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 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.
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.
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.
If you’re looking to buy a property in Greater Manchester, may I suggest that you look at the Manchester Evening News’ Property Pages at http://www.manchestereveningnews.co.uk/news/property/
While it’s not ideal for locating your dream house in a specific area, it is good for getting a feel of various areas of Manchester, new housing projects and the latest information.
For example you’ll find that Rusholme and Withington are areas of cheaper housing but higher social problems, whereas Cheadle Hulme and Dunham Massey are far more affluent areas with lower crime but high house prices.
Once you’ve got some areas you’d like to start looking at houses in, simply Google something like “Houses for sale in Withington” or “Houses for sale in Rusholme”. What will be returned with be Estate Agents and mortgage brokers in that area. Then you can either visit their web sites to browse the houses they have for sale or call in and speak to them.
For example a recent post in the MEN (http://www.manchestereveningnews.co.uk/news/property/buying-a-house-in-hale-13734144) discusses the very high property prices in Hale and Altrincham, where prices are only affordable for very few people.
Know that you’ll need to be in full time employment (ideally) and have a substantial deposit in order to buy a house.