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Great house for sale in Fallowfield


Fallowfield is an area of Greater Manchester that is popular with students and young people. I recently looked at a great house that's for sale in Fallowfield. Here are it's particulars:

DOUBLE BEDROOMS two RECEPTION ROOMS UPVC DOUBLE GLAZING gas central HEATING SUNNY REAR garden properly APPOINTED for the duration of equipped KITCHEN elegant rest room extraordinary vicinity

assets description A high-quality, 710 sqft, bed room, reception room, garden fronted, Victorian give up-TERRACE assets. fantastically appointed at some stage in and with a stunning rear lawn that enjoys the sun for a lot of the day, this would be the appropriate, geared up to move in to, first time consumer' purchase. Boasting Upvc double glazed home windows and doors, gas relevant heating with a contemporary aggregate boiler and all situated in this maximum famous road. With super links to Didsbury and the metropolis centre, close to Platt discipline Park and the Fallowfield Triangle for stores and amenities and offered with out a supplier CHAIN. With a contemporary outfitted kitchen and modern-day tiled rest room. name JP & Brimelow, to arrange a viewing.

entrance hall: - enter the belongings through a modern-day Upvc door, with inset double glazing. there's laminate floors and internal doors leading to every reception room, plus carpeted stairs to the first floor.

living room: - thirteen'four x thirteen'four (four.06m x four.06m) - a lovely big reception room, with feature, papered wall and newly installed, centre-piece, dwelling flame effect fireplace. With laminate floors, a huge Upvc double glazed window, looking on to the rear garden, radiator and glazed inner door to the kitchen.

eating Room: - eleven'1 x nine'10 (three.38m x 3.00m) - A beautiful front dwelling room with neat, neutral walls, a massive Upvc double glazed window, radiator and beige carpet.

Kitchen: - 7'0 x 6'7 (2.13m x 2.01m) - A contemporary outfitted kitchen with a spread of white, base and eye degree cupboards, with brown, wood impact, roll edge paintings surface and black, ceramic splash returned tiles. also featuring an inset stainless steel sink, space and plumbing for a gasoline cooker, with fitted extractor hood, combination boiler, lawn component Upvc double glazed window and all delivered collectively with terracotta colored floor tiles.

First ground landing: - Beige carpeted runs up the stairs and alongside the landing, wherein 3 period, stripped wooden doors lead to every double bedroom and the rest room. With neat neutral decor and outfitted storage cupboards.

bedroom One: - thirteen'four x eleven'nine (4.06m x three.58m) - A big the front thing bedroom, that enjoys Upvc double glazed windows, for optimum ranges of herbal light. featuring a single stylish papered walls, to offset easy, impartial experience of the other white painted walls and beige carpet. also proposing a radiator.

bedroom two: - 12'10 x eight'4 (three.91m x 2.54m) - A 2d double bedroom, with white painted walls, beige carpet and a rear aspect Upvc double glazed window, that enjoys lighter and extra significant open views, being an quit of terrace property.

rest room: - 8'2 max x four'five (2.49m max x 1.35m) - A fashionable, white, 3 piece rest room, with wall that are tiled ground to ceiling, in big beige ceramic tiles, with a neat, mosaic border. presenting a panel bath with energy shower and glass shower screen, low level W.C, and pedestal wash hand basin. there may be a frosted Upvc double glazed window, timber style, linoleum floors and radiator, with equipped towel rail above.

external: - a pleasing, paved patio and decked lawn with pebbled borders. enjoying greater open views, courtesy of the enviable give up of terrace role and getting the solar for an awful lot of the day.

Please word that we've no longer checked any of the appliances or the primary heating machine covered within the sale (if any). All potential purchasers must fulfill themselves in this factor previous to getting into a agreement.

Post by manchestermortgagebroker (2017-08-14 12:07)

Tags: fallowfield house buying

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Home buying in Sale - Manchester


In addition to being named the fourth exceptional location to live in England, this leafy Trafford city does offer commuters a manner of thrashing the morning site visitors.

Positioned right at the Altrincham Metrolink line, commuters can be in Manchester city centre in around 20 mins at the tram.

The number of colleges rated ‘great’ via OFSTED within the area is likewise another primary draw.

And although it could have fewer bars and restaurants than Levenshulme, new additions along with the Cork of the North and the Block and Gasket and staples just like the King’s Ransom and the JP Joule are ever popular.

