JUNE NEWSLETTER
Welcome to
our Wilkins Vardy Mid Summer Newsletter! For those of you who’ve forgotten what
a real summer looks like, focus carefully on this picture and you can almost
imagine yourself there!
May proved
to be an extremely busy and successful month with record sales and a
consistently high level of new properties to market, although interest levels
remain inconsistent and unpredictable despite ever growing confidence in the
market generally. Are the green shoots coming through at last? Too early to say
but we’ll keep you posted. I’m off to sunnier climes shortly for a couple of
weeks so hope the sun shines for you all here!
Best Wishes
Julia
Julia
Coombs, Director
JUNE’S TOP TIP – THE ORACLE
SPEAKS
Learn from
the Master – Phil Spencer’s invaluable advice for both buyers and sellers…
LOOK AT THIS BEAUTIFUL
TWO BED SEMI IN NEWBOLD FOR £119,950 – READY TO MOVE INTO!
Link to 53Salisbury Crescent, Newbold
PROPERTIES WITH THE GOLDEN TOUCH
As
the latest Bond Movie, “Skyfall” prepared for its release last summer, the
following 10 homes with James Bond connections were for sale, either connected
to 007 himself or his creator, Ian Fleming (N.B property prices correct as of
May 2012)
Click here to read the full article
Click here to read the full article
BACK DOWN TO EARTH WITH
TIM’S BLOG!
From dream
world back to reality, Tim gives you the latest on the mortgage front.
4,000 New Homes Already Secured with
Help to Buy
Tim Malia of
Mortgage Advice Bureau comments upon the success of the Help to Buy Scheme and
the outcome of the recent MPC meeting:
The June meeting of the Bank of England’s Monetary Policy Committee (MPC) marks
the last time that the current Governor of the Bank of England, Mervyn King,
will preside over the interest rate setting and monetary stimulus monthly
meeting.
The Governor
is stepping down from the role at a time when the economic news finally looks
to be moving more consistently in a positive direction. Several economic
surveys in the last week or so have reported business expansion in the service
sector, which accounts for some three quarters of the UK’s total trade, and
importantly, due to the need for us to diversify our economy, expansion is also
occurring in both the construction and manufacturing sectors.
We
understand that at the previous meeting of the MPC in May, King voted in favour
of an injection of 25bn to stimulate the economy, however, the group vote was
to take no action. This notion was
upheld once again at this month’s meeting as the committee voted to maintain
the base rate of interest at 0.5% and to refrain from further asset purchase.
With the
global economy now appearing to finally be heading in the right direction, we
could see this attitude becoming a world-wide trend, with many central banks
looking to refrain from further market intervention.
The Government’s
interventions to stimulate the housing and mortgage markets announced in the
recent budget included the “Help to Buy” scheme, which has been operating for a
little over two months. During that time 4,000 new homes have been reserved.
This initial
take-up is very positive and there are further measures due to come into
operation in 2014 with the introduction of a mortgage guarantee scheme to
enable lenders to offer mortgages at higher Loan to values on re-sale property.
This is likely to give a further boost to housing transaction numbers and
greater access to mortgage finance for those borrowers who have not been able
to save substantial deposits or those whose equity has been eroded.
Mortgage
rates have continued to fall at the beginning of June from May with the average
2, 3 and 5 year fixed rates now at 3.74%, 4.06% and 3.88% respectively.
Borrowers across the country remain firmly in favour of fixed rates with more
than nine out of every ten borrowers during May and cumulatively opting for a
fixed mortgage product.
May has also
seen a positive increase in the number of mortgage products offered to the
market with more than 7,000 mortgage products currently available to the
typical intermediary, almost a 6% increase over April and the highest number in
more than 12 months.
To find out how you could take advantage of the Help to Buy scheme, please call
Tim Malia by calling 07801 810782 or email timm@mab.org.uk.
Your home may be repossessed if you do
not keep up repayments on your mortgage.
There will be a fee for mortgage
advice. The actual amount you pay will depend upon your circumstances. The fee
is up to 1% but a typical fee is 0.3% of the amount borrowed.
STUNNING, EXECUTIVE
STYLE NEW HOMES AVAILABLE UNDER THE “HELP TO BUY SCHEME”
Discover our
superb Brookfield Development on Storrs Road, Brampton, offering a select range
of eight spacious Five/Six Bedroomed Detached Houses backing onto open fields,
and with outstanding views towards the Peak District from selected plots.
(Link to
Brookfield development – use pic as per Neil)
THINKING OF A SECOND
HOME? - HOW ABOUT A BEACH HUT?
To continue
the midsummer theme, ever fancied a daytime residence overlooking golden sands?
– no windbreak needed!
FROM THE BEACH TO THE
COUNTRYSIDE
A
delightfully refurbished Three Bedroomed Detached House adjacent to woodland in
a rural setting for £275,000.
Click here to view details of Waterboard House, Whaley Road
Click here to view details of Waterboard House, Whaley Road
MORE KIND WORDS!
Many thanks
to Mr and Mrs Price of Hasland, who bought and sold through us recently, and
provided their very much appreciated comments as follows:
“We would
like to express our deep gratitude in the huge part played in our move by
Wilkins Vardy. Staff members more than travelled the extra mile, working tirelessly
in maintaining communication with not only our buyer, but also with the vendor
of our new home as well as all of the various solicitors. They kept our spirits
high when the deal looked dead in the water, and I would recommend your
business unreservedly.”
THE GOLDEN SUNSHINE AWARD
FOR THE FASTEST SALE
What a month
May was – so many properties to choose from!
Here are just a few:
37 Rectory
Drive, Wingerworth – on at £225,000 –
SOLD IN 6 DAYS!
30 Ash
Grove, New Tupton – on at £192,500 – SOLD IN 15 DAYS!
7 St. Anne’s
Close, Staveley – on at £174,950 – SOLD IN 6 DAYS!
5 Rednall
Close, Holme Hall – on at £79,950 – SOLD IN 6 DAYS!
79 St.
Lawrence Avenue, Bolsover – on at £75,000 – SOLD IN 3 DAYS!
Another
great month for Team WV – see you in July!
