SEPTEMBER NEWSLETTER
Welcome to
our Wilkins Vardy September Newsletter!
Oh those red
hot days of summer, when we basked in the glorious sunshine - doesn’t it seem
ages ago now the rain has returned? Despite this, Team WV marches intrepidly
onwards with a glorious August when our sales total DOUBLED over our August
2012 figure. Come on you buyers, the green shoots are definitely appearing –
time to make your move now while there are still good buys around!
Best Wishes
Julia
Julia
Coombs, Director
THE MERGER OF TWO GREAT COMPANIES!
Wilkins
Vardy Residential Ltd and Derbyshire Surveyors are proud to announce the merger
of our outstanding companies to create Chesterfield’s Finest Estate Agency,
better placed than any other agent to deal with all property matters!
Our
extensive sales and marketing expertise is now complemented by the leading firm
of RICS surveyors in town, with Dan Elliott and his team providing a full range
of surveys including Building Surveys, RICS Homebuyer Reports, Red Book
Valuations and Specific Defect Reports, alongside their wealth of experience and
high customer service standards.
Help is
always at hand - Call into our Chesterfield Office today for a no-obligation
quote or contact Dan Direct on 01246 246605 or email info@derbyshiresurveyors.com to discuss the full range of
services available and any pre or post survey queries you may have.
SEPTEMBER’S TOP TIP
You have the
keys for your new home and plan to rush down to B & Q to start the DIY – BE
CAREFUL – whilst bricks and mortar are generally considered a good investment,
the following should help you steer clear of the pitfalls of over-enthusiastic
refurbishment.
DEFINITELY NO DIY NEEDED
Save your
newly learnt skills and look at this stunning two bedroomed detached bungalow
in Clay Cross, FULLY REFURBISHED AND AT AN ABSOLUTE BARGAIN PRICE OF £129,950!
A PROUD MOMENT IN BOLSOVER!
As I drive
down St. Lawrence Avenue, Bolsover I have to admit to a sense of pride in
seeing FOUR WILKINS VARDY SOLD BOARDS
within 150 yards of each other. Just goes to show, even when it’s raining
there’s always a ray of sunshine somewhere!
Sold – Nos.
75, 79, 99 and 100.
Don’t
despair, there’s still one left – no. 128 - and it’s a real stunner at £119,950
with a beautiful conservatory, as you’ll see!
BRANCH REFURBISHMENT COMPLETE
After a
tediously drawn out, cold and frosty Winter/Spring, we finally managed to
complete the long-awaited refurbishment of the Clay Cross and Bolsover offices
this summer.
Ready for business as usual!
Ready for business as usual!
BUBBLE OR NO BUBBLE, THAT IS THE
QUESTION
What does
the man holding the purse strings have to say? Read on…
SEPTEMBER’S SUPERSONIC SALES – SO FAR!
As usual
Team WV rises to the occasion – here’s the top two super fast sales!
3 Highfield View Road, Newbold
On at
£129,950 – fully on market 4 September, sold subject to contract 11 September
36 Chapman Lane, Grassmoor
On at
£71,950 – fully on market 23 August, sold subject to contract 4 September
TIM’S BLOG – THE MORTGAGE MAN SPEAKS
Another
month brings more words of wisdom from the oracle, to keep you updated on the
mortgage scene. Don’t forget to challenge him to see if he can better your
existing deal – every pound saved is a bonus!
The
number of borrowers choosing variable deals soared in August, particularly
among remortgagors.
To find out
how you could take advantage of best deals available, please call Tim Malia on
07801 810782 or email timm@mab.org.uk.
Your home may be repossessed if you
do not keep up repayments on your mortgage.
According to
the National Mortgage Index from Mortgage Advice Bureau (MAB), more homebuyers
and remortgagors selected variable rate deals in August than in any other month
this year.
Among remortgagors, the number going
for variable interest rates more than doubled from 9.5% in July to 20.8% in
August, a change in consumer behaviour which MAB attributes to the governor of
the Bank of England strongly suggesting that interest rates will remain low for
the next three years.
The
increased popularity of variable
rate
deals may also have been prompted by an increase in the cost of fixed
rates,
with the average two-year fixed deal rising, from the first time since June
2012, from 3.63% in July to 3.69% in August. Average three-year fixed rates
increased for the first time since July 2012, up from 4.02% in July 2013 to
4.06% in August.
Average
five-year fixed rates, on the other hand, fell to a six-year low of 3.83% in
August.
Two-year
trackers fell again in August, as they have done every month this year,
dropping from 3.28% in July to 3.14% in August.
However,
fixed rates remained the choice of the majority, particularly among homebuyers,
with 91.2% choosing a fix in August.
The number
of mortgage deals available continued to rise, increasing by 8% between July
and August to stand at 11,043. MAB calculated that the number of mortgage
products on offer in the UK has increased by 350% in the last four years.
Brian
Murphy, head of lending at Mortgage Advice Bureau, said:
“These
figures clearly show how influential the Bank of England can be on borrower
sentiment. Analysts may question whether interest rates can remain on hold
until 2016 if the economy builds on recent progress and continues to emerge
from the gloom. But the house buying public are clearly open to reassurance
from the Bank, with more people willing to trade in the security of fixes this
month for the benefit of lower rates.
“With
five-year fixed rates falling by 0.05% and two year fixed rates up by 0.06%,
there are still plenty of reasons to consider locking down for longer. With
Londoners bucking the trend this month and fixing in greater numbers, it is
clear that regional variations in market conditions call for careful
consideration from borrowers to weigh up all their options.
“Despite
August being the peak month for summer holidays, activity was still
considerably stronger than the same time last year. In a fast moving market
where conditions are improving every month, a seasonal break is no reason to
delay a house purchase or sale.”
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.
ENDING
ON A HIGH
It’s always brilliant to receive thanks for a job well done,
and this month we are grateful to Ms B of Pilsley for the following comments..
“Thanks so much for your continued support. After a poor
experience with my previous agent I have been more than happy with your
services and would not hesitate to recommend you to a friend”.
Always like to end on a high!
See you next month.
