Moving to Norden?

Norden, Rochdale, LancashireNorden is a small Lancashire village situated between Rochdale and the Rossendale Valley. It’s quite a well to do place with a population of approximately 10,000.

A recent look at a popular web site that lists houses for sale in Norden (https://www.onthemarket.com/for-sale/property/norden/) shows quite a diverse number of houses that would suit those looking to move to a bigger house, first time buyers and landlords looking to invest in a property that they can then let out.

As Norden is a small village there’s a lack of high street shops. Instead you’ll find local stores and a large number of pubs. If you’re looking to find a mortgage broker rather than go into Rochdale the best advise is too look for an independent local mortgage advisor who knows the area and will come out to you.

Another advantage is the speed at which local brokers and mortgage advisors operate. If you have any experience of high street lenders you’ll know it can take months for them to finally offer you a mortgage (provided you get that far!), and in that time you can lose the house because someone nipped in and bought it ahead of you.

Take a look through the pages of this web site and see what I’m currently recommending. Go to the homepage here.

Best wishes, Alan

Buying a house in Helmshore, Rossendale Valley

An old client of mine has recently relocated from Blackburn to Helmshore, Lancashire. Nearly everyone knows what Blackburn is like but few people have heard of the little village of Helmshore, located in the Rossendale valley, close to the town of Ramsbottom, which was recently named as one of the most popular places to live in England. As you can see from this guide, there are quite a few good places to visit in Helmshore.

Recently house prices in Helmshore and Ramsbottom, in fact all over the Rossendale valley have been climbing due to positive publicity like the above. Ramsbottom and Helmshore are quiet and in the countryside, making this a popular area for people who want to buy houses. The towns attract first time buyers and the older age bracket who seek a slower pace of life.

Helmshore

Additionally the East Lancs Railway which runs steam trains for tourists every weekend make this a very popular destination for visitors. Many people come for days out and then decide that they’d actually like to settle down in Helmshore.

There are several estate agents that cover the area – and all are based in Ramsbottom. Local estate agents include Weale and Hitchen, and Pearson Ferrier, but take a look online at what’s available too from the nationwide sites like Zoopla. For recommended mortgage brokers in the area, just scan our web site for our first hand recommendations.

The Rossendale Valley has the lightly used M66 that takes most of the traffic flow from the M60 ringroad, delivering traffic throughout the valley and further on into Accrington and Blackburn.

There is a wide range of housing available, from smaller one bedroomed flats to barn conversions, often with land included. It’s a really beautiful spot around here and a great place to live.

Mortgage Broker Eccles

If you’re looking to buy a house in the Eccles area of Greater Manchester and you need a decent mortgage broker then look no further. In this previous post I talked about a Manchester mortgage lender with a good reputation and I’m pleased to say they also cover the Eccles area.

Of course Eccles has many areas close by that are popular with home buyers – you can take the A57 across to Irlam, or head over the canal to get to the Manchester United ground and Stretford, or you can head towards Worsley and to the popular village of Monton.

Between Eccles and Monton is Green Lane where a new housing development is being built on an old industrial site. A mixture of 3 to 4 bedroom houses, prices are a very competitive £200,000 to £250,000 and a near the canal that comes from the Worsley Golf Course.

Close to the Trafford Centre, the mortgage broker for Eccles also tells me that the housing development is in easy reach of two local schools: Monton Green Primary School and Westwood Park Community Primary School.

Monton has it’s own village web site which you might like to browse here: https://www.montonvillage.org.uk/.

Buying a house close to the Etihad Stadium

Manchester City’s ground is located in what is known as the Etihad Campus which contains the stadium, various training facilities and other related amenities. The owners of Manchester City have put a lot of money into both the club and the city in general. The surrounding areas of Miles Platting , Clayton, New Islington and Bradford / Beswick had all benefit from substantial regeneration and many old and run down buildings have been pulled down and new houses built on the land. Buying a house close the Man City ground is a dream for many die hard City fans and there are plenty available.

Manchester City groundA number of new build flats are for sale in the M11 area of Manchester close to the Manchester City ground (see this link) and at reasonable prices too. Homes buyers can also benefit by getting themselves a great mortgage through companies like Manchester Mortgages, whose main broker for the area, Andrew Butterworth is a life long City fan and season ticket holder.

