Category Archives: Manchester

What to consider if you are selling your house in Swinton, Monton or Worsley

I am looking to buy my first house and I am looking around the Swinton, Monton, Worsley area. One of the things I need to find is a decent local mortgage broker.

I am not looking to buy a palace but the state some buyers show / leave their properties to be viewed leaves a lot to be desired.

worsley houseIt does not take 5 minutes to tidy up – I have lost count of the times I have been shown around properties in both Monton and Worsley with the owners underwear (both men’s and women’s ) drying on the radiators, unmade beds and children’s toys all over the floor !

The state of people’s bathrooms is also an eye opener – black mould all round the bath, towels on the floor and condensation running down the walls due to condensation and lack of ventilation. There was a house in Swinton that was particularly bad.

Manchester Mortgages in Swinton got me a great mortgage deal for two Manchester properties I was interested in buying: one in Monton and the other is Worlsey. The Manchester Mortgages office is in Swinton – see below

Manchester mortgage brokers and advisors in Swinton were local enough to provide really sound mortgage advice for both purchases in Monton and Worsley.

And now, back to the state of some of the properties… Kitchens full of unwashed pots in the sink, broken tiles and dripping taps all do not add to the saleability of the property.

Peoples bold choices of wall colour or wallpaper in rooms may appeal to the owner but if selling I would suggest each room is toned down so that a potential purchaser can see the opportunity to change the appearance of the room at a modest cost rather than thinking the whole house will need redecorating straight away.

Again I would suggest that if your property has the benefit of a garden you spend a little time tidying it up so that it can be shown as an advantage rather than a disadvantage to the buyer.

To conclude – if you are selling your property use Manchester Mortgages in Swinton, and if you are wanting a mortgage brokering service in Worsley or Monton, think how a potential purchaser will look at your property – try and think of the advantages your property has and make the most of them – any negatives should also be addressed – keep things tidy and you should not have any problems selling your property.

Also try and be in when potential viewers come round rather than leaving it up to the estate agent – after all you know the house a lot better than the estate agent- I have loss count of the time an estate agent has told me ‘this is the living room ‘ ‘ this is the bathroom ‘ – not rocket science – try asking an estate agent how old the boiler is, when were the electrics last replaced, how old is the kitchen, what the council tax is, how much does it cost for gas and electric each month – they will not have a clue !

Offers Over – How to spot a lazy Estate Agent

I am currently looking to buy my first property around the Chorlton, Didsbury or Withington area of South Manchester and I keep coming across the same problem.

When looking at properties estate agents are not putting the price of the houses at a set figure ie £250,000 but state the price is ‘offers over £250,000 ‘

How does this work – and what is the real selling price of the house – do you offer £250,500 or £255,000, even higher say £ 260,000 plus or beyond.

I was interested in a property advertised by the estate agent at offers over £250,000 and put in an offer of £251,000 only to be advised by the estate agent this would not be accepted as a higher offer had already been put forward.

The estate agent would not tell me what the higher offer was so I offered £255,000 only to be told again this was not acceptable.

Didsbury village, Manchester

Eventually after a bit of cat and mouse with the estate agents I increased my offer to £ 265,000 which was accepted. “Is this how the game works in Didsbury and Chorlton?” I asked myself.

This left me in the position of not knowing if I had offered too much for the property and if any higher offers were received from other interested buyers my offer would then be overtaken and I would then lose the property.

My view on this form of advertising by estate agents as ‘ offers over ‘ is LAZY ESTATE AGENCY – the agents are really saying we do not really know what the price of the property is and this leads to potential purchasers offering more than they wished or being outbid by ‘other potential purchasers’ who may or may not exist – a least if you were at a property auction you have the opportunity to see who is bidding against you.

I spoke to my independent mortgage broker in Wythenshawe who made the point that just because I had offered £265,000 for the property my chosen mortgage lender would send a valuer to value the property and if the valuer did not value the property at £265,000 the lender only lends on the purchase price or valuation WHICHEVER IS LOWER meaning I may have to pay more as a deposit.

As it turned out I never got to valuation as I received a phone call from the estate agent to advise me that a higher offer had been received and accepted – at this point I told the estate agent I was not prepared to play the game anymore and looked for other properties for sale through different estate agents who clearly advertised what the price of the property was.

I avoided any property being sold by local Chorlton, Didsbury and Withington estate agents such as Julian Wadden (https://www.julianwadden.co.uk/), Jordan Fishwick (https://jordanfishwick.co.uk/), Philip James, Gascoigne Halman which were advertised as ‘ offers over ‘ or ‘ offers in excess of ’ – sellers beware of how estate agents advise you to market your sale as it may cause potential purchasers like me to avoid viewing your property.

In my simple view all houses should be advertised at a set price – then at least you know what the price is.

Independent Mortgage Advice in Manchester

Manchester, the capital of the North West of England has a population of approximately 550,000 people, with the larger area of Greater Manchester having over 3 million people living inside it’s boundaries.

Popular areas where house buyers want to live include Wythenshawe, Didsbury, Monton, Swinton and Stockport. In my time, I have lived just outside Monton and Bury. In my experience, finding a decent mortgage broker to suit my needs was essential.

