£750,000 Pucklechurch - Detached Cottage & 3 Acres

Besley Hill Town and Country Homes are pleased to offer for sale this detached cottage located within a popular semi-rural location and surrounded by approximately 3 acres of land. This property is offered for sale with no onward chain and, in our opinion, is displayed throughout in very good condition and an internal inspection is highly recommended.

With no onward chain accommodation includes; Entrance hall Lounge 18’ x 15’ Dining room 13’8 x 12’8 Breakfast room 14’4 x 10’5 Kitchen/diner 22’4 x 12’2 Utility room 10’4 x 8’4 Cloakroom Bedroom one 18’7 x 14’7 Dressing room 14’3 x 8’2 Ensuite Bedroom two 13’4 x 13’ Bedroom three 15’ x 11’8 Bedroom four 14’3 x 10’6 Family bathroom Double garage Ample off street parking UPVC double glazing Gas heating Security alarm Ref: DO9257

For further information and an appointment to view contact the vendors selling agent: 10 Badminton Road, Downend, Bristol, BS16 6BQ

Tel: 0117 9561234 E-mail: downend@besleyhill.co.uk

Alternatively click on the link for more information;

http://www.besleyhill.co.uk/propertyDetails.php?pid=303928

£285,000 Rural Hamlet - Near Wotton under Edge

With lovely countryside views to the rear, this deceptively spacious cottage can be found in the desirable hamlet of Huntingford, Gloucestershire.

Only on interal inspection can you fully appreciate the light and airy feel of the cottage which offers, entrance hall, sitting room with wood burning stove, 19` fitted kitchen/breakfast room, conservatory overlooking the garden with countryside views and downstairs cloakroom.

To the first floor, three bedrooms and newly fitted contemporary bathroom.

To the outside, you will find off street parking to the front and an enclosed rear garden with views.

For more information and your appointment to view - click on the link here:

http://www.besleyhill.co.uk/propertyDetails.php?pid=297446

£349,950 Period Home in Berkeley

DESCRIPTION

An exceptional grade II listed town house, occupying a prominent position in the historic castle town of Berkeley. The property has been beautifully restored retaining many of its stunning period features including a grand entrance hall with sweeping staircase, arched and sashed windows with working shutters, ornate corniced ceilings and flagstone and polished and wood floors. Great care has been taken to sympathetically restore this property and the accommodation is generous having two large main reception rooms, beautifully fitted kitchen with range and on the first floor there are three double bedrooms, two bathrooms and further attic rooms which could provide additional bedrooms (subject to building regulations). There is a delightful courtyard to the front providing garden and off road parking for several cars.

LOCATION

The house is away from the hustle and bustle of the town centre, despite being within a few minutes walk from the local shops and towns ammenities. Berkeley itself is surrounded by scenic Berkeley hunt countryside and conveniently positioned for the A38/M5 motorway. There is a main line train station at Box Road, Cam; serving Bristol to London via Gloucester.

For Full details click on the link: http://www.besleyhill.co.uk/propertyDetails.php?pid=322187#

Mortgages for borrowers with small deposits up 50%

Mortgage’s for those with a small deposit has increased by over 50% during the past year.

Now there are just over 1,000 different mortgages on the market for people with 20pc or less to put down, up from only 523 in December last year, according to Moneyfacts.co.uk today.

Biggest jump - has been in deals for people with a 20pc deposit, with these soaring by 151pc to 384 during the past year.

The number of different products for borrowers with just a 10pc deposit has jumped from 116 to 204.

The average cost of a loan for someone borrowing 90pc of their home's value is now 6.09pc, down from 6.41pc a year ago, but still significantly higher than the average interest rate charged on a two-year tracker for all loan to value ratios (LTVs) of 3.48pc.

The interest charged on mortgages for people with a 15pc deposit has seen a bigger drop, falling from an average of 6.40pc to 5.09pc during the past 12 months, while loans for people with a 20pc deposit now typically charge 4.63pc, down from 5.58pc, although these are still well up on the rates paid by people with bigger equity stakes.

Today’s typical first-time buyer is still finding an average deposit of 24pc, broadly unchanged from a year ago, according to the Council of Mortgage Lenders.

A spokesman from Moneyfacts said: "Borrowers with smaller deposits are seeing signs of improvement, but the rates on offer to borrowers with just a 10pc deposit remain high”.

VICTORIAN HOME IN QUIET LOCATION

A Victorian three-bedroom mid-terrace property at Fishponds, on the market for £175,000, has an attractive natural stone front.
The accommodation of 14 Stanbury Avenue, which requires some updating, comprises a lounge, separate dining room, large kitchen/dining room, three double bedrooms and bathroom.
Further benefits include gas central heating and a good size enclosed rear garden with patio area and lawn.
The property is situated in a quiet backwater position on a tree-lined road and has good access to Bristol city centre and the M32 with nearby Staple Hill and Fishponds high streets offering a good range of shops, banks and schools.
“We would highly recommend a viewing to appreciate all that is on offer,” say the agents, Besley Hill Estate Agents.
For further information contact them at 764 Fishponds Road, Fishponds, Bristol BS16 3UA, tel (0117) 965 3162, email fishponds@besleyhill.co.uk

SPACIOUS HOME WITH VIEWS OVER FIELDS

Situated on a private road in the BANES catchment area of Whitchurch, on the southern edge of Bristol, this detached four-bedroom home offers spacious and well-presented family accommodation.
The property, Rosemead, on Staunton Lane, Whitchurch Village, has been extended but still retains character features with stripped wooden doors, working fireplaces and hand-made kitchen.
The accommodation comprises kitchen/breakfast room, lounge, second reception room, four bedrooms, bathroom and separate shower room.
Further benefits include oil-fired central heating, double glazing, double garage with ample parking, pleasant garden and front views overlooking fields.
The 26ft x 9ft 3ins kitchen/breakfast room incorporates a hand-made kitchen with base and drawer units, Belfast sink with mixer tap over, solid oak work surfaces, tiled floor and spotlights.
Outside, the front garden is mainly paved, together with mature shrub and tree borders and driveway providing off-street parking leading to a
double garage; the side garden contains a wooden potting shed; and the rear garden has a patio area, lawn and shrub and hedge borders.
"Properties of this calibre are sought after in Whitchurch Village and an early viewing is recommended," said estate agent Lynne Derrick.
For further details of Rosemead, which is priced at £435,000, contact Lynne at Besley Hill Town & Country Homes, 91 Bristol Road, Whitchurch Village, Bristol BS14 0PS, tel 01275 891444, email whitchurch@besleyhill.co.uk

NOW'S THE TIME TO LOOK AT YOUR MORTGAGE

Now is a good time to consider whether you have the best mortgage to meet your needs, according to a leading Bristol financial adviser.

“Mortgage brokers can offer a wide range of competitively priced products,” said Patrick Ennis, of the award-winning Mortgage Advice Bureau.

“In fact, mortgage product availability is at a post-credit crunch high with almost 5,000 products typically on the market.”

Mr Ennis is one of a team of MAB representatives providing financial services for Besley Hill Estate Agents at their 17 offices throughout Bristol and Gloucestershire.

He said borrowers could pre-empt any rise in rates by taking advantage of the competitive mortgage products currently available.

Many had already done so with the number of people remortgaging as a proportion of total borrowers rising from around one in four in September to nearly one in three last month.

Mr Ennis’s comments came as the Bank of England decided to retain the Bank Base Rate at half of one per cent for the twentieth consecutive month.

“Positive economic growth figures and an above target inflation level suggest that interest rate rises could rise as the economy looks in mildly better shape than most forecasters had predicted,” he said.

“So it would be prudent for any homeowner to consider whether they could benefit from having a review of their mortgage and protection needs.”

Fixed rates continue to increase in popularity with almost two thirds of borrowers electing to fix their mortgage repayments in October.

The price of the average two-year fixed rate mortgage in November edged up marginally in the last month to 4.48% while five-year fixed rates continued to decline, reducing from 5.36% in October to 5.32% in November and from 6.20% twelve months ago.

Shorter-term Tracker products, like their fixed rate counterparts, also edged up marginally in the last month with two-year deals now averaging 3.53%, but still down from 3.78% twelve months ago.

“I would emphasise that these are average rates and many best buys are below these levels,” said Patrick Ennis, who is based at Besley Hill Estate Agents’ Fishponds office (tel 0117 965 3162).

MAB was voted Best Mortgage Broker and Best Protection Broker in the 2010 Mortgage Strategy Awards.

To arrange a one-to-one review of your mortgage and protection requirements, contact their representative at your local Besley Hill Estate Agents branch.

"STUNNING" FOUR-BEDROOM COTTAGE

The Terrace at Horton Hill, Horton, near Chipping Sodbury, is described by the agents as a “stunning” four-bedroom cottage.
Originally built as two cottages, the property has undergone complete refurbishment and now provides modern, well-appointed accommodation with many character features.
The ground floor comprises a hallway with cloakroom, 23ft lounge/diner, an attractive kitchen with integrated appliances and granite worktops, utility room and a further reception room. There are four good-size bedrooms (two with en suite shower rooms) and a family bathroom upstairs.
Other benefits include Upvc double glazing, oil central heating, off street parking, inset lighting, oak floors and doors, double wardrobes to three bedrooms, stone fireplaces with wood burners and newly fitted carpets.
There are gardens to the front, side and rear of the property which are enclosed and mainly laid to lawn and patio, together with gated access to the rear of the property leading to off street parking.
For further details of this distinctive cottage, which is priced at £449,950, contact the agents, Besley Hill Town & Country Homes at Chipping Sodbury, tel 01454 313575, email sodbury@besleyhill.co.uk

EXECUTIVE-STYLE HOME IN SOUGHT-AFTER AREA

An executive-style four-bedroom detached house, situated at Harts Croft, Brimsham Park, one of the most sought-after areas of Yate,is on the market.
Priced at £394,950, the property provides well-appointed accommodation including an L-shaped hallway with cloakroom, 23ft lounge, dining room with “band stand” window, kitchen, utility and study on the ground floor.
Upstairs are four generous bedrooms, all with fitted wardrobes and the master with en suite, and a family bathroom.
Further benefits include gas central heating, Upvc double glazing, a double garage and off street parking for four cars.
The attractive south-facing rear garden is mainly laid to lawn with mature shrub, tree and flower borders, a large patio area and a further ‘secret’ patio.
The home is well placed for both Bristol and Bath City centres and all motorway connections.
For further details contact Besley Hill Town & Country Homes at Chipping Sodbury, tel 01454 313575, email sodbury@besleyhill.co.uk

House prices up 1.8% in October

House prices increased by 1.8% in October, but prices are still 2.3% lower than at the end of 2009, the latest Halifax House Price Index shows.

