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The Wirral News ● Wednesday, January 11, 2012
Now’s the time to buy T
HIS year will see credit-worthy homebuyers offered the chance to buy a new home without a hefty deposit.
Leading housebuilder Barratt Manchester is hailing the return of 95% mortgages for buyers of new homes – announced by David Cameron and Nick Clegg as part of the Government’s national Housing Strategy – as a real boost for the local housing market and local economy. Jason Newton, sales director at Barratt Manchester, said: “The key thing about the return of 95% mortgages on new-build homes is that people will no longer need huge deposits of up to 20% of the price of the property.
“Even though house prices have fallen since 2007, not everyone has been able to take advantage because of the hefty deposits which lenders have been demanding ever since the credit crunch began.” He added: “Now the banks have agreed to start lending again on new-build homes at 95% loan-to-value, homebuyers will only need a deposit of 5%. In practice, that means you could buy a home from Barratt Manchester with a deposit of just £3,959. “Make no mistake – this is a game changing moment for creditworthy buyers who have been understandably frustrated for years about not owning a home of their own. Anyone who doesn’t have
much equity in their current home but needs to take their next step on the housing ladder also stands to benefit.” Barratt Manchester says that the 95% mortgages represent one more reason why newly built homes are a better deal than their secondhand counterparts. Barratt is the only leading housebuilder which guarantees all the internal fixtures and fittings in a new home for a full five years – in other words, the first 1,824 days of occupancy. Jason added: “Now that we have 95% mortgages, I expect lots of local people who have been thinking about a second-hand home will look at what new home builders have to offer.”
SEMI-DETACHED ● Fishers Lane, Pensby, £875pcm
THIS extended, semi-detached house is situated in a convenient location. The house is finished to the highest specification and must be viewed to be fully appreciated.
There are two generous sized lounges and a wellequipped kitchen diner. There are also four bedrooms, two with en-suite facilities, plus a bathroom. The property also benefits
from gas central heating and double glazing. Externally, there is off-road parking and a landscaped garden. ● Bradshaw Henderson Lettings: 0151 342 0051
SEMI-DETACHED ● Rockfarm Close, Little Neston, £675pcm
THIS extended, three bedroom semi-detached property is within walking distance of Woodfall Primary School and other local amenities.
Inside comprises a conservatory, separate lounge and dining room, kitchen and bathroom. The property also benefits from double glazing.
Externally, there is a detached garage and ample driveway. ● Reeds Rains, Neston: 0151 336 7701
● A typical Barratt home interior
Code: NA
Don’t delay AFTER a survey found 55% of renters would like to buy their own home, and more than a quarter of those were over 40, Jones and Chapman is urging people not to be put off buying their first home. Mortgage sales consultant Mark Williamson believes would-be buyers in any age group should act now if they wish to get on the housing ladder. Commenting on the Rightmove Consumer Rental Forecast, he said: “There is scope for people to buy their own homes, but they should not delay. A typical mortgage will be repaid over 25 years, so someone aged over 40 may need to make repayments over a slightly shorter period.” He added: “At Jones and Chapman we have access to high loan-to-value, reducing the need for a large deposit upfront.” ● Contact Jones and Chapman, on 644
8666 (Bebington), 334 2411 (Bromborough), 608 2287 (Prenton), 677 2354 (Moreton), 342 6262 (Heswall), 632 3128 (Hoylake), 336 5178 (Neston), 677 9473 (Greasby) or 630 4717 (Wallasey).
APARTMENT ● East Float Mills, Birkenhead, £475pcm
THIS superb converted one bedroom ground floor apartment in the East Float Mills development is finished to a very high standard. The property briefly comprises an entrance hall,
mezzanine bedroom, fitted kitchen with integrated appliances and bathroom with shower over bath. The property benefits from electric heating, double glazing, laminate flooring and
carpets throughout. There is also an entry phone system, use of private courtyard and allocated parking. ● Martin & Co (Wirral North): 0151 632 3255
SEMI-DETACHED ● The Coach House, Neston, £1,200pcm
THIS unfurnished and totally renovated semi-detached home is located in a secluded yet convenient position, just off Chester High Road. The property has oil fired central heating and double glazing and enjoys superb open views over adjoining farmland.
Inside comprises an impressive hallway with stone flooring, large living room with garden access, fully fitted kitchen/family/dining room, study, utility and ground floor wc. To the first floor there are three double bedroom, two of which have en-suite shower
rooms, and the main family bathroom. Externally, there is ample private parking to the front and large lawned garden area to the rear. No pets, smokers or children. ● Clive Watkin: 0151 342 4422