The annual rate of house price inflation eased slightly in March, the Nationwide building society today said. Prices across the UK rose by 0.7% in the month, taking the cost of the average UK home to £164,519. That was 9% higher than a year ago, a rise of nearly £14,000 on the average.
The recovery in the housing market continues to be strongest in southern England, with London leading the way with house price growth of 2.5pc during the first quarter of 2010, while prices rose by 2.3pc in the South West.
Further good news on the mortgage front - mortgages aimed at first-time buyers that require a 10% deposit are to be offered by a revamped Post Office, the government announced yesterday. The institution will start to offer financial products from its network of 11,500 branches within the next year. Source BBC & Daily Telegraph News 30.03.10
Tuesday 30 March 2010
Friday 26 March 2010
Frenchay Common Views - Delightful Cottage
Besley Hill Town and Country Homes are delighted to offer for sale this superb middle terrace cottage providing an outstanding position with front and rear aspects overlooking Frenchay Common.
The property has been much improved by its current owner and in our opinion is displayed throughout in excellent condition, whilst retaining many period style features.
The accommodation comprises to the ground floor: entrance porch, lounge with a working cast iron multi fuel burner, kitchen/dining room, with a built in oven and hob and a refitted bathroom suite with an overbath shower system. To the first floor can be found, two double sized bedrooms, the master of which has a cast iron period fireplace. The property further benefits from having gas central heating from a combination boiler, Upvc double glazed windows to the rear of the property and reconditioned sash windows to the front. Externally there is a low maintenance front garden and a 50 foot rear garden laid to lawn with a flag stone patio.
Properties of this style within this location are very seldom available, therefore an early inspection comes highly recommended.
For more information click/copy & paste this link:http://www.besleyhill.co.uk/propertyDetails.php?pid=207843#
The property has been much improved by its current owner and in our opinion is displayed throughout in excellent condition, whilst retaining many period style features.
The accommodation comprises to the ground floor: entrance porch, lounge with a working cast iron multi fuel burner, kitchen/dining room, with a built in oven and hob and a refitted bathroom suite with an overbath shower system. To the first floor can be found, two double sized bedrooms, the master of which has a cast iron period fireplace. The property further benefits from having gas central heating from a combination boiler, Upvc double glazed windows to the rear of the property and reconditioned sash windows to the front. Externally there is a low maintenance front garden and a 50 foot rear garden laid to lawn with a flag stone patio.
Properties of this style within this location are very seldom available, therefore an early inspection comes highly recommended.
For more information click/copy & paste this link:http://www.besleyhill.co.uk/propertyDetails.php?pid=207843#
Large Victorian Villa For Auction
For sale by public Auction unless previously sold. Auction to be held at the Kendleshire Golf Club, Henfield Road, Coalpit Heath, Bristol on Thursday 22nd April 2010. Contact Fishponds Branch Telephone 0117 9653162 for specific auction viewing arrangements.
A rare opportunity to purchase a three storey mid terrace 1900’s built portfolio investment arranged as three self contained flats providing outstanding rental investment potential. Likely to appeal to landlords, buy to let investors and property developers the combined sale of these three flats provide ample opportunity to increase rental income through careful refurbishment and modernisation of the garden flat.
Both the first and top floor flats are currently let for £495 per calendar month. The garden flat is offered with vacant possession. The top floor flat has received recent modernisation and refurbishment and offers well proportioned accommodation with a genuine double bedroom and smaller second/box room. Most apartments have UPVC double glazed windows and doors (where stated) together with gas heating boilers. Upper Eastville/Fishponds represents an ideal position for those requiring good access to the city together with a junction with the M32 motorway.
There are a small rank of shops within almost immediate walking distance together with a more comprehensive range of services along Fishponds High Street. Besley Hill Estate Agents are delighted to promote this home for auction and anticipate strong interest within this sale.
For more information click/copy & paste this link: http://www.besleyhill.co.uk/propertyDetails.php?pid=210312
A rare opportunity to purchase a three storey mid terrace 1900’s built portfolio investment arranged as three self contained flats providing outstanding rental investment potential. Likely to appeal to landlords, buy to let investors and property developers the combined sale of these three flats provide ample opportunity to increase rental income through careful refurbishment and modernisation of the garden flat.