The average house price now stands at £164,919. Prices in the three months to October were 1.2% lower than in the preceding three months. Halifax says house price data on a quarterly basis provides a clearer indication of the overall market trends.

The underlying pace of house price growth has turned moderately negative in recent months. The rate of decline, however, is significantly lower than the quarterly rate of decline of -5% to -6% during the second half of 2008.

Martin Ellis, housing economist at Halifax, says there has been a very mixed picture of monthly house price rises and falls throughout 2010, which continued in October with prices rising by 1.8% following September’s decline, reflective of flat house prices.

He says: “The rate of decline in prices on the three month-on-three month measure is markedly less than the quarterly declines of more than 5% recorded during the second half of 2008.

“An increase in the number of properties available for sale in recent months, together with a decline in demand, has put some downward pressure on prices in recent months.

“We do not believe that prices are set to fall sharply over a sustained period. Interest rates are likely to remain very low for an extended period, which will continue to support the improved mortgage affordability position for homeowners. Low rates and stable employment levels are benefiting homeowners.”

Source: Mortgage Strategy 04.11.10

I Know What I am Talking About!

Read my interview with local conveyancing lawyer - Paul Hajek of Clutton Cox & Co here;


http://www.cluttoncox.co.uk/site/library/blog/blogpost/estate_agents_who_know_adam_offer.html

Mervyn King says UK house prices have recovered by two-thirds

Bloomberg reports that Bank of England Governor Mervyn King says UK house prices have erased about two thirds of their losses caused by the financial crisis.

While there are no “evident” signs of a recovery in the US housing market, Britain’s property prices have erased about 10 percentage points of the 15 per cent drop they endured after mortgage lending dried up in 2008, King said during questions at an event organized by the Economist magazine in New York today. Rates of arrears in the UK remain “much lower” than they were in the 1990s, he said.

The UK planning system guaranteed a lack of housebuilding, King said. The common factor between the property markets of Britain and the US is that they were driven higher by low real interest rates, he added.

Our thoughts: "not too sure where these numbers have come from - but the market has definitely been busier this year than last with prices for good homes in good locations holding up well" says Adam Offer Group MD for Besley Hill

Source propertydrum.com 26.10.10

Talk of a double-dip recession had no basis in fact says Treasury – GDP figures show recovery is steady.

George Osborne has said that better-than-expected UK economic performance figures show the recovery is "steady".

The Office for National Statistics (ONS) suggests the economy grew at 0.8% between July and September - twice the rate expected by many analysts.

The chancellor said this would improve confidence, with Treasury sources adding it showed the risk of a "double-dip" recession was being overplayed. But Labour said the speed of spending cuts could damage the recovery.

The latest gross domestic product (GDP) figure follows 1.2% growth in the second quarter of the year, and is double the 0.4% expected by analysts. But the data is only a first estimate, and may be revised.

The Cabinet, which met for 45 minutes earlier on Tuesday, was dominated by discussion of the GDP figures and the government's growth strategy, Downing Street said.

The economic situation was still "relatively choppy," the prime minister's official spokesman said, but the growth figure "is something we can take confidence from".

Mr Osborne, as chairman of the cabinet's economic affairs committee, would now be leading a "ruthless focus on growth" by going through each government department in turn to push for greater efficiencies and deregulation and "clear any bottlenecks," the spokesman added.

'Broadly based'

Commenting on Tuesday's economic data, Mr Osborne said: "Today's figures show the economy continuing to grow, at double the rate the market expected and the fastest rate for the third quarter since 1999.

"Just like the second quarter, the growth is broadly based and the lion's share is coming from the private sector.

"The ONS believe that the underlying growth in the third quarter was 'broadly similar' to the strong second quarter. This gives me confidence that although global economic conditions remain choppy, a steady recovery is under way."

But, for Labour, shadow chancellor Alan Johnson said the figures showed that growth has slowed in third quarter of this year.

"They also show that momentum remains from Labour's support for the economy - especially the construction sector.

"The risk going forward is that the government has a plan to cut one million jobs, but no plan to support the private sector in replacing them.

"Yes, the deficit needs to be reduced - but it needs to be at a pace that the private sector can manage."

Treasury sources told the BBC the GDP figures were welcome news, adding that talk of a double-dip recession had no basis in fact.

Source: bbc.co.uk 12.01pm 26.10.10

CONSISTENCY FOR 19 MONTHS

Rupert Swetman, a financial advisor with Mortgage Advice Bureau at Besley Hill Estate Agents’ Bedminster, Bishopston, Whitchurch and Bishopsworth offices, comments on the Bank of England’s decision to retain the Bank Base Rate at half of one per cent for the nineteenth consecutive month.
With the recent announcement concerning the planned changes to Child Benefit, other possible tax rises and with further significant reductions to public spending announced in the Spending Review, the public have got an insight into the impact that some of the changes are going to have on personal incomes.
This does not bode well for customers as almost everyone is likely to see some reduction in income. However, we continue to see a high degree of competition amongst lenders to attract those borrowers who are looking to either move home or remortgage.
The price of the average two-year fixed rate mortgage in October, as reported by Moneyfacts, has fallen again in the last month to 4.48%, down from 5.13% twelve months ago. Furthermore, the price of the average five-year fixed rate has also continued to reduce to 5.41% in October from 6.23% twelve months ago.
Fixed rates are not the only products in the market that have fallen; the price of the average two-year tracker deal has fallen back to 3.54% from 3.75% twelve months ago.
This demonstrates that lenders are attempting to encourage borrowers to enter into what are low rates in comparison with historic levels.
In addition to reducing mortgage interest rates, we have also witnessed a further increase in the number of mortgage products typically available to brokers with product numbers rising to 4,913 in the first week of October. This is a marked turnaround from twelve months ago when product numbers were less than half this level and a post “credit crunch” high.
Until the public are in a position to fully assess the impact of the Spending Review from a personal perspective, we envisage that fixed rates will be the main choice of product for borrowers because of the certainty they provide in helping stabilise household budgets in times of wider economic uncertainty.
*For further information on how the latest base rate decision affects you, call Rupert Swetman on 07773786004, email him on ruperts@mab.org.uk or contact your local Besley Hill Estate Agents office.

PRETTY DETACHED PERIOD COTTAGE

A pretty detached period cottage is on the market for £309,950 with Besley Hill Town & Country Homes at Chipping Sodbury.
Situated on Tortworth Road at Cromhall, a desirable South Gloucestershire village, The Coach House offers well-presented accommodation full of character and charm.
The property is arranged over three floors and includes entrance porch, lounge/diner, kitchen/breakfast room and a modern white family bathroom.
There are also two generous bedrooms, both with lovely views over open countryside, and a third bedroom/study.
Further benefits are a single garage with additional outbuilding attached and a good size enclosed rear garden.
The lounge/diner, measuring 28ft x 13ft 10ins, has two Upvc wood grain effect leaded double glazed windows to the front, window seats, feature stone fireplace with wood burner, exposed stone walls and beamed ceilings.
The 20ft x 13ft 8ins kitchen/breakfast room comes with a range of wall and base units with rolled edge work surfaces, Aga range cooker, inset 1.5 bowl stainless steel sink unit, beamed ceiling, tiled floor and inset spotlights.
Outside, the elevated terraced garden to the rear of the property is mainly laid to lawn, enclosed and with sunny aspect. There are mature shrub, palm and fruit trees and two patio areas, outside tap and shed housing the central heating boiler.
There is a single garage which has power and light supply and an up and over door. An outbuilding with power and light supply is attached to rear of the garage providing useful storage/workspace.
“The property is offered for sale with no upward chain and sure to create a lot of interest,” say the agents, who recommend early viewing of this charming cottage.
Contact them on 01454 313575, email sodbury@besleyhill.co.uk

VICTORIAN HOME AT HORFIELD TO RENT

Looking for a house to rent with two double bedrooms in the Horfield area of Bristol?
Then 33 Boston Road,a Victorian middle-terrace property, should fit the bill.
The bay-fronted house, which is available part-furnished for £675pcm from 8 November, also has two reception rooms.
Further benefits include gas central heating, white suite bathroom and garden.
The property is located minutes away from the A38 Gloucester Road, providing good access to the busy Bishopston shopping area, Southmead Hospital, major employers at Abbey Wood and Filton, and the motorway network.
“This home is ideal for families, professional sharers and students,” says Darren Head, of Besley Hill Estate Agents at Bishopston.
For further information contact Darren on 0117 924 4008, email bishopston@besleyhill.co.uk

Unemployment falls 20,000

Unemployment fell by 20,000 to 2.45m in the three months up to August but those claiming jobless benefits increased, the Office of National Statistics reveals.

The number claiming out of work benefits increased by 5,300 to 1.47m between August and September.

The unemployment rate for the three months to August was 7.7%, down 0.1% on the quarter.

Source: Mortgage Strategy 15.10.10

Mortgage applications jump 31% on September 2009

New mortgage applications for house purchase are at their highest level since February 2008, according to the latest figures from the Mortgage Advice Bureau/Coreco National Mortgage Index.

Following the expected summer lull in mortgage activity in August, purchase mortgage applications jumped 14% in September, with remortgage applications jumping by 14.3% in September compared to the previous month.

Although housing market activity traditionally picks up in September, purchase mortgage applications are still up almost a third, 31.2%, on September 2009.

The average LTV on purchase mortgage applications rose slightly from 70.2% in August to 70.4% in September, while the average loan size for purchase mortgage applications dropped 1.3% from £129,270 in August to £127,591 in September.

Regionally, the South West and East Anglia saw a 56.3% and 50% rise in purchase mortgage applications respectively in September compared to August. Meanwhile, Yorkshire & Humber witnessed an 18.9% drop-off in purchase mortgage applications in September compared to the previous month.

Looking at the types of mortgage products arranged in September, the majority of purchase and remortgage applicants, 62%, chose fixed rates over variable, compared to 58.5% of applicants choosing fixed rates in August.

The average age of a UK mortgage applicant in August was 37 years 2 months, while the oldest applicants were in the South West, 39 years seven months and the youngest in East Anglia a 33 years and two months.

Brian Murphy, head of lending, independent mortgage broker Mortgage Advice Bureau, says: “The uplift witnessed in September following the drop-off in August reflects a more normal level of seasonal activity. We have seen an increase in mortgage activity in seven of the ten regions in the house purchase arena and in eight out of the ten regions in the re-mortgage sector in September versus August.