Ramsbottom, Bury during festival weekI found my house in Ramsbottom, Bury from an estate agents called Weale and Hitchen. Most estate agents will have a tie-in to a mortgage advisor that they use, but really if you’re smart, you’ll appreciate that this is often a “I’ll scratch your back if you’ll scratch mine” situation and you’ll often pay over the market rate for the service.

The best advice I can offer for personal experience is to use an independent mortgage broker who (because they are independent) will give you objective advice rather that some subjectively questionable advice.

The advice of an independent broker will usually be charged for, but I found the fee (of approx £395) was absorbed within the first 6 months of mortgage payment as they found me a good mortgage deal that was £70 per month cheaper than the one I’d been advised to take by another advisor !!

How do Estate agents get away with it ?

My wife and myself have been looking to buy our first home after renting for the past 7 years.

We have viewed countless properties but have never been successful when submitting an offer.

We have centred our property search around the Prestwich and Whitefield areas as this would give us good transport links around Greater Manchester.

Greater Manchester

We decided to up our budget as we would be getting help from our parents in respect of the deposit we would have available.

We had got a mortgage in principle from our Mortgage broker with a high street lender and have been ready to go.

Out of the blue we got a phone call from an estate agent Jennie Platt in Prestwich about a property that we had viewed in June but were not successful at the time.

We were told that the couple who had been successful in June out bidding us had changed their mind and would we be interested.

We were very keen on the property and went ahead with our initial offer.

The Estate Agent accepted the offer on behalf of the seller and we submitted our Mortgage application to the lender.

We instructed our own home buyers report independent to the Mortgage company who were providing a free valuation.

When we got the homebuyers report back we were horrified to see the amount of work and potentially expensive repairs that needed to be done.

After consultation with our mortgage adviser we decided to not to proceed with the purchase as there was to much work that needed to be done.

When we advised the estate agent the said they were not surprised because the original purchasers had withdrawn for the exact same reason.

If estate agents know that there is a lot of work to be done and that the property is not structurally sound why do they allow young first time buyers to view and make an offer on something which they are not in a true position to buy.

Who regulates Estate Agents ? Our experience of Estate Agents so far is that they don’t care about their sellers or the buyers. They are just interested in getting their commission.

The industry should definitely have some form of regulation to bring them upto the standards of other people involved in the house buying process.

Data Recovery

In this post we’d like to extend our huge thanks to hard drive experts Data Clinic Ltd for their excellent services in recovering the files and data from our server in double quick time.

Data Clinic LtdBusinesses like ours are reliant on the technology we use so when our computer server crashed on Thursday afternoon we were in a mild panic to say the least. Unable to open any of our files we were imagining the worst – that we’d lose the files for good.

Unable to access our data or get the computer working again we identified the problem to be with the hard disk drives that were in the machine and not working properly. Some colleagues of ours who have more to do with computers and IT than we do suggested we contact Data Clinic’s data recovery service.

We took our server to their local data recovery centre where they identified the cause of the problem being a crashed hard drive. Fortunately they were able to work some magic on the hard drive and rescue our files and our business was back online by Friday afternoon – less than 24 hours after the hard drive problem occurred.

So Data Clinic, this post is for you. Thank you so much for helping us in our hour of need – your services are life saving.

New Homes For Sale in Ramsbottom, Bury, Greater Manchester

Chatterton Place is a select development of new build homes currently being built by Eccleston Homes in the up market of Ramsbottom, Bury in Greater Manchester.

Ramsbottom viewThe reason this news has found it’s way onto the Yaxley site is that this new housing development will be of interest to a great number of people as Ramsbottom was recently voted one of the top places to live in the UK by The Times newspaper.

One of the reasons is the beautiful surrounding greenbelt countryside and the excellent local schools. There are 3 that are OFSTED rated as ‘Outstanding’ – St Joseph’s RC, Hazelhurst Community and Ramsbottom Stubbins which is about 100 yards away from the Chatterton development.

Having lived in Stubbins, Ramsbottom for 2 year myself I can attest to it’s beauty. In fact all my children went to Stubbins primary school and I too would recommend it.

So what is it about living in Ramsbottom? For me it’s the country feel. When I was younger I lived in Eccles and became fed up of the inner city lifestyle. Living in Ramsbottom gives you and your family space to breathe. You can get out an walk in nature, see wild animals and flowers and stroll through many of the local woods. The town is not very big so there aren’t many people, just lots of open green space where you can feel blessed to be living.

Recommended Mortgage Brokers – Ramsbottom and Bury
Here at the Yaxley blog we’re always on the look out for the latest reviews and information about mortgage brokers and advisors in Manchester. To see the mortgage brokers we recommend throughout Bury and Ramsbottom please see our home page

Remortgaging in Manchester

A popular way of raising extra cash for home improvements or to fund a large expense is to remortgage your house. Remortgaging has become very popular in the last few years and is especially attractive to people whose houses have increased significantly in value from when they first got their mortgage.

remortgage your Manchester home

For example if you first took your mortgage out 10 years ago, your house may have cost you £180,000. Now, 10 years later it may well be worth £250,000, so it’s increased in value by £70,000. You can’t spend this £70,000 however unless you sell your house. By remortgaging you get access to this £70,000.