Both the first and top floor flats are currently let for £495 per calendar month. The garden flat is offered with vacant possession. The top floor flat has received recent modernisation and refurbishment and offers well proportioned accommodation with a genuine double bedroom and smaller second/box room. Most apartments have UPVC double glazed windows and doors (where stated) together with gas heating boilers. Upper Eastville/Fishponds represents an ideal position for those requiring good access to the city together with a junction with the M32 motorway.
There are a small rank of shops within almost immediate walking distance together with a more comprehensive range of services along Fishponds High Street. Besley Hill Estate Agents are delighted to promote this home for auction and anticipate strong interest within this sale.
For more information click/copy & paste this link: http://www.besleyhill.co.uk/propertyDetails.php?pid=210312
Wednesday 24 March 2010
TODAYS BUDGET REACTION FROM BESLEY HILL ESTATE AGENTS
Adam Offer, Managing Director of Besley Hill Estate Agents, with 16 offices in Bristol and Gloucestershire, welcomed the suspension of Stamp Duty on first-time buyer property purchases up to £250,000 during 2010 and 2011.
"But it would have done more to boost the housing market if the Chancellor had applied the exemption to all buyers or, better still, if he had scrapped Stamp Duty altogether," said Mr Offer.
For further comment contact Adam Offer on 07968029012
"But it would have done more to boost the housing market if the Chancellor had applied the exemption to all buyers or, better still, if he had scrapped Stamp Duty altogether," said Mr Offer.
For further comment contact Adam Offer on 07968029012
Stamp Duty Rise to £250,000?
Alistair Darling maybe set to announce an increase in the Stamp Duty threshold to £250,000 in today's Budget. Leading analysts say it would be a classic pre-Election sweetener, letting virtually all first-time buyers off the tax.
The move would cost the Treasury £1bn but could transform the housing market.
Many industry stakeholders are calling on Alistair Darling to introduce a tax incentive scheme for first-time buyers. This scheme operates successfully in the US with an $ 8,000 First Time Home Buyer Tax Credit. First-time buyers – defined as anyone who has not owned a home for three years – are all eligible for the tax credit after their purchase.
Although consumer confidence in the market is being restored, low levels of supply in new housing and a lack of mortgage finance means the market is not moving as fast as it could.
If Alistair Darling is serious about helping first-time buyers he clearly need to review Stamp Duty which are impeding progress at a crucial time of recovery.
Watch this space for news later…….
The move would cost the Treasury £1bn but could transform the housing market.
Many industry stakeholders are calling on Alistair Darling to introduce a tax incentive scheme for first-time buyers. This scheme operates successfully in the US with an $ 8,000 First Time Home Buyer Tax Credit. First-time buyers – defined as anyone who has not owned a home for three years – are all eligible for the tax credit after their purchase.
Although consumer confidence in the market is being restored, low levels of supply in new housing and a lack of mortgage finance means the market is not moving as fast as it could.
If Alistair Darling is serious about helping first-time buyers he clearly need to review Stamp Duty which are impeding progress at a crucial time of recovery.
Watch this space for news later…….
Wednesday 17 March 2010
Award Winners at Besley Hill Estate Agents
Patrick Ennis, John Simmons, Nigel Bull and Mark Gregory, financial advisers from Mortgage Advice Bureau (MAB) based at Besley Hill’s offices throughout Bristol and Gloucestershire, are celebrating MAB winning national awards as Best Mortgage Broker and Best Protection Broker.
The firm was presented with these prestigious accolades at the Mortgage Strategy Awards held at the Grosvenor House Hotel in London. "This is a fantastic achievement and we are very proud to win these awards,” said Patrick Ennis. “In the current economic climate, MAB has continued to grow and prosper where many brokers have struggled, and these awards are a true testament to MAB’s continued strength in the mortgage and protection marketplace. We are very proud to be part of a highly credible and reputable broker who takes a proactive and forward thinking approach regardless of what's happening in the economy."