“However, with the new coalition government announcing specific plans to make changes to the provision of child benefit ahead of the widely anticipated Spending Review, albeit for higher rate taxpayers, we are seeing real evidence that disposable incomes are going to come under considerable pressure and this is likely to put a further brake on borrowers’ ability and appetite to move home.

“Although interest rate rises look unlikely in the short term, we have seen borrowers seeking the sanctuary that fixed rates afford them in increasing numbers. The number of house purchase borrowers who opted for fixed rates rose in all ten regions during September and reached its highest proportion so far this year, at 65.1%.”

He says overall, the proportion of remortgage borrowers opting for fixed rates also increased from 53.6% during August to 55.8% in September, although variable rates remained in the ascendency in three of the ten regions.

He says: “These increases perhaps indicate that people are now starting to become more concerned about the impact that the spending and tax changes are likely to have on them and, as a consequence, are looking for the safer haven that a fixed rate provides to help manage household budgets in the turbulent times that undoubtedly lie ahead.

“Mortgage product availability continues to improve with product numbers available to intermediaries reaching post-Credit Crunch highs of almost 5,000.”

Source: Mortgage Strategy & MAB 15.10.10

Council tax bands held 'til 2015

It’s not often a deal breaker but council tax bands do figure in the decision to purchase (or not) a property and they also figure in the decision of where to pitch a sales price, particularly under the last government when the threat of massive rises was always on the cards.

The new government has announced that council tax bands in England are not going to be reviewed until 2015 at the earliest, which means that many households will avoid being hit by additional council tax payments stemming from the increased value of property over the past seventeen years.

The eight council tax bands were based on property values back in 1991, and they were last reviewed in 1993.

The Government has decided that there will be no further review of the council tax banding system until 2015 at the earliest. The Government has said that it would be unnecessary and expensive to carry out a council tax banking review at the moment, adding that because of the property price increases around seven million households could find themselves being pushed into higher tax bands if a revaluation was carried out now.

Communities and Local Government Secretary Eric Pickles said that the Government had decided that revaluation of the council tax bands at the present time would be very stupid, and that it was wrong to impose higher taxes on already struggling families when it was not necessary.

Any decision about revaluation of the council tax banks will now be put on hold until after the next general election in 2015. Through the lifetime of the parliament this should save the average household around £1600.

An independent review of the council tax system was made in 2007 under the former Labour government, and it was advised that properties should be revalued. However, no changes were made in England at this time. The council tax bands in Wales were revalued back in 2005, as the Welsh Assembly said that they were outdated.

Source: propertydrum.com 05.10.10

THE LETTING SHOP JOINS BESLEY HILL

The Letting Shop, one of the leading letting agents in the South West, has become a Franchise of Besley Hill Estate Agents and changed its name to Besley Hill Residential Lettings.

The move, which increases Besley Hill’s turnover as the region’s biggest franchised estate agency group to £15 million, follows a strengthening of the ties between the two firms.

Adam Offer, Managing Director of Besley Hill Estate Agents, said: “The two businesses have always worked in association with one another but there is now even closer co-operation.

“The Franchise agreement reflects this development and consolidates a relationship that plays an important part in Besley Hill’s ability to provide a fully comprehensive property service.”

Besley Hill Residential Lettings serves landlords and tenants, offering more than 100 properties to rent at any one time through the Besley Hill 16-strong branch network throughout Bristol and Gloucestershire.

There are offices at Bedminster, Berkeley, Bishopston, Bishopsworth, Chipping Sodlbury, Downend, Dursley, Easton, Fishponds, Kingswood, Knowle, Longwell Green, Stroud, Thornbury, Whitchurch Village and Wotton-under-Edge.

Two types of lettings service are available to landlords – full management and introduction.

Mark Offer, Managing Director of Kingswood-based Besley Hill Residential Lettings, said: “The Letting Shop became a UK Top 50 lettings agency named in several exceptional performance sections. Closer co-operation with Besley Hill as a Franchise will widen the range of services we offer to our landlords.

“As brothers, Adam and I are able to steer the business with a unique family approach which you don’t tend to get in companies of this size with typical directors and board members. Sunday lunch at mum and dad’s often turns into an interesting informal board meeting!”

For full details of the lettings services available, contact Mark Offer at Besley Hill Residential Lettings, 385 Two Mile Hill Road, Kingswood, Bristol BS15 1AD, tel 0117 961 0011

OPEN HOUSE VIEWING FOR AUCTION PROPERTY

An open house viewing of a newly built end-of-terrace two-bedroom house at Horfield is being held on Saturday (September 18) from 12.00 noon-12.45pm.

The house, which is nearing completion and comes with a NHBC guarantee, is to be sold with a guide price of £160,000-£180,000 at Besley Hill’s auction at Kendleshire Golf Club, Coalpit Heath, next Monday (September 20), starting at 7.00pm.

Located on Downend Road, close to the motorway network and major employers at Filton and Abbey Wood, the property offers light, spacious accommodation including lounge with feature bay window, kitchen/breakfast room with vaulted ceiling, two double bedrooms and white suite family bathroom with bath and power shower over.

The kitchen has modern matching wall and base units, quality cupboards with soft closing drawers, built-in hob, oven and extractor hood, fridge/freezer and washing machine.

Other benefits of this home, which is being sold with no chain, are double glazed sash windows, gas central heating, high ceilings, downstairs cloakroom and door to an enclosed rear garden with side access, patio and level lawn.

Also entered by Besley Hill Estate Agents at Bishopston for Monday’s auction, with a guide price of £425,000-£475,000, is an impressive five-storey Grade II listed building on Ashley Road, on the borders of Montpelier and St Pauls.

The property, which requires a substantial programme of refurbishment and renovation, has full planning consent for conversion into eight flats and two coach houses with courtyard parking and front communal garden.

For further details of 105a Downend Road, Horfield, or 87 Ashley Road, Montpelier, contact Besley Hill Estate Agents, 66 Gloucester Road, Bishopston, Bristol BS7 8BH, tel 0117 924 4008, email bishopston@besleyhill.co.uk

To obtain a brochure or information about the other eight lots, call the auctioneer’s office on 0117 970 1551 or access the brochure online at www.besleyhillsurveyit.co.uk

Market Stabilising says Top Mortgage Provider

There’s a lot of talk at present about what’s going to happen to the mortgage and property markets in the next six months.

The reality right now is that both markets have stabilised. In recent months, lending volumes and house prices have been up marginally one month, down marginally the other (depending on the index or source), but overall the trend is very much one of sideways movement.

People are sitting on their hands, waiting for more visibility around the economy before they commit.

The Bank’s July mortgage figures, out on the last day of August, offered further evidence of this stabilisation. The number of loan approvals for house purchase in July (48,722) was at a similar level to June (48,562) and, in our opinion, they will remain at or around this level for the rest of the year.

There are downward pressures on the property and mortgage markets, specifically consumer caution and stringent lending criteria, and there are upward pressures, not least the level of Bank rate, attractive property prices in certain areas and some extremely competitive mortgage products at lower LTVs.

The two forces are cancelling each other out. The result is stabilisation.

In our opinion, the market has self-corrected very well and has learnt its lesson.

Source EAT 06.09.10 – excerpts from Brian Murphy recent interview. Brian is head of lending at the Mortgage Advice Bureau, a provider of mortgage and financial services to Besley Hill Estate Agents

FURNISHED MODERN FAMILY HOME TO LET

A modern three-bedroom end of terrace family home at Horfield is available to let furnished for £850 pcm.

Presented to a high standard, the accommodation includes a large full-width lounge with leather sofas and glass coffee table, and a kitchen/dining room with table and chairs and white goods.

There are also two furnished double bedrooms (one with en-suite shower room), a good-sized single bedroom/office and a white suite bathroom with bath and shower.

Further benefits are gas central heating, double glazing, private rear garden, single garage and parking for two cars.

The house is situated at Keats Court, which is within easy reach of the Gloucester Road amenities, major employers at Filton and Abbey Wood, and the M32, M4 and M5 motorways.

For further information and to arrange a viewing, contact Besley Hill Estate Agents at Bishopston, tel 0117 924 4008, email bishopston@besleyhill.co.uk.

HOME IN CONVENIENT LOCATION TO LET

A well presented terraced house, situated on Kings Drive, Stoke Gifford, is available to rent unfurnished now for £785pcm.

The accommodation includes three bedrooms, lounge, dining room, modern kitchen and a white suite bathroom with bath and shower facilities.

The property also offers such benefits as loft access, gas central heating, double glazing throughout and an enclosed rear garden leading to a garage for one car.

The home is close to all local amenities, Aztec West, the MOD at Abbey Wood and Bristol Parkway station, as well having easy road access to the nearby motorway network and Bristol city centre.

Contact Besley Hill Estate Agents at Bishopston on 0117 924 4008 or email them at bishopston@besleyhill.co.uk to arrange a viewing.

6 in 10 Mortgages are now for house purchase

The proportion of mortgages being taken out for purchases, as opposed to remortgages, is at its highest level for years.

The latest mortgage index from John Charcol reveals that six out of ten mortgages are for purchases.

Drew Wotherspoon, director of marketing at Charcol.co.uk, said: “For the first time in what we believe is decades, the proportion of mortgages for purchases broke the 60% barrier in July, revealing a certain confidence in the future of the market."

He went on to claim: “There is much talk of a double dip and a large correction in the housing market still to come, but these figures would certainly go some way towards questioning this theory.

“The rule book may well have been ripped up when the crunch began, but the old adage of supply and demand still holds true. While we have limited new stock, demand will always outstrip supply in the UK.

“The last few years have taught us to expect anything, but a further large drop in prices looks very unlikely.”

The independent mortgage advisers expect remortgaging to remain in the doldrums. Just two years ago it accounted for 75% of the market, but it is now just 40%.

“Despite the best attempts of some market commentators to scare borrowers by suggesting we could have 8% interest rates soon, variable rates are still, in our opinion, the product of choice.”

He added: “For the record, we would be surprised if bank rate was anywhere near that level by the end of 2015.”

The index also showed that the number of first-time buyers increased by 80% in one month.

“This is the highest level since February and perhaps suggests that first-timers are willing to dip their toe into the market again after sensibly putting any plans on hold pending the outcome of the election and subsequent emergency budget,” said Wotherspoon.

Source EAT 27.08.10

BEST OF OLD AND NEW AT MONTPELIER

This three-level town house at Montpelier, built seven years ago, is a home with an attractive exterior designed to complement the century-old property next door whilst providing all the amenities required for modern living.