Daniel coins, from Watersons estate agent, stated: “It’s the rate of the travel virtually. we've 3 tram stops here this means that you could hop on at any of them and get into the town centre. It’s superb.”

Commute time? Tram: There are three tram stops - Sale, Dane avenue and Brooklands - which take around 20 minutes to get to Deansgate-Castlefield.

Vehicle: again, driving is usually a piece tricker within the morning but on a very good run, immediately down Chester road, it takes simply 18 mins to get to the city.

With a number of car parks close to Deansgate, that is clearly the fastest choice.

Bus: For velocity the tram is almost sincerely a higher choice however if you select the bus then the 263 runs often down Chester avenue, stepping into Piccadilly Gardens, in just over half-hour.

The forty one, which is going through West Didsbury, takes between forty five minutes and an hour to Piccadilly Gardens.

Cycle: There are several ways to access the Bridgewater Canal - Marsland avenue, Sale Waterside and Dane road - that may have you ever on the town in only 29 mins.

Waxi: in case you’ve got an hour and 15 minutes to kill you could get a water taxi alongside the Bridgewater Canal from Sale Waterside to Castlefield/Dukes 92.

House costs? Homes don’t come cheap here.

In the final twelve months house expenses have risen via greater than £7,000, with the common domestic going on the market for £294,796.

It’s now not all bad news even though, sellers are being forced to shift on asking costs - with the real common sale price at £274,830.

Daniel cash delivered: “Sale has constantly proved popular, it is a massive location for housing and gives homes from 100k – 900k so it caters for all of us.

“It amazes me that most neighbourhoods provide the entire unfold of housing, one avenue will have every house rate on it.”

What do they say? Resident and nearby commercial enterprise owner, Jenny Au-timber, 30, said: “I moved to sale 4 years ago from north Manchester. i used to be transferring in with my boyfriend, however what become really amazing changed into being so near the tram, and the way quick the tram changed into entering into metropolis.

“Its proximity to the entirety is terrific - the motorway, Manchester and the Trafford centre and the sort of ways people can get here, be it tram, bus, car or Waxi, is mind-blowing.”

Post by manchestermortgagebroker (2017-07-27 11:07)

Tags: sale mortgage lender manchester

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Buying a House in Eccles


Eccles is an inner city part of Greater Manchester and is itself part of Salford. Salford is known as being "the cheap part of Manchester" and has some of the cheapest houses available throughout the whole of Greater Manchester. One such area is Eccles - this area has (in my opinion) struggled over the years, but ironically enough it is bordered by some very affluent areas (if house prices are anything to go by) like Worsley and Monton.

There's a decent mortgage broker in Monton who covers both Eccles and Worsley by the name of Andrew Butterworth. His company (Manchester Mortgages) operates out of Monton and rather than list their website url I will instead tell you their Facebook details: https://www.facebook.com/manchestermortgages/. Andrew has been a mortgage broker for over 20 years and in this time has accrued much invaluable experience in getting people mortgages.

For example, if you have had difficulty getting a mortgage or have had to wait several weeks waiting for a decision from a big mortgage lender, try Andrew - he's confident he can get you a deal within a matter or days. With much of Salford and Greater Manchester being redeveloped, big plans could be on the horizon for Eccles, so if you are seeking to buy a house in Eccles or the more expensive surrounding areas I suggest you have a word with Andrew.

Post by manchestermortgagebroker (2017-07-13 09:09)

Tags: eccles salford mortgage broker

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Going it Alone: Audenshaw


It's a big move, going it alone. If you've been married for any length of time and felt an affinity to the person you've been spending your life with, the thought of separating can seem daunting. Whilst thoughts about leaving occupying your mind, from personal experience I know that you have to also focus your attention on where you are going to move to and how your are going to afford it.

AudenshawA friend of mine in Audenshaw, Greater Manchester recently did something similar to this. Close to Ashton under Lyne, Audenshaw is part of Greater Manchester and as such there is a lot of housing and apartments that are available to rent or buy.

She works hard but soon discovered that setting up on your own was going to be an expensive business. Although many types of mortgage were available, she was not eligible for some due to her personal circumstances.

Indeed, so small was the choice of available mortgage products, that she found it difficult to find one to suit her requirements. Fortunately, being resourceful, she sort out a decent independent mortgage broker located in Monton who was able to greatly broaden the amount of mortgage products available to her.