To see whether you would benefit from having a one to one review of your mortgage and protection needs, and to see how Mortgage Advice Bureau differs from other brokers and lenders on the high street, contact Patrick (Fishponds, Downend, Easton and Kingswood), John (Bedminster, Bishopston, Bishopsworth and Whitchurch), Nigel (Longwell Green, Chipping Sodbury and Knowle) and Mark (Dursley, Stroud, Thornbury and Wotton-Under-Edge) at your local Besley Hill office.
The firm was presented with these prestigious accolades at the Mortgage Strategy Awards held at the Grosvenor House Hotel in London. "This is a fantastic achievement and we are very proud to win these awards,” said Patrick Ennis. “In the current economic climate, MAB has continued to grow and prosper where many brokers have struggled, and these awards are a true testament to MAB’s continued strength in the mortgage and protection marketplace. We are very proud to be part of a highly credible and reputable broker who takes a proactive and forward thinking approach regardless of what's happening in the economy."
To see whether you would benefit from having a one to one review of your mortgage and protection needs, and to see how Mortgage Advice Bureau differs from other brokers and lenders on the high street, contact Patrick (Fishponds, Downend, Easton and Kingswood), John (Bedminster, Bishopston, Bishopsworth and Whitchurch), Nigel (Longwell Green, Chipping Sodbury and Knowle) and Mark (Dursley, Stroud, Thornbury and Wotton-Under-Edge) at your local Besley Hill office.
Monday 15 March 2010
Market Warms Nicely
Houses are more affordable now than since 2003, says one of the latest property portals Zoopla.
It says that because of lower house prices and mortgage rates, 58% of homes are now affordable by the average British earner, up from 34% three years ago.
Over the past ten years, affordability levels reached their highest point in 2002 at 66%. Zoopla rates affordability on the basis of a borrower using one-third of income for mortgage payments.
Today, that proportion of an average income safely finances a mortgage of £188,423.
All we need now are for Banks and Building Societies to continue to relax their lending criteria.
Interestingly Besley Hill have seen approaching a third more buyers register compared to the same period in 2009 and over 50% more homes coming onto the market.
It says that because of lower house prices and mortgage rates, 58% of homes are now affordable by the average British earner, up from 34% three years ago.
Over the past ten years, affordability levels reached their highest point in 2002 at 66%. Zoopla rates affordability on the basis of a borrower using one-third of income for mortgage payments.
Today, that proportion of an average income safely finances a mortgage of £188,423.
All we need now are for Banks and Building Societies to continue to relax their lending criteria.
Interestingly Besley Hill have seen approaching a third more buyers register compared to the same period in 2009 and over 50% more homes coming onto the market.
Monday 8 March 2010
Mortgage deals keep getting better
Mortgages for homebuyers have improved over the past month - according to Moneyfacts.
At the start of March there were 1,798 mortgage deals available which required deposits of between 0% and 40%. That was 6% more availability than a month ago and 68% more than a year ago. There are a few mortgages available with just 0% or 5% deposits, but there are now 489 deals that ask for 10% or 15% down-payments. That is 90% more than a year ago when there were just 258 such loans on the market.
"There are a growing number of mortgage providers who are becoming a little more accommodating with their credit criteria and this bodes well for consumers who will benefit from a growing competitive mortgage market," said Michelle Slade of Moneyfacts.
"It is pleasing to see that the average mortgage rate is falling at the same time as deposit requirements are getting smaller," she added.
Lower rates
Among the lenders to cut the interest rates across their mortgage ranges in recent weeks have been Lloyds, RBS, Cheltenham & Gloucester, Northern Rock and Alliance & Leicester.
The cuts have been between 0.1% and 0.5%. In another indication of more relaxed lending, RBS has raised its maximum advance for first time buyers from £150,000 to £300,000.
The biggest reductions in interest rates have tended to be at the highest loan-to-value (LTV) levels, at 85% in particular - which would indicate lenders have more money to lend.
House prices have risen in the UK over the past year, which means that lenders are again lending against appreciating assets and not ones that are going down in value.
It would appear increasingly in the last few weeks, that some lenders have improved their offerings over 75% LTV, which is down to the consideration that it is more commercially viable as the risk is that much less.