Situated on Richmond Road, the property offers spacious accommodation including lounge, four double bedrooms (one with an en-suite with bath and shower), kitchen/breakfast room, downstairs cloakroom and white suite bathroom with bath, together with further benefits such as gas central heating and double glazing.

The ground floor rear lounge has double doors opening on to a sunny raised rear garden with lower patio area and steps leading up to a level lawn main garden with mature flower borders.

Minutes from Picton Street, with its eclectic mixture of independent shops, cafes, bars and restaurants, the house is within easy reach of Gloucester Road (A38), Bristol city centre and the M32 motorway.

The agent, Darren Head, of Besley Hill Estate Agents’ Bishopston office, says: “The home is in an elevated position with wonderful views across the Bristol skyline, perfect for watching the Balloon Fiesta and the various firework displays held in the city.”

The house comes with modern decorations and floorings, and high ceilings, and is said to be suitable for investors or families looking for a property requiring few improvement works.

For further details and an appointment to view 71 Richmond Road, which is on the market with no chain for £339,950, contact Darren on 0117 924 4008, email bishopston@besleyhill.co.uk

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MORTGAGE INTEREST RATES STILL COMPETITIVE

Patrick Ennis, Mark Gregory and Nigel Bull, financial advisers from Mortgage Advice Bureau (MAB) based at Besley Hill Estate Agents’ offices throughout Bristol and Gloucestershire, have welcomed the Bank of England’s decision not to change the Bank Base Rate.

“Once again the Bank of England have taken the view that the economy is still too fragile to start raising rates back towards more normal levels,” comment Patrick, Mark and Nigel.

“This is now unlikely to change in the short term with the Governor of the Bank of England recently commenting that he could see rates remaining low for the foreseeable future.

“This provides further support to the housing and mortgage markets and should help ensure that both borrowers looking to move home, and those who want to remortgage, continue to see very competitive mortgage interest rates.

“Mortgage product availability remains at close to the highest levels seen this year in spite of the seasonal dip in activity that generally takes place over the summer months, with many high street lenders continuing to review their products to attract borrowers.

“Borrower preferences have seen a further move towards fixed rates with six out of ten borrowers choosing fixed rates in July, which is something of a shift from several months ago when variable rates were more popular.

“Interest rates are often a topic of conversation and differences of opinion have always existed amongst economists, bankers and politicians in relation to interest rate setting policy. However, interest rates are unlikely to fall any further and those buyers and borrowers that want to move either their home or their mortgage currently have access to some excellent products.”

To see whether you would benefit from having a one-to-one review of your mortgage and protection needs, and to learn how MAB differs from other brokers and lenders on the high street, contact the MAB representative at your local Besley Hill office.

HOUSE PRICES TO RISE BY 20%

Despite the latest UK Housing Market survey carried out by the Royal Institute of Chartered Surveyors showing a recent fall in property values, house prices are set to soar by almost 20 per cent in the next four years, according to a national newspaper report.
This will lift thousands of households out of negative equity, with the average family home gaining more than £30,000 in value - a forecast that defies doom-mongers who predicted that Britain would face a double-dip housing recession, reveals the Daily Express.
The newspaper quotes Martin Gahbauer, chief economist at the Nationwide building society, as saying that it’s not a double dip and it’s not a massive boom, which would not be good for the market.
“People can be cautiously optimistic,” says Mr Gahbauer. “If it turns out that way, it would probably lift quite a few people out of negative equity within two to three years.”
And Emma Partridge, of Halifax, Britain’s biggest mortgage lender, offers further good news for home owners.
She states: “Because this is happening at the same time as low interest rates, it’s providing people with the opportunity to pay more to improve their equity. And if there aren’t going to be any further drops in house prices then that enables people to bolster their equity as well.”
The respected Centre for Economics and Business Research says that a “fundamental shortage of housing supply” will steadily drive up prices this year and next, with a further five per cent increase expected in 2012.
The growth is due to continue with a 5.4 per cent increase in 2013 followed by a 3.9 per cent rise in 2014.
Based on the latest estimates, the average price of a home in Britain would rise from £179,000 at the end of 2010 to £212,000 by 2014.
These findings are endorsed by Adam Offer, managing director of Besley Hill, Bristol and Gloucestershire’s biggest group of independent estate agents with 15 offices throughout the area.
“The property market's long-term prospects locally remain particularly strong,” he comments. “Although we have had a bumpy and unpredictable few years, positive long-term fundamentals in residential property remain.
“The UK has high population density, restrictive planning laws, and a desire for home ownership which means meeting demand with supply will always be difficult for many years to come. Although economic growth is fragile at present, it will return as throughout the UK residential property has gained 117 per cent in the last 10 years even with the recent economic downturn.
“Indeed, statistics behind our website - www.besleyhill.co.uk - clearly show demand bubbling away with over 200,000 hits last month, with this month likely to exceed this number, coupled with over 60,000 sales detail downloads for the same period.
“Pent-up demand is clearly out there - with many buyers returning to the market as prices start to flatten once again.”

MAB WINS BEST NATIONAL ADVISER AWARD

Mortgage Advice Bureau (MAB) representatives at Besley Hill's offices throughout Bristol and Gloucestershire are celebrating MAB being named Best National Adviser in the What Mortgage Awards.
Patrick Ennis, based at Besley Hill's Fishponds office, said: "This is a fantastic achievement and we are very pleeased to win this award, especially as it follows our Mortgage Strategy awards and is based on votes from readers of the UK's leading consumer mortgage publication, What Mortgage.
"I understand that this award was won by a record margin and to know that the public thinks so highly of Mortgage Advice Bureau is very satisfying. These are very exciting times for us.
"I am very proud to be part of such a credible and reputable company which takes a proactive and forward-thinking approach regardless of what is happening in the economy."
To see whether you could benefit from having a one-to-one review of your mortgage and protection needs, and to learn how MAB differs from other brokers and lenders on the high street, contact the MAB representative at your local Besley Hill office.

BUNGALOW IN ATTRACTIVE SETTING

Set in its own extensive grounds, this individually-built detached bungalow is situated in a secluded backwater at Whitchurch on the southern edge of
Bristol.

The grounds of the property, Strathmore, on Staunton Lane, have been extremely well maintained and feature an abundance of mature trees and shrubs, lawns and a wildlife pond.

The accommodation, which is in need of refurbishment, comprises three bedrooms, lounge/dining room, kitchen and shower room. Ample parking space is an added benefit.

A glazed entrance door with matching side panel leads to a hallway with two electric heaters and a storage cupboard housing hot water tank and providing shelving space.

The lounge/dining room, measuring 25ft 3ins x 10ft 11ins, has French doors leading to the side garden while the kitchen has a range of base and wall units incorporating single bowl stainless steel sink with matching drainer.

The shower room has a walk-in shower area, wall mounted shower, low- level wc, wash hand basin set into vanity unit and heated towel rail.

Outside, the front garden has a driveway providing off-street parking and the rear garden includes a patio area adjoining the property.

Lynne Derrick, director of Besley Hill Town & Country Homes’ Whitchurch Village office, said: “This bungalow is in a lovely location and has a lot of potential.”

For further details and an appointment to view Strathmore, which is on the market for £325,000, contact Lynne on 01275 891444, email whitchurch@besleyhill.co.uk

HEADLEY PARK HOME IS A TARDIS

“Quite simply, a Tardis!” That’s how estate agent Sue Barnes describes 158 Headley Lane, Headley Park.
Explains Sue: “This deceptively spacious detached property boasts a labyrinth of accommodation which is unbelievable from its external appearance.”
Including two/three reception rooms, three/four bedrooms and two bathrooms, the house is presented to an excellent standard throughout with many attractive features, including stripped floors and Georgian-style doors and windows.
The property, which is on the market for £410,000, would suit a large family/dependant relative as well as offering an opportunity to realise its investment potential from a one-bedroom annexe to the rear.
The annexe, overlooking a courtyard, comprises a 25ft x 20ft lounge/dining room with double glazed French doors to the rear, 18ft 4ins x 13ft 6ins bedroom and a shower room with separate shower cubicle.
The courtyard incorporates raised decking, lighting and water, ornate chipping area, lamp post, borders and access to the front and rear gardens.
For further information and an appointment to view, contact Sue Barnes at Besley Hill Estate Agents, 29a Highridge Road, Bishopsworth, Bristol BS13 8HJ, tel 0117 946 5999, email bishopsworth@besleyhill.co.uk.

Property is still first choice for investment

Latest results from the Worldwide Property Group property confidence tracker survey have revealed property as the best option for investment with a huge 75% of respondents saying they would choose property as their first investment choice, showing that government legislation changes have not affected market confidence. In contrast, just 2% of people who took part in the survey during June said that they would put their money into shares. Interestingly, gold received 17% of the vote.

When asked if the current historically low level of interest rates has increased their desire to buy a property, two thirds (67%) said yes with 79% of the opinion that right now is a great time to buy a property in the UK. 65% of respondents share the view that property prices will continue to rise over the coming 12 months, with 4% believing this could be by as much as
15% - 20%.

On the subject of overseas property a very respectable 65% believe that this is currently a good time to buy a foreign property with 62% actively considering a foreign property purchase. Once again the region attracting most attention from potential property purchasers is the United States, particularly Florida. A number of European countries including Spain, France, Italy and Cyprus also ranked highly amongst those people looking for a second home.

Kevin Wilkes, Managing Director of the Worldwide Property Group said: “Although the stock market has been performing rather well over the last 12 months, in more recent weeks it has taken a bit of a tumble with the FTSE 100 losing nearly 1000 points since Mid April. In comparison the property market has demonstrated far more resilience to recent global economic shocks and has already regained a great deal of the value that was lost over the last few years. The results of this survey clearly demonstrate the confidence that the general public has in the property market.”

Source: Ageants.co.uk 21.07.10

Marilyn Monroe's last house on sale for £2.4 million

The Spanish colonial-style Hollywood home where iconic sex siren Marilyn Monroe died in 1962 is going up for sale for $3.6 million dollars – that’s approximately £2.4 million, the real estate agency said on Tuesday.

The one-story property, built in 1929, which spreads lavishly over 23,000 square feet (2,000 square meters) of land, is "the crown jewel" of the luxurious neighborhood of Brentwood, according to the agency's website.

Cinematic diva Monroe lived in the house for only six months before her sleeping pill overdose death, having bought the house for $90,000 dollars.