The fact that she had to use an independent (otherwise known as 'whole of market') mortgage broker to do this raises an interesting point: what are the 'usual' mortgage lenders actually doing? Why are their products so limited and unsuitable for so many people? In these days of austerity, mortgage lenders need to be flexible and accommodating to suit people's needs.

Post by manchestermortgagebroker (2016-10-18 05:44)

Tags: audenshaw manchester moving living

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How Much can I borrow as a First Time Buyer ?


Choosing the right mortgage can be a difficult choice and time consuming. There are lots of different lenders on the market and they all use different criteria when assessing your income and circumstances. One of the main objectives of the Financial Conduct Authority is TREATING CUSTOMERS FAIRLY.

But do all High Street Banks, Building Societies and specialist lenders do that ?
Lenders can change their criteria at anytime and what they are prepared to lend dependent on a number of factors. So how as a first time buyer are you able to know what those factors are ?

Below is an example of what various Banks & Building Societies and other well known lenders were prepared to lend in the Month of August 2016.

EXAMPLE CASE STUDY.

Joint first time buyers at 90% Loan to Value (LTV) and with a 10% deposit. No dependants. Student loan and credit card debts. Incomes £28,000 and £25000 + car allowance £500 pcm respectively.
 
Barclays £281,204
Nationwide BS £280,300
Skipton BS £275,250
Halifax £268,850
Accord £264,910
Santander £262,550
Platform £251,440
NatWest £250,700
Leeds BS £248,872
Virgin £237,500
Kensington £237,204
Coventry BS         £231,800

As you can see there is nearly £50,000 difference from one lender to another. This can be quite confusing  knowing where to go to get the best deal for your individual services. If you make the wrong choice in lender it might mean you missing out the property you really would want to buy because the lender will not provide you with sufficient funds for the mortgage.

By using a mortgage broker they would be able to research the whole market place and establish who is the most suitable lender for your particular circumstances saving you all the time and effort of having to do the work yourself.

Most mortgage brokers will meet at a time and place convenient to you so removing the inconvenience of having to do all the research yourself. You will be the brokers client and they would work on your behalf not the lenders.

So if you are wanting to get on the property ladder and are not sure how much you can borrow then you need to contact a Mortgage Broker checking that they are independent and whole of market and let them do all the work for you.

Post by manchestermortgagebroker (2016-09-21 07:37)

Tags: money. loans finance uk

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My Mortgage History


I've had a mortgage for let me see... some 25 or so years. In the United Kingdom 25 years is the standard number of years over which is mortgage is paid. If a new mortgage is taken out in this time, it usually has the effect of resetting the clock and the mortgage term begins again from 0,

Street view of RamsbottomI got my first mortgage in 1991 when I bought a house in Wythenshawe, Manchester for £34,500. It's so long ago now that I can't remember who I got the mortgage with but I think it was high street bank, perhaps HSBC or NatWest. Now I come to think of it, it was the Skipton building society. Two years later my wife and I decided to travel overseas and let the house. A couple of days before we went we thought (in our naivety) that we'd call into our mortgage lender's Manchester branch and as a courtesy, inform them of what we were going to be doing. That's when we got a shock, and they told us we were not allowed to do this. We panicked for a few days wondering what on earth we were going to do before it occurred to us "what were they going to do about it anyway?".

Move to 2002 now and we were looking to move. The house in Wythenshawe was no longer suitable for our requirements and we wanted to move to the Ramsbottom area of Lancashire, with it's hills and scenery, away from the inner city feel of Wythenshawe. There was a problem however, I was self employed and therefore unable to provide proof of a regular income. My option of using a high street mortgage broker as I had previously was now closed to me so I had to find an alternative way of getting a mortgage.

Whilst looking at houses in Ramsbottom, one of the estate agents recommended an independent mortgage broker who were at the time known as 'Mortgages 4 U'. They are still trading today, and are known as Manchester Mortgages. They were the lifeline I needed as they were able to find a mortgage and get an offer out to me.

To this day I don't know how they did it, and they helped me again in 2004 when we moved again to a much larger house. Again they provided the necessary step of finding a suitable mortgage provider for me. I was still self employed, but my business had become a company and employed me.

Post by manchestermortgagebroker (2016-09-06 06:55)

Tags: mortgage ramsbottom bury wythenshawe

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Offering Above the Purchase Price


When a property is advertised for sale it is usually at a given price – ie £200,000.

The seller ( vendor ) will then accept offers from prospective purchasers – however in some circumstances if the interest in the property is very strong offers will be made above the asking price – better known as 'gazumping‘.