For up to date information on the very best mortgages available log onto http://www.besleyhill.co.uk/ or call 0117 9653162.
At the start of March there were 1,798 mortgage deals available which required deposits of between 0% and 40%. That was 6% more availability than a month ago and 68% more than a year ago. There are a few mortgages available with just 0% or 5% deposits, but there are now 489 deals that ask for 10% or 15% down-payments. That is 90% more than a year ago when there were just 258 such loans on the market.
"There are a growing number of mortgage providers who are becoming a little more accommodating with their credit criteria and this bodes well for consumers who will benefit from a growing competitive mortgage market," said Michelle Slade of Moneyfacts.
"It is pleasing to see that the average mortgage rate is falling at the same time as deposit requirements are getting smaller," she added.
Lower rates
Among the lenders to cut the interest rates across their mortgage ranges in recent weeks have been Lloyds, RBS, Cheltenham & Gloucester, Northern Rock and Alliance & Leicester.
The cuts have been between 0.1% and 0.5%. In another indication of more relaxed lending, RBS has raised its maximum advance for first time buyers from £150,000 to £300,000.
The biggest reductions in interest rates have tended to be at the highest loan-to-value (LTV) levels, at 85% in particular - which would indicate lenders have more money to lend.
House prices have risen in the UK over the past year, which means that lenders are again lending against appreciating assets and not ones that are going down in value.
It would appear increasingly in the last few weeks, that some lenders have improved their offerings over 75% LTV, which is down to the consideration that it is more commercially viable as the risk is that much less.
For up to date information on the very best mortgages available log onto http://www.besleyhill.co.uk/ or call 0117 9653162.
Tuesday 2 March 2010
STYLISH LIVING IN THE HEART OF THE CITY
Fancy living at an iconic building with stunning views across Bristol’s Harbourside and city centre?
Well, now is your chance because five apartments at the new Quay Point North development, situated opposite Bristol Hippodrome, are available to rent from Besley Hill Estate Agents at Bishopston.
One of the them, 70 Central Quay North, Broad Quay, comes furnished with two bedrooms and two bathrooms at a rent of £875 per calendar month. The others, numbers 43, 46, 48 and 58, are all one-bedroom with rents from £725-£750 pcm.
Spread over seven floors, the 69 luxury studios, one and two-bedroom apartments at Quay Point North are extremely well presented and fitted to a high specification with a finish that is second to none. All have a balcony or terrace.
The spacious rooms are furnished with leather sofas, wooden table and leather chairs, double beds, wardrobes/cupboards and chest of drawers, complemented by modern neutral decorations, light carpets and wooden floorings.
The high quality, fully fitted kitchens include hobs, ovens, extractor fans, dishwashers, washer dryers and microwaves while the sleek bathrooms are fully tiled with shower over a white bath and contemporary wash hand basins. A limited number of two- double bedroom apartments have good-sized en-suite shower rooms.
The apartments also benefit from 24-hour concierge and security video door entry phone with lifts giving access to each level.
For further details contact Darren, Matt, Catherine or Jenna at Besley Hill Estate Agents, 66 Gloucester Road, Bishopston, Bristol BS7 8BH, tel 0117 924 4008, email bishopston@besleyhill.co.uk, website http://www.besleyhill.co.uk/
COTTAGE WITH HISTORIC FAMILY LINKS
A cottage that has remained within the ownership of the same Bristol family for almost a century is to be sold under the hammer next month (April).
The property, 144 Manor Road, Fishponds, is one of the lots at Besley Hill’s auction sale to be held at the Kendleshire Golf Club, Henfield Road, Coalpit Heath, on Thursday 22 April.
Open house viewing of the cottage, which has a pre-auction guide price of £140,000-£180,000, starts on Saturday 20 March from 10.00am to 11.00am.
“Properties of this style and unique quality are seldom available because they rarely come on to the market,” says Mark Symonds, senior branch manager of Besley Hill Estate Agents at Fishponds, who is organising the viewings.
Built in the 1800s, the end-terrace cottage retains some original character but is in need of refurbishment and modernisation.