The current owner did not permit press access to the property but allowed AFP access to take photos from behind tall gates on the secluded cul de sac.

Monroe memorabilia is highly coveted, with even a burial spot near the star's last resting place being sold on the online auction website eBay in 2009 for $4.6 million dollars.

Source: Ageants.co.uk 21.07.10

£309,950 Coach House Gloucestershire

The Coach House is a pretty, detached period cottage situated in this desirable South Gloucestershire village.

The well presented accommodation is full of character and charm and is arranged over three floors to briefly comprise of entrance porch and 28ft lounge /diner to the ground floor. On the second floor there is a kitchen/breakfast room, bedroom three/study and a modern white family bathroom. Upstairs can be found two generous bedrooms both with lovely views over open countryside.

There is a single garage with additional outbuilding attached and a good size enclosed rear garden. Offered for sale with no upward chain and sure to create a lot of interest, early viewing of this charming cottage is advised.

ACCOMMODATION (ALL MEASUREMENTS ARE APPROXIMATE)

COVERED ENTRANCE PORCH: Upvc wood grain effect leaded double glazed door into: LOUNGE / DINER: 28’ x 13’ 10” max Two Upvc wood grain effect leaded double glazed windows to the front, window seats, feature stone fireplace with wood burner, exposed stone walls , beamed ceilings, double radiator, TV point, wall light, half stairs to the next floor, landing with half stairs to top floor, door into kitchen, door into: BEDROOM THREE / STUDY: 15’ 2” x 7’ 4” Double glazed window to the rear, double radiator, built in cupboard. KITCHEN / BREAKFAST ROOM: 20’ x 13’ 8” max Two double glazed windows to the rear, double glazed door to the rear, multi paned glazed door to the rear lobby, range of wall and base units with rolled edge work surfaces, Aga range cooker, inset 1.5 bowl stainless steel sink unit, space for washing machine and dishwasher, space for fridge/freezer, beamed ceiling, tiled floor, inset spot lights. REAR LOBBY: 5’ 9” x 5’ 2” Double glazed leaded door to the side, tiled floor, door into: BATHROOM: 8’ 3” x 5’ 2” Double glazed leaded window to the side, modern white suite comprising of panel bath with shower over, pedestal wash hand basin, low level WC, radiator, tiled splash backs, inset spot lights.

FIRST FLOOR LANDING: Doors into: BEDROOM ONE: 13’ 9” x 13’ 6” Double glazed leaded window with views to the front, double radiator, beamed ceiling. BEDROOM TWO: 11’ 2” x 11’ max Double glazed leaded window with views to the front, beamed ceiling, built in cupboard. OUTSIDE: There is an elevated terraced garden to the rear of the property which is mainly laid to lawn, enclosed and with sunny aspect. There are mature shrub, palm and fruit trees and two patio areas, outside tap and shed housing the central heating boiler. There is a single garage which has power and light supply and an up and over door. An outbuilding with power and light supply is attached to rear of the garage providing useful storage/work space.

For Full Details copy and paste this link or call us on 01454 313575;

http://www.besleyhill.co.uk/propertyDetails.php?pid=251294

Mortgage lending rises 15 per cent in June

Gross mortgage lending in June was the highest level this year according to the Council of Mortgage Lenders (CML) who today revealed a 15% increase in mortgage lending in June.

Gross mortgage lending totaled £13.1 billion, up from £11.4 billion in May and a 7.0 per cent increase from £12.2 billion in June last year. Gross lending in the second quarter of 2010 was an estimated £35 billion, up 17 per cent from Q1 (£30 billion) and seven per cent higher than in Q2 2009 (£32.7 billion). Lending in the first half of 2010 remained unchanged from the first half of 2009 (£65 billion).

Nigel Lewis, property analyst from FindaProperty.com said: "New properties have flooded the market in recent months. This has put pressure on house prices and we’ve seen slowing price growth as a result.”

"However, the number of loans is still relatively low compared to peak and unless we see a decline in stock levels, prices are unlikely to rise much further this year.”

"It’s unlikely that the base interest rate will be increased before the end of the year so potential house buyers with a bit of equity behind them will still be able to benefit from attractive mortgage deals.”

"But lack of confidence and the threat of further economic woe means demand won’t increase dramatically in the medium term."

Source: FindaProperty.com 20.07.10

Fishponds Bargain!

£139,950 Fishponds Bargain!

Realistically priced to attract early interest, this older style semi detached three-bedroom property occupies a position within the head of this small cul de sac towards the edge of the popular Hillfields development full stop.

Providing good access to both Kingswood and Lodge Causeway, Fishponds shops and services, this property is well placed for a range of local amenities and schools.

Besley Hill Estate Agents are delighted to promote this property for sale. This home has been the subject of internal modernisation and refurbishment over recent years and is offered in good order throughout with attractive kitchen and bathroom areas together with many UPVC double glazed windows and doors (where stated) along with gas heating.

A particular feature of the sale is the generous corner gardens, which provide good-sized lawned areas alongside an ornamental pond and vegetable/fruit-growing plot.

The accommodation briefly comprises of three well-proportioned bedrooms together with two separate receptions and an attractive fitted kitchen. We would recommend early viewing to avoid disappointment.

Copy & paste this link: http://www.besleyhill.co.uk/propertyDetails.php?pid=242756

Would you like to live here?

£239,995 Tockington

Property Features:

Character Cottage
Two Double Bedrooms
Lounge/diner
Modern Kitchen
Period Features
Feature Fireplace
Gas Central Heating
Garden With Country Views

Enjoying delightful open views to the front, this attractive character country cottage is conveniently situated in this sought after South Gloucestershire village within easy grasp of all major motorway networks and Aztec West.

Having been the subject of refurbishment and modernisation within recent years the cottage comprises, lounge/diner and modern fitted kitchen at ground floor level with two double bedrooms and bathroom at first floor.

Incorporating numerous features the cottage benefits from gas central heating, hardwood framed windows, exposed original beams and latch doors. At the front of the property there is an established private garden with open countryside views, whilst there is the additional benefit of an outhouse with potential for development subject to obtaining the necessary planning consent.

The cottage is within the catchment area of very well regarded local primary schools, pre-schools and the Marlwood Comprehensive school. Invariably this village attracts a great deal of interest, accordingly we are keen to encourage early appointments to view.

Copy and paste for more information: http://www.besleyhill.co.uk/propertyDetails.php?pid=207299

6009 Mortgage Products Now Available at Besley Hill

According to new figures from Mortgage Advice Bureau there are now 6,009 mortgage products available. It is the first time since 2008 that the number of mortgages has broken the 6,000 barrier. For all your Mortgage needs go to www.besleyhill.co.uk or call any one of your local branches.

FAMILY HOME WITH SCOPE FOR GRANNY ANNEXE

A four-bedroom family home at Horfield currently on the market with Besley Hill Estate Agents at Bishopston has an extension that could easily be converted into a separate granny annexe.
It is currently being used as a family room and spare fourth bedroom with en-suite shower room but there is scope for conversion into an annexe with kitchen and lounge areas, first floor bedroom and shower room.
In total, the property, 23 Lindsay Road, comprises entrance hallway with solid wooden flooring, modern extended kitchen, large lounge with bay window, separate dining room with views over the garden and double doors leading to a raised timber-decked entertainment area, family room with utility area, four large bedrooms, family bathroom and en-suite shower room with w.c.
Benefits include gas central heating, uPVC double glazing throughout, hard standing for two large cars or caravan, detached garage and landscaped garden with level lawn.
“This beautifully presented 1930s semi is situated in a tucked away spot close to the open space of Purdown with far reaching views to the rear over open parkland,” says estate agent Darren Head. “It is ideal for dog walkers and families with children.”
The property, priced at £239,950, is well placed for the busy Gloucester Road with its shops, bars and restaurants, as well as the M32 motorway, giving excellent access to the M4 and M5.
For further details and to arrange a viewing, contact Darren Head at Besley Hill Estate Agents, 66 Gloucester Road, Bishopston, Bristol BS7 8BH, tel 0117 924 4008, email bishopston@besleyhill.co.uk

HOME WITH A LOT OF POTENTIAL

A bay-fronted semi-detached house at Stapleton is to be sold by auction with a guide price of £165,000-£185,000 at the end of this month (July).
Surrounded by extensive gardens, the property offers potential for further development and/or extension (subject to necessary planning consents).
The home, described as being “in a dated and well-preserved condition”, occupies a prominent corner position on a no through road with far-reaching views towards the Frome Valley and Eastville Park.
The accommodation of 26 Welsford Road comprises a hall, through lounge dining room,
kitchen, shower room, sun lounge/vestibule, three bedrooms and a bathroom.
There is also an attached garage with separate access from within the property together with a concrete laid driveway for parking three cars.
The generous gardens are arranged to the front, side and the rear of the house and include lawns and a large vegetable/fruit plot with mature fruit trees.
“This rare older-style property is suited to professionals or ambitious families looking to purchase a spacious well-proportioned home with some original features and scope to refurbish and modernise throughout,” says Mark Symonds, senior branch manager of Besley Hill Estate Agents’ Fishponds office.
“The property will also appeal to builders, developers and speculators, who will be attracted by the large garden plot.”
This home is one of 10 properties to be auctioned by Besley Hill at Kendleshire Golf Club, Henfield Road, Coalpit Heath, on Thursday, 29 July, starting at 7.00pm
To obtain specific viewing arrangements for 26 Welsford Road, phone 0117 965 3162, or to register an interest in the property, request an auction brochure or obtain further information, call the auctioneer’s office on 0117 970 1551. The brochure can also be accessed on line at www.besleyhillsurveyit.co.uk

MORTGAGE APPROVALS HIT NEW HIGH

The number of mortgages approved for house purchase rose to its highest level this year during May, recent figures have shown.
A total of 36,709 loans were approved by the major banks for people buying a property during the month, according to the British Bankers' Association (BBA).
It was the third consecutive month during which approval levels have risen.
Total mortgage advances reached £9 billion during May, also the highest figure seen this year.
Once redemptions and repayments were stripped out, net lending rose by £2.55 billion, up on April's figure but in line with the previous six-month average.

Wow! Bungalow in Hanham

£279,950 Hanham - Location is King! This delightful bungalow set in a superb position offers large accomodation from a 15ft entrance hall, lounge, kitchen, conservatory, three bedrooms (bed 3/sitting room) and lovely bathroom suite. Brick laid off driveway and detached garage, this home will appeal to many!