If you are a genuine cash buyer you can pay what you want for a property as there is no third party – it is just you and the seller – therefore if you offer £ 215,000 to secure the purchase that is your choice.

However, if you require a mortgage on the property this is where it can become tricky as the chosen lender becomes the third party and they have the final say in the amount of mortgage made available on the property.

Lets say you have offered and had accepted a bid of £215,000 and you need a 90% mortgage ( £193,500 which is 90% of £ 215,000 ) therefore you require a deposit of
£ 21,500.

The chosen mortgage lender will appoint a valuer to go and value the property – if the valuer agrees that the property is worth £ 215,000 the mortgage will proceed on the above basis.

If the valuer values the property at £ 200,000 ( and it is the valuer’s valuation figure that counts – not yours, the seller, or the Estate Agent ) the lender will only lend on the lower of either the purchase price or valuation – therefore in this example the valuation of £ 200,000 is the lower figure.

Therefore the lender will only lend 90% of £ 200,000 - £ 180,000 and if you still wish to proceed with the purchase at £ 215,000 you would need to have a deposit of
£ 31,500 available.

If your maximum deposit is £ 21,500 you can always try to negotiate the price with the seller back to £200,000 based on the lenders valuation but if the seller is unwilling to reduce the price then you will have to walk away from the purchase and dependent on the chosen lender and scheme you may have incurred a valuation fee which will not be refundable.

Therefore the message is simple – if you need a mortgage to purchase a property think before offering above the asking price as if you have a fixed amount for a deposit this may not be enough if the lenders valuer disagrees with your inflated valuation of the property.

 

Post by manchestermortgagebroker (2016-06-24 09:51)

Tags: gazumping mortgage home

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WHAT IS A TRACKER MORTGAGE



A tracker mortgage ‘tracks’ The Bank of England Rate.

The Bank of England Rate is set by Bank of England’s Monetary Committee on a monthly basis

Therefore this rate is a variable rate it can increase or decrease on a monthly basis – however it has remained at 0.50% since 5 March 2009

Lenders who offer trackers lend on a % above Bank Of England rate – therefore a lender offering a 2.5% tracker is really offering a deal of 2% plus Bank Of England Rate ( 0.50% )

Like Fixed Rate mortgages a tracker deal will usually apply for a specified time such as 2 years from completion or until a future date such as 01/12/2019

In the event of a change in the Bank of England Rate this will effect the monthly mortgage payment and lenders will amend payments in line with the increase / decrease normally in the month following the change of rate.

WHY CHOOSE A TRACKER MORTGAGE

In today’s market there is not that much difference between the rates offered by lenders for tracker and fixed rate mortgages.

However, back in February 2008 when Bank of England Rate was 5.25% most people were going for fixed rates.

However those who were on tracker rate mortgages soon began to see the rate decrease with Bank Of England rate reducing steadily over that year and by 5 March 2009 settling at the record low of 0.50% which meant decreasing monthly mortgage payments while those on fixed rate mortgage were stuck with higher rates and mortgage payments or faced large Early Repayment Charges ( penalties ) if wishing to change.

WHAT IS A DISCOUNT MORTGAGE

A discount mortgage is a variable rate like a tracker but unlike a tracker which tracks the Bank of England Rate the lender offers a discount off its Standard Variable Rate usually for a set term such as 2 years from completion etc.

Therefore a lender offering a discount of 2% off its Standard Variable Rate which is 4.99% is offering an initial pay rate of 2.99%.

Lenders set their own Standard Variable rates and they currently run from 3.99% to 5.99% so look carefully at the lenders Standard Variable Rate as although they may seem to offer a large discount if they have a high Standard Variable Rate you may still be paying a higher rate than a lender who offers a smaller discount but has a lower Standard Variable Rate.

As stated a discount rate is a variable rate so can increase / decrease over the term offered.

Lenders decide the rate of their own Standard Variable Rate which usually ( but not always ) rises and falls in line with movements in the Bank of England Rate.

WHAT TYPE OF MORTGAGE DO I NEED

We recommend that you speak to your mortgage broker and fully discuss your requirements and circumstances and by doing this the choice of scheme be it fixed, discount or tracker can be determined.

 

Post by manchestermortgagebroker (2016-05-24 12:00)

Tags: tracker mortgage uk

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What is Relevant Life Insurance?



