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Your Move Property Blog

Thoughts, Opinions & Analysis of the UK Property Market

Dealing With Estate Agents – Buy to Let Part 3 of 5

February 10, 2014 09:20 by Admin

Buy to Let - Part 3 of 5 - Your Move

Part 3 of our series on buy to let.  Below are some top tips on how to deal with estate agents when you are searching for your Buy to Let property

  1. Always remember the estate agent’s client is the vendor and they act for them not you.
  2. Where I work, we have  upwards of forty buyers registering with us each week. Not all agents are brilliant at managing their buyers so you (the buyer) have to stand out.
  3. Be specific as to what type of property you are looking for - why, where and when do you want the property.  This detail will enable the estate agent to do a decent job of logging details. If you’re looking in a specific area they operate in and want to buy now you’re a decent buyer.
  4. Make sure you don’t wait for the estate agent to call and keep in regular contact with them. If you ring the agent and keep them on their toes, when a suitable property becomes available you’ll be top of the list for getting in to view it.

Getting an Offer Accepted

  1. The market is fast moving and when a property is reasonably priced, it will shift.
  2. The reality is that anything less than 95% of the asking price in popular areas where supply is very short is unlikely to be accepted and you may end up going over the asking price.
  3. If you’re up against other buyers ask for the opportunity to make a best and final offer so there is closure, and always make offers subject to survey.
  4. It will also do you no harm meeting with the agent’s recommended broker provided they are whole of market (broker can offer a choice of lenders, representative of all lenders out there, rather than a broker who only deals with a limited panel of lenders) as they are trained to give you an end to end service and not just a great mortgage rate.
  5. Also if a solicitor is provisionally lined up, that will only help your cause as you will need to crack on with instructing your solicitor and broker as soon as the offer is accepted and sales memorandum issued.
  6. A good solicitor will be one at the end of the phone, is proactive, specializes in property transactions and is on the lenders panel of accredited solicitors.

By Simon Murray, Financial Consultant Your Move Surbiton

Buy to Let Part 1 - The Basics

Buy to Let Part 2 - Sourcing the Property




Most Common Help to Buy Questions Answered

January 14, 2014 12:14 by Admin

With an increasing number of banks and building societies offering Help to Buy mortgages, Your Move Chris Stonock are seeing a rise in the number of queries about the scheme.  To help answer questions, our Financial Consultants tell us the most common questions they are asked.

Is there a catch with Help to Buy?  What else is involved?

Steve Lynn, Financial Consultant for branches in Houghton le Spring and Washington, said, “there are lots of terms and conditions attached to the Help to Buy mortgage schemes.  As well as requiring a minimum 5% deposit, the maximum purchase price is £600,000 and the scheme is not open to those looking for buy to let properties.  It’s a good idea to speak to a Financial Consultant about these Terms and Conditions to see if Help to Buy would be right for you.”

Who can apply for Help to Buy?  Will lending criteria be a bit more relaxed?

David Clark, Financial Consultant for branches in Chester le Street and Durham states, “you will have to pass financial affordability tests to make sure you can afford the repayments.  Unfortunately, if you do not meet the lenders mortgage criteria and Help to Buy terms and conditions, you will not be offered help.  You will also not be offered help if you are looking for a buy to let property.  However, the good news is you do not have to be under a certain income threshold to use the Help to Buy scheme.”

Can I sell the home I buy when I have a Help to Buy mortgage?

Michelle Fletcher, Financial Consultant for branches Low Fell and West Denton states, “the home you buy with the Help to Buy scheme will be in your name, which means you can sell it at any time. If you have taken a mortgage using the Help to Buy Equity Loan scheme, the equity loan must be repaid after 25 years (or earlier if the property is sold before then)”.

How many lenders are offering the scheme?

David Warnaby, Financial Consultant for branches Consett and Rowlands Gill, “At the end of 2013 the only high street banks offering Help to Buy mortgages were Halifax, Natwest and Royal Bank of Scotland.  However, since the start of 2014 more lenders have announced their deals with potentially more lenders still to announce”.

Our branches are holding open days throughout January and February to help you!

Chester le Street

Saturday 11th January

9am - 2pm

 

Consett

Saturday 25th January

9am - 1pm

 

Durham

Saturday 25th January

9am - 2pm

 

Houghton le Spring

Wednesday 15th January

9am - 5.30pm

 

Low Fell

Thursday 16th January

9am - 8pm

 

Rowlands Gill

Saturday 8th February

9am - 1pm

 

Washington

Thursday 9th January

9am - 5.30pm

 

West Denton

Thursday 30th January

9am - 8pm


For a FREE no obligation meeting* with one of our Financial Consultants, contact your local Your Move branch for more information!


01/14 ADH 178

 

 




Help to Buy - Ultimate Guide

January 3, 2014 11:51 by Admin

Help to Buy is mentioned on the news , radio and newspapers most days, but what is it, and how can it help you get a home?

Well we’ve put together a guide in the form of an infographic to explain the different Government backed Help to Buy schemes.

Click on the infographic to see larger version.

If you want to share or use this infographic, then please do so with a link back to www.your-move.co.uk/help-to-buy.aspx.  

Get the embed code for the infographic




Yarm Property of the Week - Village Location

March 5, 2013 09:06 by Admin

4 Bedroomed Detached House For Sale in Kirklevington, Yarm - Cleveland Manor Garth, Kirklevington, Yarm, TS15 £285,000

A well proportioned four bedroom detached house located in this popular and sought after village location on a corner plot. 

For Sale in Kirklevington, Yarm

The property comprises entrance hall, lounge, dining room, kitchen, study, cloakroom/WC, four bedrooms, master bedroom with en suite bathroom, family bathroom, double garage and block paved drive with additional parking to the rear of the garage and mature gardens to the front and rear.

See full details

Arrange a Viewing

Your Move Scott-Collier Taylor
50 High Street,
Yarm,
CLEVELAND,
TS15 9AH

01642 783902

yarm@your-move.co.uk




This Weeks Property of the Week Stokesley

February 19, 2013 09:23 by Admin

Your Move Scott-Collier Taylor have for sale, this extended, 3 bed property.  Comprises of entrance hall, 24 ft lounge, kitchen, breakfast area (which formed the basis of the original kitchen) , guest cloakroom/ WC, 3 bedrooms and family bathroom. Externally there is off road parking for 2 cars and a detached garage. Open plan garden to the front and enclosed rear garden.

View full details for Linwood Avenue, Stokesley, Middlesbrough, TS9
 

Arrange a viewing by contacting:

Your Move Scott-Collier Taylor

27 College Square,
Stokesley,
Middlesbrough,
Cleveland,
TS9 5DN

01642 711570

Email: stokesley@your-move.co.uk 

View other properties for sale in the Stokesley area




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YOUR MOVE is a multi-award winning estate and letting agent with branches across England and Scotland

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