For more information - Copy & Paste this link: http://www.besleyhill.co.uk/propertyDetails.php?pid=143941

£695,000 Cottage in Wotton with 1 Acre Gardens

We are delighted to offer to the market ‘Ellerncroft Cottage’, an impressive split level detached residence with striking individuality which sits in approximately one acre of landscaped grounds.

Found in a privileged position on the edge of the town and presented in excellent order, the property briefly comprises, entrance garden room leading into the entrance hallway, fitted kitchen/breakfast room leading into the dining area, utility room, cloakroom, lounge with open views, study, snug/bedroom five, a master suite with dressing area and ensuite, a further three double bedrooms each offering ensuite facilities and family bathroom.

Outside the private walled grounds are entered via double wooden gates with sweeping driveway leading to the double garage with ample driveway parking. The grounds extend to approximately one acre and are immaculately presented with lawned areas, well established trees and views.

For full details click on the link: http://www.besleyhill.co.uk/propertyDetails.php?pid=234438

UK interest rates kept at 0.5% for 15th month in a row

UK interest rates have been kept on hold at a record low of 0.5% by the Bank of England for the 15th month in a row.

The Bank also decided not to inject any more money into the UK economy under its policy of quantitative easing (QE).

Interest rates have now been at 0.5% since March 2009.

Meanwhile, a Reuters poll of 61 economists suggested that the central bank would not raise rates until next year.

Trevor Williams, chief economist at Lloyds Banking Group, said the decision was "no shock at all".

Inflation in April hit its highest rate in 17 months. On the Consumer Prices Index (CPI) measure, inflation hit 3.7% - well above the Bank's target of 2% and the highest rate since November 2008.

The Bank uses interest rates to try to curb inflation, but Mr Williams said: "The target was never meant to be hit every single month. It's a medium-term target. And I think they're quite right to hold off. "I think [inflation] will fall back later in the year."

Source BBC News Thursday, 10 June 2010 12:37 UK

SPACIOUS HOME DESERVES A VIEWING

A detached family home at Whitchurch, on the market for £375,000, offers spacious accommodation which the agents say can only be appreciated by an internal viewing.

Jacaranda, 23 Smythe Croft, comprises lounge/dining room, kitchen, cloakroom, four bedrooms, refitted family bathroom and study/playroom.

Further benefits include double glazing, gas central heating, attractive gardens, workshop/storage, garage and ample parking.

The fitted kitchen, measuring 15ft 10ins x 19ft 4ins, has an extensive range of beech-style units, glass-fronted crockery display cabinet, island/breakfast bar, electric ceramic hob with extractor hood over and double oven inset into matching unit.

There is also Italian tiled flooring, tiling behind all work surfaces, spot lighting and a cupboard housing combination boiler serving hot water and heating.

Bedroom one has fitted wardrobes in beech, some with mirror-fronted doors, and an en-suite shower room with walk-in corner shower cubicle and low-level wc, fully tiled throughout with spot lighting and laminate floor.

The bathroom has been refitted with shower bath, shower screen with electric shower, pedestal wash hand basin, low-level wc, heated towel rail, tiled floor and walls, display mirror and spot lighting.

Outside, the attractive rear garden has a lawn adjoining the property, mature flower and shrub borders, rockery and an ornamental bridge over a pond leading to a decked patio and raised seating area.

For further details and an appointment to view, contact Besley Hill Town & Country Homes, 91 Bristol Road, Whitchurch Village, Bristol BS14 0PS, tel 01275 891444, email whitchurch@besleyhill.co.uk

BRISTOL HOUSE PRICES ROCKET BY 16%

House prices in Bristol have risen by nearly 16 per cent in a year – the second biggest rise in the country.
The latest official figures from the Land Registry, which records the price paid in every property transaction in the country, show that the climb in prices in the city over the last 12 months was second only to Brighton.
Besley Hill Estate Agents report that there is still a huge demand for family homes in Bristol, where the average cost of buying a house rose by 15.9 per cent.
That is almost double the average rise for the UK as a whole, which was 8.5 per cent.
The Land Registry figures give a breakdown of sales in each area of the country and are based on the final price paid – not the asking prices.
The average house in Bristol cost £173,867, while in North Somerset the cost was £179,325, an increase of 9.2 per cent over the last year.
In South Gloucestershire the average house cost £181,506, an increase of 11.1 per cent. In Bath & North East Somerset, the average property sold for £230,831, an increase of 14.5 per cent.
In England and Wales the national average now stands at £165,596.
Bath is fourth on the list of areas with fastest growing property prices, with South Gloucestershire 21st and North Somerset 31st out of 111 areas.

House prices continuing to increase says Nationwide

House prices are still rising, according to the latest monthly survey from the Nationwide building society.Prices went up by another 0.5% in May, pushing the price of the average UK home up to £169,162 which was £15,000 more than a year ago. Annual house price inflation fell slightly last month though, from 10.5% to 9.8%. But the Nationwide said prices might keep on rising modestly as few properties were being put up for sale.

"Housing market conditions remain characterised by thin transaction volumes and a relative scarcity of properties for sale, despite a slow return of more sellers in recent months," said the Nationwide's chief economist Martin Gahbauer. "The current supply-demand balance on the market is still consistent with relatively stable to modestly upward trending prices."

Going up

Prices have now gone up in 12 of the last 13 months, acccording to the Nationwide, a consistent level of price increase which has taken many observers by surprise. With the level of sales still very low by historical standards, prices appear to being pushed up by a relative shortage of properties for sale.

"Since reaching a trough in February 2009 - following a drop of 19.3% from their October 2007 peak - house prices have risen by 12.2% and are now just 9.5% below the October 2007 peak," Mr Gahbauer said.

The Nationwide's report is very much in line with other house price surveys. Its rival the Halifax has recently put annual house price inflation at nearly 7%, the Communities & Local Government Department calculated it at 9.7%, while the Land Registry has put it at 8.5% for England and Wales.

Hips

The recent abolition of the requirement for house sellers to provide a home information pack (Hip) to prospective buyers has also had a positive affect on the Bristol housing market.

“The removal of Hips has definitely seen more sellers come to market and so the fresh stock will increase over the coming months – great news for all homebuyers – this coupled with very steady increases in values means we are slowly returning to a normal market” added Adam Offer of Besley Hill.

Source BBC News 03.06.10

SPLIT-LEVEL HOME IN BEAUTIFUL GROUNDS

On the market for £695,000, Ellerncroft Cottage at Wotton-under-Edge is an impressive five-bedroom split-level detached residence set in about one acre of walled landscaped grounds.

The property, which is located in an exclusive position on the edge of the town, is approached through double wooden gates along a sweeping driveway.

Presented in excellent order, the spacious accommodation includes entrance garden room, fitted kitchen/breakfast room leading into the dining area, utility room, cloakroom, lounge with open views, study, snug/bedroom five, a master suite with dressing area and en-suite, a further three double bedrooms each offering en-suite facilities, and family bathroom.

Outside, the immaculately maintained grounds have large lawns, patio areas and well-established trees as well as offering attractive views.

Further benefits are a double garage with ample driveway parking and two brick-built outbuildings providing storage for lawnmowers etc with power and water supply.

For further details and an appointment to view, contact Besley Hill Town & Country Homes, 32 Long Street, Wotton-under-Edge, Gloucestershire GL12 7BT, tel 01453 842325, website www.besleyhill.co.uk

FIRST-TIME BUYER AFFORDABILITY IMPROVES

Despite a fall in average first-time buyer incomes and rising first time buyer property values, a rise in the average income multiples offered by lenders (based on CML data) has led to an improvement in affordability this month, according to The FindaProperty.com May House Prices & Affordability Index.
The average entry level home is now almost 4.9 times gross household earnings. This compares favourably with 5.5 times at the end of 2008.
In terms of the deposit needed, first-time buyers must find £300 less than last month. The ‘affordability gap’ is now £56,449, or almost 1.8 times average household earnings. At end December 2008, it was over £70,000, or 2.4 times income.
First-time buyer homes also increased for the fourth month in a row, with a 0.3% rise this month, following the 0.3% increase in March. The average entry level home is on the market at £155,677, which is 1.2% higher than a year ago (£153,880) and the highest level since February 2009.
Asking prices rose for the fourth consecutive month, with a 0.6% increase to £219,748. Since May 2009, they have risen by 1.8%, up from £215,761.
Home mover prices rose by 1.0% this month to £280,735. This is the second consecutive month of rises for this property type following five months of falls. They are 1.2% higher than a year ago.
Houses were up 0.7% and flats 0.2% in May. Annually, houses are 2.1% higher than May 2009 while flats are up 1%.
The stronger performance of houses was led by another strong recovery in prices commanded by larger 5+ bed houses (+1.6% this month, and +4.8% annually) as well as 4 beds (+0.5% monthly, +1.7% annually).
Smaller houses and flats recorded more modest rises this month, of between 0% and 1.0%.
Stocks grew by 8% in May, after rises of 4.2% and 5.6% in the previous two months. First time buyer property stocks were up 7.5% this month. There is now almost as much stock available as in April 2009.

A SEMI WITH POTENTIAL

Looking to stamp your own personality on a property? Then look no further than this 1950s three-bedroom semi at Horfield.

According to estate agent Darren Head, 31 Elmcroft Crescent, Horfield, priced at £209,950, is ideal for this kind of buyer.

Situated in a sought-after residential area, the property offers accommodation comprising light entrance hall, feature bay lounge, dining room with view overlooking the rear garden, kitchen, three double bedrooms and a family bathroom.

Benefits include outside w.c, UPVC double glazing, gas central heating, detached “oversized” garage and, for someone with “green fingers”, a large 68ft rear garden with various mature plants and shrubs.

The property also boasts views over open parkland at the rear of the property, ideal for dog walkers and children to play with friends, says Darren Head.

There is easy access to the M32 motorway, Bristol city centre and major local employers such as the MOD at Abbey Wood, BAE Systems, Rolls Royce and the regional distribution centre for Royal Mail at Filton.

For further details and to arrange a viewing, contact Darren Head at Besley Hill Estate Agents, 66 Gloucester Road, Bishopston, Bristol BS7 8BH, tel 0117 924 4008, email bishopston@besleyhill.co.uk

HOME IN HEART OF THE CITY

If you are looking for a home close to Bristol’s city centre, Flat 26, Hampton Court, Montague Street, should fit the bill.

This one-double-bedroom first-floor balcony apartment is ideally located in the heart of the city.

Bristol Royal Infirmary, Bristol University, Bristol Bus Station, Cabot Circus and Park Street, leading to The Triangle and Whiteladies Road, are all just minutes away.