According to Andy, if you’re looking to buy a house close to the ground, or in the areas of Clayton, Miles Platting and Beswick, good advice is to stay away from the high street mortgage lenders. The reason is that they’ll only tell you about the mortgages available from them. Manchester Mortgages will tell you about the different mortgages available from every lender. Over the duration of a mortgage, their advice will often save clients over £10,000.

There are a number of different properties available close to the Etihad, and the area is ideal for first time buyers, remortgages, home movers, or buy to let agents.

Manchester City fans should contact Andrew at Manchester Mortgages on 0161 706 0242.

Tameside Mortgages

Those of you considering buying a house in the Tameside area of Greater Manchester should consider some local Manchester mortgage brokers rather than the high street options according to Ashton under Lyne councillor David Matthews.

ashton under lyne

“Ashton and Stalybridge have some great houses available to buy, but people are telling me they are finding it difficult to get a mortgage.”

Fortunately the answer is simple, Google something like “Manchester mortgage broker” and you’ll find several companies who will be able to help you find the mortgage you need.

Tameside, containing the areas of Ashton, Dukinfield and Stalybridge has long been a popular area of Greater Manchester for people to live in, and looking at the Rightmove web site for Stalybridge (http://www.rightmove.co.uk/property-for-sale/Stalybridge.html) there are a lot of decent houses on the market.

However, echoing Ashton councillor Matthew’s statement, with house prices this high, getting a mortgage can prove difficult for some people. Most of us see renting a property as “dead money” because the money goes to someone else and you never get to actually own your own home. Most people want to go down the buying route of home ownership so after their mortgage is paid off, they have an asset that they can use as leverage to buy something else, or have a nice nest egg for when they retire etc.

When you get a mortgage always do the maths and work out how much it’s going to cost you over it’s duration. Critical figures are the interest rate of your mortgage and and fixed terms that apply to it. With the feeling that mortgage interest rates will rise over the next few years, it may be a savvy idea to get a mortgage broker who secures you a mortgage where interest rates are fixed for a number of years. This means you will beat any rate rises during this time.

New build houses in Wythenshawe

The area of Greater Manchester known as Wythenshawe is booming. Affordable housing, with great access to the motorway network and the creation of many new jobs from the likes of Amazon and Manchester airport, mean that Wythenshawe is having a property boom.

Wythenshawe, Greater ManchesterAs an area, Wythenshawe has come a long way. 20 years ago parts of it were “no go areas”, it was run down, dilapidated and crime friendly. Now, many of the old decrepit estates of the 1950’s and 60’s have been pulled down and the whole area regenerated by building smart new houses and developments that will attract inward investment and families. One such development is this one in Newall Green, Wythenshawe.

As every house buyer is aware, the cost of housing is not cheap, and new build housing is no exception. As an added incentive (especially for families and first time buyers) to move to Wythenshawe, specialist mortgages can be arranged that offer a significantly better deal to homeowners than what is offered by the usual mortgage.

Better interest rates on mortgage repayments and fixed interest deals are two ways that people buying in Wythenshawe can take advantage of when buying a house. Interest rates are currently low, but they can’t really go any lower, so the only way is for them to rise. By fixing the interest rate of a mortgage for say 5 years, you are guaranteed to be repaying money at this low rate even when interest rates go up.

It pays to be smart with mortgages and getting the right mortgage will save you thousands of pounds over its course.

London vs North West Housing

The North West areas of Preston, Liverpool and the Wirral are popular locations for people who want to live in the north of England. But what’s is like living in the north?

Well, the cost of living is far cheaper for one. The average cost of a house in Liverpool is £107,000 (source: http://www.rightmove.co.uk/house-prices/Liverpool.html), compared with London which is £534,000 (source: http://www.rightmove.co.uk/house-prices-in-London.html). This single statistic proves that the north-south divide ridiculed as non existent by some is actually alive and kicking.

Ok, so house prices are cheaper, but wages are lower too. In this study from Manchester’s Metro newspaper we learn that London salaries are significantly higher than the rest of the country (http://metro.co.uk/2015/11/18/how-does-your-salary-compare-with-the-rest-of-the-country-5511194/). So what have Liverpool, Preston and the Wirral got going for them?

The cost of living is cheaper as well, as is the cost of motoring (no congestion charge) and the food is cheaper too. You could sell you London home for £500,000 and move to a 4 bedroom detached in Liverpool for £140,000, thus netting £340,000 cash in part of your move. If you look after your money that will keep you going for a good while.

