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.
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.
Getting a mortgage these days can be tough work – unless you know where to look.
Mortgage brokering experts Manchester Mortgages (see http://www.manchester.com/money/mortgage_brokers_advisors.php) have recommended that anyone looking to get on the housing ladder in Greater Manchester or Lancashire should first talk to them.
Property in Manchester is going very quickly at the moment and although over the last ten years or so the housing market has been static with very little movement on prices, this trend has recently started to change.
Couples and families are now more able to raise the necessary finances to buy a house. For example, in a recent Manchester mortgages case study a family in Ashton were looking to move to Stalybridge, from a 2 bedroomed appartment into a 3 bedroomed house. They had sold their Ashton home within a week of it going on the market and there was competition for the Stalybridge house from 2 other interested parties.
Their mortgage brokers were able to use their considerable knowledge in acquiring a mortgage and get them a confirmed 2.55% mortgage offer over 25 years within one day of confirming their suitability.
With new housing now being built by Manchester Council (see http://www.manchestereveningnews.co.uk/news/greater-manchester-news/new-council-houses-set-built-12557458), there will be considerable interest in getting a mortgage to buy a home from many new people. It’s unknown whether houses are going to be built in either Stalybridge or Ashton but watch this space for more details.