The modern accommodation comprises open plan lounge/dining room with room for sofas, dining table and chairs, feature Juliet-style balcony, kitchen with matching wall and base units and integrated appliances, light double bedroom, and contemporary white suite bathroom with tasteful fittings.

The property, which is on the market for £149,950, comes with electronic door entry with video phone system, electric heating, double glazing and the benefit of a landscaped communal courtyard garden.

“This attractive apartment is offered free from chain and I strongly recommend an early viewing to avoid disappointment,” says estate agent Darren Head.

For further details and to arrange a viewing, contact Darren at Besley Hill Estate Agents, 66 Gloucester Road, Bishopston, Bristol BS7 8BH, tel 0117 924 4008, email bishopston@besleyhill.co.uk

HIP HIP HOORAY! HIPS ARE SCRAPPED

Besley Hill has joined other estate agents in welcoming the news that controversial home information packs (Hips) are being scrapped with immediate effect.
The move means homeowners will no longer need to spend money providing one of the packs before they can put their property up for sale.
Communities Secretary Eric Pickles laid an order before Parliament suspending Hips pending primary legislation for a permanent abolition. But sellers will still be required to get an energy performance certificate within 28 days of putting their home on the market.
The property industry has long called for an end to the packs, saying they failed to help home buyers and discouraged people from putting their property on the market.

PENTHOUSE APARTMENT WITH PANORAMIC VIEWS

A luxury two-double bedroom penthouse apartment, located in central Bristol, is available to rent fully furnished from the Bishopston office of Besley Hill Estate Agents.
Presented to the highest of standards, The Penthouse Apartment, 51 Balmoral House, Cannons Way, has a wraparound sun terrace giving panoramic views of Bristol and the Harbourside development.
“It is a fabulous property ideal for relaxing after a long day in the office just minutes away from Bristol city centre, the SS Great Britain and the Cabot Circus shopping centre,” says estate agent Darren Head.
The spacious accommodation includes entrance hallway with video security entrance phone, large lounge area with leather sofas and glass coffee table, and double doors leading onto one of the two private sun terraces with far reaching views and a sunny aspect.
There is also a dining area with contemporary dining table for six people, a snug area with feature bow bay windows and feature domed ceiling and skylight.
Leading from the lounge is a modern kitchen with white goods and there is a white suite bathroom.
Both bedrooms have double de-luxe beds, one benefiting from an en-suite shower room and access to the second rooftop terrace.
“The apartment has clean, neutral decorations and carpets, and large windows throughout, giving the property a very light and airy feel,” adds Darren Head.
The rental of £1495.00 pcm includes reasonable use of gas, electric and water, TV licence and secure parking nearby at @Bristol.
For further details contact Darren Head at Besley Hill Estate Agents, 66 Gloucester Road, Bishopston, Bristol BS7 8BH, tel 0117 924 4008, email bishopston@besleyhill.co.uk

Housing markets 'Spring Bounce'

The housing market enjoyed a spring bounce during the month of April with property prices and sales levels rising according to the RICS today.

The Royal Institution of Chartered Surveyors said housing market sentiment "rebounded" during the month, helped by the better weather.

17% more surveyors reported house price rises than those who saw a fall during the month, up from just 9% more in March.

The balance reported newly agreed sales also turned positive for the first time this year at 12%, up from minus 8% during the previous month.

Average numbers of completed sales during the three months to the end of April also rose to 17.4 per surveyor, the first increase for three months.

11% of surveyors reported a rise in the number of new homes being put up for sale in April, while only 8% reported an increase in inquiries from new buyers, although that was the highest level since December.

Activity levels are expected to continue increasing during the coming months, with many surveyors expecting the market to gain momentum now the election is out of the way.

25% more of surveyors expect sales to rise going forward, up from just 6% in March, and the highest level since October last year.

7% also expect prices to rise, compared with a balance of 2% who were predicting further price falls in the previous month's survey.

RICS spokesman Jeremy Leaf said: "For much of 2010, the housing market has been under the shadow of the General Election, with the gap between supply and demand growing wider as potential house buyers opted to stand on the sidelines awaiting the outcome of the poll.

"However, the start of spring has seen renewed optimism with the good weather improving sentiment and surveyors expecting an increase in both sales and house prices.

"The housing market often sees an increase in new instructions in the early part of the year with sales boosted in the spring and this year has been no exception."

Surveyors throughout the country reported firm price increases.

Ed Stansfield, chief property economist at Capital Economics, said: "The softer tone evident in most of the RICS housing market balances since the turn of the year was partially reversed in April.

"It will be at least another month or two, however, before we know whether the market has finally shaken off its New Year hangover or whether April's more positive survey was a one-off."

Source: The Independant 10.05.10

MODERN FAMILY HOME TO RENT

An extremely well presented three-bedroom family home, 22 Hazel Grove, Horfield, is available to rent part-furnished for £850 per calendar month at the end of June/early July.

Built just over five years ago, the end-of-terrace property has downstairs cloakroom, large lounge with modern decorations and floorings, and kitchen/dining room with gas hob, electric oven, dishwasher and fridge/freezer.

On the first floor are two double bedrooms (one with en-suite shower room), single bedroom/office and a white suite bathroom with bath and shower.

Other benefits include double glazing, alarm, gas central heating, off-street parking for two cars and large rear garden.

“The owners have recently redecorated the lounge and the property is in very good order throughout,” says Darren Head from Besley Hill Estate Agents at Bishopston.

“The home is ideal for a small family, a professional couple or professional sharers. We have let a similar house on the same estate to a doctor who relocated from Austria and now works at Frenchay Hospital.”

The property is set close to Gloucester Road (A38), providing easy access to other major employers such as Rolls Royce, Airbus, BAE Systems, MOD and Hewlett-Packard as well as the M32, M4 and M5 motorways.

For further details contact Darren Head at Besley Hill Estate Agents, 66 Gloucester Road, Bishopston, Bristol BS7 8BH, tel 0117 924 4008, email bishopston@besleyhill.co.uk

Eve of the Election - Who's Saying What on Property?

The results of the election are as unpredictable as ever and yet could prove a real turning point for the property industry.

So, here's a very brief "Eve of Election" run down of the key points relating to property in each of the three main party manifestos.

LABOUR: Will reform housing benefits, provide tenants in the private rented sector with the right to a written tenancy agreement and establish a national register of landlords. By 2020 every home will have a smart meter, and the private rented sector will be regulated to ensure properties are properly insulated.

CONSERVATIVES: Will scrap HIPs and amend the Use Classes Order to allow properties to be used for any purpose permitted in new local plans. A new green deal will provide every home with up to £6,500 worth of energy improvement, with more available for some properties.

LIBERAL DEMOCRATS: Will scrap HIPs and bring back into use 250,000 empty properties. Will provide loans and grants to improve the energy efficiency of properties.

Results at the 2005 election: Labour 356 seats, Conservatives 198, LibDems 62.

Source Estate Agent Today 05.05.10

HOUSE PRICE INFLATION HITS 10.5%

The annual rate of UK house price inflation has hit double figures for the first time since June 2007, according to the Nationwide.
The building society said that house prices in the UK had risen by 10.5% in the year to the end of April.
Prices rose by 1% in April to push the cost of the average home to £167,802.
"There has recently been evidence of a slight shift in the supply-demand balance," said Martin Gahbauer, the Nationwide's chief economist.
"While the recovery in new buyer enquiries at estate agent offices appears to have petered out, the last few months have seen an increase in the level of new instructions from sellers.
"All else equal, this could lead to a gradual flattening out of the recent upward price momentum," he said.
The building society's figures show that prices in the past three months were just 1.1% higher than in the preceding three months.
That was the slowest three-month on three-month rate since June last year and reflects the fact that much of the annual increase in prices has been due to the rebound in prices that took place last summer.
Despite the revival in prices, which has taken many commentators by surprise, activity in the property market is still relatively subdued.
This has been due to the enforced rationing of mortgage funds provoked by the credit crunch and the banking crisis that started in 2007.
This means the average first-time buyer still has to put down a 25% deposit to secure a mortage.
The most recent figures from HM Revenue & Customs (HMRC) showed that completed sales in the UK jumped by 22% in March from the month before to 72,000.
However, apart from last year, that was the lowest March figure since the HMRC's current records started in 1978.
"The strong rebound in house prices over the last year has taken place within the context of a subdued mortgage market, with the number of mortgage advances across the industry still well down on pre-crisis 'norms'," Mr Gahbauer said.

FAMILY HOME WITH PLENTY OF PARKING SPACE

You won’t have any parking problems if you buy a family-sized three-bedroom semi-detached home currently on the market on Charlton Road, Brentry.
For the house is set back from the main road with a driveway suitable for parking at least five cars leading to an “oversized” garage.
“The property is extremely well presented and has a warm family feel throughout,” says Darren Head from Besley Hill Estate Agents at Bishopston.
The house, priced at £249,950, has been extended to the side and, on the ground floor, offers a light entrance hallway, office with cloakroom (possible downstairs bedroom for elderly parent), bay lounge, dining room and fitted kitchen.
On the first floor are three bedrooms, one of which has an en-suite shower, and a large family-sized bathroom with bath and separate shower.
Behind the 19-metre rear garden is land with full planning consent for one one-bedroom flat, four two-bedroom flats, one three-bedroom end terrace house with attached garage and parking for eight cars with an asking price of offers in excess of £250,000.
For further details of 231 Charlton Road and an appointment to view, contact Darren Head at Besley Hill Estate Agents, 66 Gloucester Road, Bishopston, Bristol BS7 8BH, tel 0117 924