It’s similarly far easier to get a mortgage broker to find you a decent mortgage when there aren’t such large sums of money involved. Mortgage advice and mortgage brokers practice an art of finding you the best mortgage for your requirements. They do this by speaking to all the mortgage lenders who provide mortgages that are suitable to your requirements. Don’t arrange your own mortgage, it’s not worth it as you’ll lose out financially. It’s far cheaper for you to arrange your mortgage through a mortgage broker, and their fee are usually absorbed by the mortgaging company too which means that the cost to you is transparent.

So have a read through the posts on this site, there’s lots about mortgages, housing and brokering in the north west. If you want any advice please get in touch with us.

Mortgages in Halifax and Huddersfield

In this interesting article from the Huddersfield Examiner it seems that both Halifax and Hudderfield are vying for a spot on the new Pennine edition of the popular board game Monopoly.

Huddersfield monopoly - housing mortgages

Most of us know what the game Monopoly is, where you move around a board, buying up property that you can then build houses and eventually hotels on. Doing this increases the rateable value of the land you bought. And you charge people when the land on your property, so the more houses the better.

Hudderfield is in West Yorkshire and has many outlying areas such as Longwood and Meltham. Halifax is smaller but popular housing areas like Todmorden and Ripponden are also close by.

Of course for most people buying a house in Halifax or Huddersfield, one of the most important things is to secure a mortgage, which is used to buy the house. Looking across the both areas, I notice that Manchester Mortgages have introduced a new mortgage brokering service in both Halifax and Huddersfield at http://manchestermortgages.co.uk/halifax-mortgage-broker-advisor/.

Getting the right mortgage is of course essential, as getting the wrong one – one with a higher interest rate and restrictive clauses such as not being able to make early repayments back on the mortgage should be avoided. I worked out that getting a 25 year mortgage in either Huddersfield or Halifax can cost you over £25,000 that you could avoid if you shop smart and get the right mortgage. I recommend you take a look at Manchester Mortgage’s new Huddersfield and Halifax brokering service – it should save you money.

Buying a house in Chatburn and Clitheroe

It was during this delightful walk between Chatburn and Grindleton in Lancashire that I started to think how nice it would be to live in an area of Lancashire such as this.

Chatburn today

Most of us find ourselves confined to the urban sprawl of places and districts such as Bolton and Preston, but the towns and villages such as Clitheroe and the Trough of Bowland are absolutely delightful – quite, peaceful and rural. Ideal if you want to get away from the rat race.

clitheroeOne only has to spend 30 minutes in the open spaces of Clitheroe, Chatburn or other similar villages to start to feel a sense of rejuvenation and reconnection to the earth. It’s probably one of the reasons that both places are tourist attractions for walking enthusiasts.

For those wanting to buy a house in Chatburn, Bowland or Clitheroe, I recommend you try the online agencies to see what sort of the properties are available and what prices you can afford, as for getting a mortgage, my advice is to chose a mortgage broker / adviser who is familiar with the area and who can offer you a wide range of mortgages – take a look at the homepage of this site (http://www.mortgagebrokeradvice.co.uk/) for recommendations.

Right, time to get back to my walk!

Mortgages in Irlam

With the housing market reported as sluggish (http://www.telegraph.co.uk/personal-banking/mortgages/sluggish-housing-market-keeps-mortgage-rates-rock-bottom-even/), now is a great time to get a mortgage and get on the Manchester housing ladder. One of the key areas is Irlam, in south west Manchester.

Near to the Trafford Centre just off the M60 motorway is the town of Irlam. As part of Greater Manchester and close to the ring road and several motorways, Irlam is a place that many homeowners are moving to. With house prices starting at around £150k (see here), many people, including younger first time buyers and those with families are seeking mortgages in Irlam.

irlam and cadishead schoolSo what’s Irlam got that makes it a nice place to live?
Well it’s close to Manchester city centre, even closer to the Trafford Centre, and links to Liverpool, Leeds and Bolton are all within easy reach of an accessible motorway route. There’s also the huge swing bridge which connects Urmston and Stretford with Irlam (see http://www.manchestereveningnews.co.uk/news/greater-manchester-news/could-motorists-pay-drive-over-13845889).

It’s also near some of the more upmarket areas as one heads out towards Cheshire, such as Cadishead, Carrington (where the Manchester football teams practice) and Dunham Massey.

Also, as the whole of Greater Manchester is rather a growth area at the moment there is a high demand for mortgages and property. Regular readers of this blog will note that we recommended several mortgage brokers in Manchester, so all you need to do is read our blog a bit more and choose one of the many mortgage advisors we recommend.