Bury is a growing an busy town situation north of Manchester but is still part of the Greater Manchester conurbation. Like many parts of up and coming areas, Bury is a very popular place for people to live and there are all sorts of houses available including new builds, those for first time buyer, plenty of larger properties for remortgagers, and many recently constructed buildings for people and families with previous poor and bad credit.
One of the companies at the centre of house and home buying in the Bury area is Manchester Mortgages and I caught up with their Bury mortgage broker Andrew Butterworth. “There’s a large amount of potential for buying a house in Bury” he told me. “But not just Bury, the whole area is thriving with many applications for mortgages made every week”.
I asked Andrew why Bury has become such a popular place for people to want to live. “There are a lot of big selling points to Bury”, said Andrew. “Not only is there the proximity of the M62 motorway which makes Manchester, Leeds and Liverpool easy commutes, there’s the rural beauty of places like Ramsbottom just 10 minutes up the road”. “Also, Bury town centre has recently undergone a large redevelopment known as The Rock. This has bought a large number of large retail businesses into the centre of Bury such that it’s no longer necessary to have to hike all the way to the Trafford Centre to find the big shops”
What future did Andrew see for Bury? “I see it growing into a cosmopolitan hub with lots of different housing available for a very varied and differently skilled workforce” he replied. The closeness of the larger university cities means education and high tech business skills will be in demand but that’s not all, there will also be big opportunities in the service sector too. All these people will need housing and at the moment the mortgage applications I am handling are roughly 5 a week – which is a considerable amount. I broker a wide range of mortgage services including buy to let, first time buyers, remortgages and bad credit mortgages too. Of course I still see plenty of home movers mortgages” (mortgages aimed at people who are either up or downsizing)”.
“There’s a lot of interest in Equity Release too” says Andrew, and this is also accounting for the large amount of money being spent on new build properties throughout Bury and it’s surrounding areas. “Many of the new properties are for the older population – retirement homes and the like, but there are also flats and first time buyer homes being constructed too” he said.