ENTERING THE BUY TO LET MARKET

Patrick Ennis, John Simmons, Nigel Bull and Mark Gregory, financial advisers from Mortgage Advice Bureau (MAB) based at Besley Hill Estate Agents’ offices throughout Bristol and Gloucestershire, comment on entering the Buy to Let market
Buy to Let – should I or shouldn’t I? In the recent economic climate many potential investors question whether to enter the Buy to Let market.
When house prices first started to fall, many experts warned that Buy to Let investors might run scared, potentially prompting a house price crash. This didn’t happen – in fact, just a few months ago some reports suggested Buy to Let was booming, benefiting from larger numbers of people renting and cheaper property prices.
The National Landlords Association (NLA), the leading representative body for private-residential landlords across the UK, represents almost 20,000 individual landlords. According to Simon Gordon of the NLA, research shows that renting is no longer the ugly sister of the property market.
”Increasing numbers are attracted to renting, as a simpler, more flexible alternative to home ownership. Gone is the view that renting is the only option for those who can’t afford to get on the property ladder. Nowadays there are property savvy renters who prefer not having to worry about home repairs or concerns about making ends meet with potentially volatile interest rates,” he said.
Buy to Let loans are based on the property’s value and its rental potential and, although the market for Buy to Let Mortgages is not as good as it once was, there are still deals available.
Q. Is it the right time?
A. Despite uncertainties over the future of the Property Market in the UK, the Buy to Let sector is predicted to grow, a marked turnaround from early last year. The three key reasons for an increase are:
1. More opportunities for people seeking flexibility and mobility with rented properties
2. Younger generations finding it more socially acceptable to rent rather than buy
3. A rise in the traditional rental market
Q. What benefits are there to become a landlord?
A. Now may not be a good time to sell so why not turn it around and let your property out? There are a number of benefits. Here are some key ones:
1. Long term investment
2. A steady sum of income, depending on where your property is and rental charges
3. Considerable tax advantages (tax breaks offered to landlords who rent out their property)
Q. Should I self manage or get a letting agent to manage?
A. There are pros and cons of self managing. Self managing allows you to keep your variable costs down; if you find tenants and manage the property yourself you could save money. Bearing this in mind, you will need to find suitable tenants, draft up an appropriate tenancy agreement, ensure it’s signed properly, and check references. In addition to doing all this, you will need to be first in line for any maintenance problems.
However, if a letting agent managed your property it will save you all the hassle of running around, as the agency will do all the leg -work on your behalf.
Helpful Information
Landlord Association
Landlord Associations are a good place to start as the advice and information will be invaluable. Three of the more well-known Landlord Associations to join are:
• National Federation of Residential Landlords
• National Landlords Association
• Residential Landlords Association
Landlord and Buy- to- Let Show
The Landlord and Buy- to- Let Show is the largest and longest established private rented sector show with shows at London Olympia in March and September and also in mid November at Birmingham NEC. You can visit the following link to view more information http://www.landlordshow.com/home.asp
Buy to Let Mortgages
Buy to Let Mortgages are specifically designed for investors to borrow money to purchase property in the private rented sector in order to let it out to tenants.
Typically, the interest rates that are offered on Buy to Let mortgages are fairly close to residential mortgage rates but will on average be higher and you will typically be charged higher fees. This is due to the perception amongst banks and other lending institutions that Buy to Let mortgages represent a greater risk than residential owner-occupier mortgages. It is therefore essential that potential investors seek independent mortgage advice to ensure they secure the most suitable deal for their circumstances.
For further information on Buy to Let mortgages, contact Patrick Ennis (Fishponds, Downend, Easton and Kingswood), John Simmons (Bedminster, Bishopston, Bishopsworth and Whitchurch), Nigel Bull (Longwell Green, Chipping Sodbury and Knowle) and Mark Gregory (Dursley, Stroud, Thornbury and Wotton-Under-Edge) at your local Besley Hill Estate Agents office, www.besleyhill.co.uk
Note:
Your property may be repossessed if you do not keep up repayments on your mortgage.
There is no guarantee that it will be possible to arrange continuous letting of the property, nor that rental income will be sufficient to meet the cost of the mortgage.
A fee of up to 1% of the mortgage amount may be charged depending on individual circumstances. A typical fee is £95.

FURTHER SIGNS OF HOUSING MARKET RECOVERY

The housing market has showed further signs of a spring revival as asking prices rose by 2.6 per cent over the past month, according to figures.
Property website Rightmove said the average price of a UK property rose to £235,512 between March 7 and April 10 in a marked improvement of the 0.1 per cent lift the month before.
The number of new homes coming on to the market also rose, with buyers enjoying the greatest choice since October 2009.
Also, mortgage lending soared by nearly a quarter to £11.5 billion last month as the traditional spring buying season got off to a good start, new figures showed.
Gross mortgage lending in March was 24 per cent higher than in February and three per cent up year on year, with lending in the first quarter reaching £29.5 billion, according to the Council of Mortgage Lenders.
And in Bristol more than 40 prospective buyers queued up to view new flats, the earliest hopefuls arriving six hours early before 5.00am at the former Megabowl site in Ashton, where 184 apartments were on offer from £99,995.
"It has been some time since I last saw people queuing up to purchase properties," said Richard Gadd, regional sales and marketing director for Taylor Wimpey.

SPACIOUS FAMILY HOME WITH ANNEXE

This individually-built home at Longwell Green, priced at £760,000, has a self-contained annexe suitable for a live-in relative.
Offering spacious family accommodation, 45 Court Farm Road is set in large, attractive gardens backing onto fields.
“Only by an internal viewing can this property be fully appreciated,” says the agent, Lynne Derrick, of Besley Hill Town & Country Homes at Whitchurch Village.
The main house comprises four bedrooms, one en-suite bathroom, lounge, dining room, solid oak kitchen, utility room, study, shower room, small garden room and double-glazed conservatory.
The annexe has independent heating controls and a bedroom with walk-in wardrobe, shower room and open plan kitchen/lounge/dining room.
The extensive, well-maintained rear garden includes a patio area, lawns, ornamental garden with pond, rockery, raised flower beds, vegetable/fruit plot and an abundance of well-established trees and shrubs as well as garden sheds and a greenhouse.
For further details and an appointment to view, contact Lynne Derrick at Besley Hill Town & Country Homes, 91 Bristol Road, Whitchurch Village, Bristol BS14 0PS, tel 01275 891444, email whitchurch@besleyhill.co.uk

Spring is in the air!

Besley Hill have noted that the number of people wanting to buy or sell homes has picked up in the past month.

The firm confirmed the number of potential sellers rose in March to its highest level for 12 months. This finding was confirmed by the National Association of Estate Agents (NAEA).

The number of prospective buyers rose by 7% last month also.

The NAEA said spring had brought its usual increase in activity, and suggested sales would improve in the coming months. "Spring has finally arrived and brought with it a much needed boost to the housing market, particularly among sellers," said Gary Smith of the NAEA. "This figure has been low in recent months and this is a welcome indication that reflects a growing confidence that the recovery is well underway."

Encouraging signs

Earlier this week, a survey by the Royal Institution of Chartered Surveyors (RICS), some of whose members also work as estate agents, reported that the number of people trying to sell their homes last month had reached its highest level since May 2007.

According to the NAEA's survey, the average number of homes for sale at each of its member's branches rose from 56 in February to 60 in March.

At the same time, the number of house hunters registered with each branch went up by 7% last month, to 274 per branch.

Sales have also risen, the NAEA said, from an average of 6.8 per branch in
February to eight last month.

The NAEA said all this was encouraging, especially with more sellers around.
"This month's figures reveal an increase in the levels of housing stock with more properties available for sale per branch - the highest value recorded over the last six months," the NAEA said. "More house-hunters also registered their interest. With the bad weather now behind us buyers and sellers alike are returning to the market with a renewed vigour," it added.

Source BBC News 16.04.10

Election Manifestos 2010 - Who's promising what?

Now all the three main parties have released their manifestos we can look at possible changes and effects to the Housing Market in England and Wales.

Here is a summary of each parties’ main proposals:

Labour

• 110,000 new homes over the next two years either to rent or buy
• 10,000 Council Houses per year by the end of the next Parliament
• A further tightening by increasing restrictions on repossessions of homes
• FSA to be responsible for regulation of all mortgages; transferring second home loans often used by subprime lenders into the more vigorous FSA regime
• All new homes to be carbon zero (does anybody really know what that actually means) by 2016
• Press ahead with construction of so called “eco towns” will be pressed

Conservatives

 A permanent exemption for first time buyers from Stamp Duty on homes up to the value of £250000.
 Abolish Home Information Packs (HIPS) because of “significant problems”
 Keep Energy Performance Certificates
 No one would be forced to sell their home for unsecured debt under £25000

Liberal Democrats

o A Mansion Tax on all properties worth over £2,000,000 payable at 1% (per annum?) on the value above the £2,000,000 threshold
o Stamp Duty Avoidance measures introduced to ensure Stamp Duty is not avoid by the use of Offshore Trusts
o Stop major housing developments in flood risk areas
o Close loopholes in development of playing fields without proper planning procedures
o Scrap “burdensome Home Information Packs (HIPS)”
o Turn Northern Rock back into a Building Society

Initial Thoughts:

Labour has concentrated least on the Housing Market.

This may fall under Gordon Brown’s pledge not to get in the way of the recovery from recession.

No new policies have been put forward, and one would have to take the pledges on house building with a pinch of salt.

Conservatives have “called” Alastair Darling’s Stamp Duty holiday for First Time Buyers and “raised” it by making it permanent. It is a shame that they did not go the whole hog and be more democratic by giving the exemption to all buyers under the £250,000

Conservatives have followed up with their pre election pledge to abolish HIPs. Their emphasis however may belie a lack of enthusiasm. The pledge to abolish HIPs did not even merit a sub paragraph let alone a full paragraph.

The press has not picked up on this part of the manifesto, and whether there will be much enthusiasm post election remains to be seen.
Any new Government's priorities will lie elsewhere, and if HIPs were abolished, it might be towards the end of the next Parliament in 2014/15

The Conservatives commitment to keeping the Energy Performance Certificates is somewhat strange as this is already embodied in European legislation. They have not said whether the requirement will 10 yearly which is the European requirement or every occasion when a property is sold which is the present legal position in England and Wales.

Liberal Democrats have the most pledges that might affect the Housing Market. They will be deeply unpopular with Developers by stopping major developments on flood risk areas.

Asset rich but cash poor owners of “Mansions” will have additional yearly tax to pay on their homes. A punitive tax as it is based on non income producing assets.

There is no mention on Stamp Duty. Who is to know whether turning the Northern Rock into a Building Society will be in the public interest given the amount of taxpayer bailout it has received.

The Lib Dems have also ganged up on HIPs and want to scrap them whilst again keeping (as they would have to anyway) the Energy Efficiency Certificate.

The Lib Dems opposition to HIPs is new as Vince Cable the Lib Dem’s Treasury spokesman is on record as saying that although HIPs were "badly timed and have added extra cost and friction [nevertheless] now they’re here, it’s not sensible to abandon them”.

There we have it: Hardly designed to set the pulses racing.

In essence not much between the parties to cement or differentiate and with the possible exception of HIPS, hardly any obvious vote catcher.

Thanks to Paul Hajek at Actionmove - www.actionmove.co.uk for the above analysis.

http://www.actionmove.co.uk/site/blog/election_manifesto_2010_and_the_housing_party_.html