The accommodation comprises entrance porch, lounge, dining room, kitchen, utility, cloakroom/store and two bedrooms, together with a bathroom accessed from bedroom two.
The extensive front and rear gardens stand within part-natural stone boundaries alongside a driveway and detached garage, offering potential for conversion and/or redevelopment (subject to the necessary building and planning approvals).
The rear garden extends approximately 130ft in length and also contains a natural stone barn divided to form two workshops.
The cottage occupies a position with walking distance of shops, services and a local training college as well as being well placed for access to the city centre and the motorway network via the M32.
Auctioneer Nigel Freston is expecting interest to be shown in this property by a wide range of prospective buyers, including garden lovers, DIY enthusiasts, builders, developers and contractors.
Meanwhile, he will be inviting bids for four properties at Besley Hill’s prior auction at the Kendleshire Golf Club on Thursday 18 March, starting at 7.00pm. They are: 4 Churchend Cottages, Churchend, Slimbridge, Glos, a brick-built terraced cottage (guide price £100,000+); 2-6 Mill Lane, Bedminster, a mixed commercial and residential investment comprising fully let ground floor shop and two flats (guide price £140,000-£160,000); Office Suite 4, Bowling Hill Business Park, Quarry Road, Chipping Sodbury, a modern open plan office suite ready for occupation (guide price £120,000-£140,000); and 43 Stoke Lane, Stoke Lodge, a semi-detached property with potential for improvement (guide price £130,000-£150,000).
For a brochure or further information call the auctioneer’s office on 0117 970 1551 or access the brochure online at www.besleyhillsurveyit.co.uk
To obtain details of specific viewing arrangements for 144 Manor Road, contact Besley Hill Estate Agents at Fishponds, tel 0117 965 3162, email fishponds@besleyhill.co.uk
The property, 144 Manor Road, Fishponds, is one of the lots at Besley Hill’s auction sale to be held at the Kendleshire Golf Club, Henfield Road, Coalpit Heath, on Thursday 22 April.
Open house viewing of the cottage, which has a pre-auction guide price of £140,000-£180,000, starts on Saturday 20 March from 10.00am to 11.00am.
“Properties of this style and unique quality are seldom available because they rarely come on to the market,” says Mark Symonds, senior branch manager of Besley Hill Estate Agents at Fishponds, who is organising the viewings.
Built in the 1800s, the end-terrace cottage retains some original character but is in need of refurbishment and modernisation.
The accommodation comprises entrance porch, lounge, dining room, kitchen, utility, cloakroom/store and two bedrooms, together with a bathroom accessed from bedroom two.
The extensive front and rear gardens stand within part-natural stone boundaries alongside a driveway and detached garage, offering potential for conversion and/or redevelopment (subject to the necessary building and planning approvals).
The rear garden extends approximately 130ft in length and also contains a natural stone barn divided to form two workshops.
The cottage occupies a position with walking distance of shops, services and a local training college as well as being well placed for access to the city centre and the motorway network via the M32.
Auctioneer Nigel Freston is expecting interest to be shown in this property by a wide range of prospective buyers, including garden lovers, DIY enthusiasts, builders, developers and contractors.
Meanwhile, he will be inviting bids for four properties at Besley Hill’s prior auction at the Kendleshire Golf Club on Thursday 18 March, starting at 7.00pm. They are: 4 Churchend Cottages, Churchend, Slimbridge, Glos, a brick-built terraced cottage (guide price £100,000+); 2-6 Mill Lane, Bedminster, a mixed commercial and residential investment comprising fully let ground floor shop and two flats (guide price £140,000-£160,000); Office Suite 4, Bowling Hill Business Park, Quarry Road, Chipping Sodbury, a modern open plan office suite ready for occupation (guide price £120,000-£140,000); and 43 Stoke Lane, Stoke Lodge, a semi-detached property with potential for improvement (guide price £130,000-£150,000).
For a brochure or further information call the auctioneer’s office on 0117 970 1551 or access the brochure online at www.besleyhillsurveyit.co.uk
To obtain details of specific viewing arrangements for 144 Manor Road, contact Besley Hill Estate Agents at Fishponds, tel 0117 965 3162, email fishponds@besleyhill.co.uk
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