I bought my first house in 1991. It cost me £34,500 and it was located in Winton, Manchester. I remember I always told people that I lived in Monton rather than Winton, as Monton was far more upmarket.
A little over 10 years later I took at loss of £10,000 on the house and sold it to a developer – no one else would buy it – for £23,500. It was the best £10,000 I ever lost.
Why ? It got me out of the area which was going nowhere. A friend of mine once told me that it’s far better to have a bad house in a decent area than a decent house in a bad area and she’s absolutely right. My advice is, if you can afford it, always go for the better area. You can improve a house all by yourself. It’s far more difficult to change a bad area as it will rely heavily on other people.
I managed to escape to a nice area with the help of a decent mortgage broker. The high street lenders offered me nothing, I found an independent broker who changed my future. You can’t put a price on this.
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.
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.
Norden 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.
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.
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.
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.
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.
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 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.
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.
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.
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.