August 2012

Mortgage famine for first time buyers

Many people still hanker after the good old days when beer was cheap, money was cheap and if you were just breathing, you could get a 100% mortgage.  Fast foward to 2012: beer is very expensive, money is still cheap if you can find it anywhere and mortgages are atill available after someone has passed a secret police interrogation.  Figures recently released from a comparison website show that the number...

Mortgage lending on the increase? Possibly?

The Council of Mortgage Lenders announced this week that mortgage applications in July were 8% higher than the previous month.  Is this the start of an upward trend?  Well before we all get too excited, let's remember that mortgage lending in 2011 was £140 billion as opposed to £345 billion in 2007.  That is an awful lot of monthly increases needed to get back to where we were.  On the other hand,...

The truth, the whole truth and nothing but the truth??

In all things in life, when making an important, possibly life-changing decision, one needs to be in possession of factual information.  After 30 years in the estate agency business, I am still stunned and saddened when fellow estate agents get so desparate that they forget how to promote their professional service and concentrate instead on reasons why you should not use another agent.  When considering...

The power of the internet…

Speaking as someone who struggled with my Walkman (remember those?) in the 1980's, the advent of social media and the world's increasing reliance on Facebook to let people know what is happening in their lives has left me with a certain sense of bemusement and a genuine query of "Is it of any use in business?"   Seeing the photos of somebody's stag party is entertaining, but as a means of selling a...

New Inn bungalow now available

***BUNGALOW***** A modernised and extended semi detached bungalow in the ever popular residential area of New Inn  enjoying access to local shops, bus and rail links. Set on a level plot and located in a cul de sac the property offers the following upgraded accommodation entrance porch, hallway , dining room , extended L shaped lounge, re fitted galley style feature kitchen, two bedrooms, office/ 3rd...

Changing your mind…

Over the past few weeks I have noticed an increasing number of people changing their mind at the last minute before exchange of contracts; not withdrawing their offer, but trying to re-negotiate the price.  Whether this is because people are being cautious as the media casts further warnings of impending financial doom or whether it is people trying to be a bit clever and back the vendors into a corner...

Make us an offer

We are currently marketing a property located on Channel View Penygarn Pontypool. The full details are available on our website and rightmove, zoopla, propertyfinder and findaproperty. Our vendors will now consider a serious offer for this property. Please contact the office to make a...

Ask a professional….

"Soaring rents, rock-bottom interest rates and sliding house prices are encouraging more would be investors to consider a buy-to-let property" Larisa Brown , Daily Mail, Wednesday July 25, 2012.  I couldn't have put it better myself but would offer just a word or caution to prospective buyers.  Of course it really is a great time to buy a property with the plan of renting it out, thus earning far more...

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