I’ve recently provided some mortgage advice for a couple looking for buy their first house in Stalybridge.
Stalybridge is a town in Tameside, Greater Manchester. One of it’s closest well known landmarks is the Ethihad Stadium, home to Manchester City football club.
I looked at https://www.rightmove.co.uk/property-for-sale/Tameside.html for houses for sale in Tameside and then looked for a mortgage broker. Finding a mortgage broker in Manchester was tricky as I was looking not only for a first time buyer mortgage but I needed advice about remortgaging my existing house too.
Next to Stalybridge in Ashton which also has a masonic hall. Remortgaging the house in Ashton to buy a house in Stalybridge was the only option available. The current mortgage rate is between 1.99% – 2.39% on mortgage amounts over £100,000, below that the rate will be higher.
Always look at your mortgage offer and consult a mortgage specialist to make sure you get the best prices available.
There’s a lot of new building and housing developments underway in Manchester City Centre as anyone who has driven through it or works there will tell you. This is not surprising with house prices in London being ridiculously expensive that most people can no longer afford to live there.
So Manchester therefore looks very attractive, and you only have to go along to Piccadilly Station in the morning to see all the commuters who each day travel to and from London for work. Some would say this is quite a good idea really as you can get a lot of work done in the train.
As so many people are wanting to live in Manchester there is a lot on new build housing being built (see http://www.rightmove.co.uk/new-homes-for-sale/Manchester-City-Centre.html). Mortgage brokers in Manchester have been very impressed with the new housing developments around the Manchester City football ground (see my earlier post here).
Prices in the centre of Manchester are more expensive than areas outside, but this is to me expected, getting yourself a decent mortgage advisor is then next crucial step – as I repeatedly say, DON’T use a high street broker – their deals are rubbish, use and independent mortgage advisor and you WILL save yourself thousands of pounds throughout the duration of your mortgage.
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.
A 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.
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.
As 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.
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.
So 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.
Mortgage specialists Manchester Mortgages have been posting articles about Manchester related mortgage issues on their Facebook page for months (https://www.facebook.com/manchestermortgages/). Now with the Government plans for a dementia tax, they are offering specialist advice for those people affected by dementia.
A unique reminiscence Room has been created at a care domestic in extra Manchester to help those suffering from dementia.
it is was hoping the room at Fiona Gardens in Trafford will help jog the recollections of dementia patients and inspire different elderly residents to re-hook up with their past.
A body of workers have designed it to copy a Nineteen Fifties residing room, complete with stereogram, sewing gadget and typewriter and furnishings donated from local citizens.
Dementia influences more than 850,000 human beings within the united kingdom. Contact either Alan or Andy at Manchester Mortgages for further advice.
It’s a big move, buying a house, but according to this article the BBC web site, there will soon be an abundance of cheap mortgages on the market that are available to many people.
Having these products on the market does not mean that they will be easy to find though. One of the major constraints to people getting the best mortgage deals that are available to them is the problem that many mortgage lenders only provide a small number of mortgage products and ignore all the others.
The reason they do this is usually profit. Companies will only offer the best deals for them. For example, if we take the up and coming Manchester area of Wythenshawe, many brokers provide mortgages to customers on which they (the brokers) will profit the most.
The best way to avoid falling into this trap is to use an independent mortgage lender. Why? Because independent mortgage lenders can offer products from the whole of the market rather than just a hand picked selected few. Again, going back to Wythenshawe, many mortgage companies will offer 20 or so mortgages to people wishing to move into the area, but by comparison there are actually 177 different mortgages available!
So, shop widely and wisely to find the best mortgage for you.
When I wanted to find a buy to let mortgage I didn’t really have the first clue about where I’d go to find what I wanted. Most of us think the bank is a good first bet, but you’d be wrong about that. According to this document published on the RBS web site there are 4 key stages in getting a mortgage, but what they don’t tell you is that the average amount of time it takes you to get a mortgage through a bank like RBS is 4 – 6 months!
If you find this information ridiculous then you are not the only one. Research shows that many people are now stopping using banks for their mortgage needs and are instead turning to independent (or ‘whole of market’ mortgage brokers). These are mortgage advisors who recommend products from across the range, rather than from just one bank or building society and are therefore often to recommend extremely competitive products to their clients.
In Manchester there are a few of these advisors and they specialist in buy to let, first time buyer, remortgage and poor credit mortgages. You can also take the advice of experts on money forums such as moneysaving expert. Specialists like http://forums.moneysavingexpert.com/member.php?u=2524714 are ideal people to ask for mortgage advice.