Remortgaging works by switching your mortgage deal to a new one that releases equity and is more suitable for you. Remortgaging can extend the term of your mortgage and reduce the monthly repayments or you can keep your existing mortgage repayment schedule, often at a cheaper cost.

Remortgage Example
Using the above example, let’s say you’ve a house in Manchester that you bought 10 years ago for £180,000. It’s now worth £250,000, and you’ve got £130,000 left to pay on your mortgage, with monthly repayments of £900. Let’s also say that you want to raise £20,000 for some home improvements. Here’s how it works:

You remortgage your house, stopping your old mortgage arrangement and setting up a new one but instead of borrowing the outstanding £130,000 you borrow £150,000. You can set the term to 25 years or keep your existing one. With interest rates considerably lower now than they were 10 years ago when you bought your house you’ll find that you have been able to borrow more money but are paying back less because of the lower interest rate!

Remortgaging your house makes great sense for many people.

Do you live in Greater Manchester?Celebrate the history of the city by finding out where your nearest blue plaque is at https://findery.com/openplaques/notemaps/manchester

Mortgage Broker Didsbury

Didsbury is a thriving community of well to do people within Greater Manchester. The area is mainly inhabited by professionals and has always has a sort of cult kitsch about it. Now with the house pricing increasing significantly with Manchester, Didsbury is no exception, and house prices have risen over the last 18 months or so.

Didsbury

With great places to eat, shop and live, Didsbury is attracting many people to the area. In fact, according to the Manchester Evening News it is Manchester’s most expensive suburb (see https://www.manchestereveningnews.co.uk/news/property/buying-a-house-in-didsbury-12924443). It’s interesting then that it attacks so many first time buyers too.

“But how does a first time buyer afford a house in Didsbury?” I hear you ask. Well it’s all to do with clever mortgage planning. The chances of first time buyers getting a mortgage in Didsbury from a high street mortgage lender are slim to say the least, however, this is where independent brokers who specialise in Didsbury come into their own.

This is because they are able to find mortgages offered by all lenders, not just those of the Halifax, RBS, Virgin etc. Quite often these larger companies won’t offer you a competitive rate, or even a mortgage deal at all, but smaller lenders (e.g. https://www.coventrybuildingsociety.co.uk/) will be interested in lending you the money – and at a competitive rate too.

So my advice if you’re looking to buy a house in Didsbury is to use an independent mortgage broker. Look around some of the other pages on this site for recommendations.

Channel 4 move to Salford

Salford is one of the cheapest areas of Manchester to live. Officially of course, Salford is a city in it’s own right and is separate from Manchester. And now with the recent announcement by Channel 4 that they are moving to Manchester (http://www.manchestereveningnews.co.uk/news/channel-4-should-move-salford-14036549), Salford is set to become a boom area for housing and mortgages.

salford university stationSalford is divided into various areas such as Broughton, Claremont, Irwell Riverside, Kersal, Ordsall, Langworthy and Weaste. Mortgages of many different types are available for first time buyers, buy to let, remortgagers and homeowners. Ensure you get a good mortgage deal by seeking out a good mortgage broker: someone who can supply you with all the mortgages available from all the different mortgage brokers, rather than just those of a specific company. Did you know that if you go to the Halifax for a mortgage in Salford, they will only tell you about THEIR OWN products that cover Salford. Similarly if you go to First Direct, they will only tell you about their own products that they offer in Salford.

Salford has good rail links too, with many stops only 5 minutes away from Manchester. Here’s a picture of Salford station, from the University, which is also good.

The moving for Channel 4 to Salford is just one factor that will do a lot for the area of Salford. Expect house prices to rise shortly and property becomes more desirable.

Bredbury, Burnage, Stockport and Mortgages

If you live in the Greater Manchester area, then you’ll probably be familiar with the areas of Burnage and Bredbury. To most Mancunians, Burnage is a poor part of Manchester where the band Oasis came from, and Bredbury is a posh part of Stockport. The two places aren’t that far away geographically, but in terms of house prices and the type of accommodation available they vary considerably.

house for sale in manchester

Bredbury and the well known Bredbury Hall Hotel are both popular areas for homebuyers and home movers. There are less buy-to-let properties available than in Burnage, and more of the desirable 3, 4 and 5 bedroom detached properties that you’d expect from such a smart area.

Rightmove estate agents (http://www.rightmove.co.uk/property-for-sale/Bredbury.html) is currently selling 3 bedroom detached bungalows in Bredbury for £300,000 whilst detached houses of smaller size are going for less money. Mortgage experts Manchester Mortgages are advising potential home buyers to be careful in choosing the right mortgage as a poor decision of mortgage lender could reflect in a mortgage overspend of £10,000 or more.

Available houses for sale in Burnage are also highlighted by Manchester Mortgages as being potential traps for people getting the wrong type of mortgage. It’s our advice to (a) choose the area you wish to live in carefully and (b) choose your mortgage broker carefully. Always consider your options when it comes to mortgage lender.