mortgage particularly if you are a FTB or an investor. Should you wish to discuss a purchase for Buy to Let or your own portfolio, or you are a FTB please give us a ring.

We strongly believe now is the time to consider a purchase. The best properties are now at rock bottom prices, and will be snapped up by buyers.

Ignore the media doom and gloom merchants get out there and BUY.

Promotion to Supervisor for Jason

We are delighted to announce the appointment of Jason Andrews as Rental Supervisor. Alot of you will have dealt with him over the last few years. Many thanks to our landlords for expressing confidence in him, (you all know who you are). Again thanks to you all for letting me know about unsolicited contact from another agent trying to poach my business. This is totally unethical, and is cause for instant dismissal from our Association.

All previous landlords who were not happy before, are welcome back.

6th April 2009 - Another Erosion of Liberty.

From 6th April the HIP rules are changing. No longer will it be possible for the marketing of a property to begin when the HIP is ordered, instead the bulk of the pack will need to be physically complete for marketing to be allowed. That means an estate agent cannot even mention to someone that a property will soon be coming to the market. Good estate agency practice has always been to begin telling the public about a property as soon as instructions are received from the seller but this government has decided to stop this happening. Most estate agents consider the new restriction to not be in the public interest.

A new form, The Property Information Questionnaire or PIQ must now be completed by the seller for inclusion in the HIP when marketing starts. This seven page document asks questions about the property, rights of way, building works etc but in what many see as a serious defect, the PIQ does not have to be signed by the seller nor does it have any legal weight. In fact, a disclaimer on it says that it is not a substitute for legal documentation. The fact remains that a buyer solicitor will still want to see the official Sellers Property Information Form completed and signed as truthful by the seller. The PIQ is yet another piece of window dressing by a government that knows full well that HIPs have failed but insists on pursuing its defective and expensive policy to 'improve' the home buying process.

Also changing on 6th April is the ability of HIP's to contain what is known as 'insurance backed search information'. Up until this date such search information has been acceptable - the information being provided by personal search companies where they have been unable (or unwilling to pay the charges) to obtain the information from a Local Authority. Now it has been ruled that all Local Authorities MUST provide the requested information and may also charge for it. IN THE COMING WEEKS THE PRICE OF HIPS TO HOME SELLERS WILL UNDOUBTEDLY INCREASE IN MOST AREAS OF THE COUNTRY. However, in an all too familiar example of a lack of joined up thinking, the government is foisting the new rules on the market before most Local Authorities have got around to setting their new charges for search information. The next few weeks are likely to be chaotic for HIP providers - and consequently home sellers.

The ending of First Day Marketing is considered by this campaign to be yet another unecessary burden on an already very fragile property market. For the first time it will become illegal to sell a property at will - yet another small but significant erosion of our liberties.

The SPLINTA campaign calls for the HIP to be made voluntary (if it is as good as the government says it is (but few others do) then surely sellers and estate agents will flock to buy them) and for the government to suspend Stamp Duty Land Tax - which should only be re-introduced as a sliding scale tax, not a stepped tax as at present. These measures would help the ailing property in its recovery.