A Relevant Life policy is a tax-friendly life insurance plan typically purchased by a business to cover the lives of their Directors or staff. Some will refer to this type of life insurance as “Death in Service” or “group” life insurance. This type of life policy will usually be built around a multiple of an employee’s salary – often calculated at 3 times annual salary – and any policy pay-out will be made to the employee’s family or estate in the event of their demise or diagnosis of a terminal illness.

Anyone who is “employed” by a UK business can purchase a relevant life policy, including salaried company directors, regardless of annual salary. The monthly premiums are paid by the business rather than by the individual.

Relevant Life benefits at a glance:

  • Tax deductible business life insurance / Let the taxman help pay for your cover

  • Save up to 49% against personal life insurance premiums

  • Easily written into trust to assist with inheritance tax planning

  • Doesn’t form part of your lifetime pension allowance

  • Write off your premiums as a business “expense”.

  • Premiums typically qualify for Income Tax, NI and Corporation Tax relief.

When compared to a standard “personal” life insurance policy, “relevant” life Insurance offers attractive savings which are unlocked through favourable taxation mechanisms. As an employer, it is possible to save up to 49% on monthly relevant life premiums when compared to premiums on a personal policy. There is no compromise on the level of cover provided by the policy but there are substantial financial benefits to be made by writing the monthly premium off as a business expense.

Relevant life insurance is always placed in “trust”, meaning any lump sum pay-out will not form part of the deceased person’s estate and will therefore circumnavigate both probate and any inheritance tax liabilities.

Employers can put relevant life insurance in place for their staff and use it to form part of their benefit package which is often seen as a great “perk”. Many employers see great benefit in the valuable peace of mind that a relevant life policy can give their staff, knowing they’ve got cover in place should the worst happen.

 

Post by manchestermortgagebroker (2016-05-16 12:37)

Tags: insurance life insurance ifa

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WHAT IS STAMP DUTY ?


stamp duty graphicStamp Duty or to be given it’s complete title Stamp Duty Land Tax ( SDLT ) is a tax charged by the Government when purchasing a property in England, Wales, or Northern Ireland ( if purchasing in Scotland please contact us to discuss taxes payable under their scheme )

The latest change to Stamp Duty came into force on 1 April 2016.

Any duty payable is usually payable via your solicitor on exchange of contracts although you do have up to 30 days to make payment from date of completion.

The amount due cannot be paid in instalments and cannot be added onto the mortgage.


RESIDENTIAL PURCHASES

The following costs of Stamp Duty are based on you only having ONE Residential property at any given time

  • Purchase Price % payable
  • Up to £ 125,000 0 %
  • The next £ 125,001 ( the portion from £ 125,001 to £ 250,000 ) 2%
  • The next £ 675,000 ( the portion from £ 250,001 to £ 925,000 ) 5%
  • The next £ 575,000 ( the portion from £ 925,001 to £ 1.5 m ) 10
  • The remaining amount ( the portion above £ 1.5 m ) 12%

Therefore if you purchase a property for £ 125,000 there is no Stamp Duty payable

If you purchase at £ 250, 000 Stamp Duty of £ 2,500 is payable

If you purchase at £ 375,000 Stamp Duty of £ 8,750 is payable

If you purchase at £ 575,000 Stamp Duty of £ 18,750 is payable

If for any reason you have not sold your existing residential property or have other owned properties ( with or without a mortgage ) the following additional Stamp Duty of 3% becomes payable.

 

MORE THAN ONE PROPERTY

 

  • Purchase Price % payable
  • Up to £ 125,000 3 %
  • The next £ 125,001 ( the portion from £ 125,001 to £ 250,000 ) 5%
  • The next £ 675,000 ( the portion from £ 250,001 to £ 925,000 ) 8%
  • The next £ 575,000 ( the portion from £ 925,001 to £ 1.5 m ) 13%
  • The remaining amount ( the portion above £ 1.5 m ) 15%

Therefore if you purchase a second property for £ 125,000 there is £ 3,750 Stamp Duty payable

If you purchase at £ 250, 000 Stamp Duty of £ 10,500 is payable

If you purchase at £ 375,000 Stamp Duty of £ 20,000 is payable

If you purchase at £ 575,000 Stamp Duty of £ 36,000 is payable

However, if you then go on to sell your previous residential property within 36 months of purchasing your new residential property you may be able to claim back any additional stamp duty paid.

 

Post by manchestermortgagebroker (2016-05-05 08:04)

Tags: manchseter mortgage broker stamp duty

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