Private Rented Housing Fire Safety Advice

Private Rented Housing Fire Safety Advice

I’m sure you’ve heard about the awful story of a Flyde home recently being devastated by fire? Well this tragic story has compelled me to write a blog on fire safety in private rented accommodation this week, as we can’t stress enough the importance of fire safety but sadly many still don’t completely understand their responsibilities.

Did you know that smoke and carbon monoxide alarms are to be made a mandatory requirement in both social and privately rented homes in England and Wales, from October 2015?

This follows years of campaigning by the Chief Fire Officers Association (CFOA) and the British Property Federation, who hope that this will provide clarity to all landlords. Although thankfully a minority, the English Housing Survey 2013 estimated that 82% of privately rented homes had functioning smoke alarms fitted by diligent landlords and letting agents.

Scotland lead by example, as it’s already a legal requirement there to provide linked ‘hard-wired’ smoke alarms on stair landings and living rooms, along with heat detectors in kitchen areas and carbon monoxide alarms wherever a gas appliance can be found.

Director of policy at the BPF said: “It is quick, cheap and easy to install these pieces of equipment, so making them mandatory makes sense.”

According to the latest fire statistics for 2013/2014, fire and rescue services in Britain attended 212,500 fires within this period, which is a 10% increase on 2012-13. Dwellings with no smoke alarm accounted for 38% of deaths in home fires, with nearly one fifth of deaths occurring where no smoke alarm worked.

A survey by the BWF-Certificate Fire Door and Dorset Scheme and the Fire Door Inspection Scheme (FDIS) also found that:

  • 37% of those responsible for fire safety were not clear on their legal obligations,
  • 35% questioned said they would not be able to tell the difference between a fire door and an ordinary door,
  • 45% of business owners admitted they would not be able to tell is a fire door was ‘dodgy’.

Fire door safety is also an extremely important issue for landlords in East Lancashire to take note of, especially those with HMO’s (House of Multiple Occupancy).

This legislation has been further prompted by the tragic incident of Sophie Rosser; a 23 year old architect, who sadly lost her life when she went back into her apartment block to save her trapped fiancé after a fire broke out in her London flat. It was later revealed that the buildings fire alarm had not been working for two years and that there had also been problems with the self-closing fire doors.

Ainsworth Lord Estates will be proudly supporting the following national fire awareness events – Will you?

Fire Door Safety Week, taking place 14th-20th September 2015.

fire

Fire Prevention Week, taking place 5th-11th October 2015 –which is perfectly timed for this much needed legislation to take effect!

fire2

We take great pride in the properties that we manage for our private landlords in Darwen and Blackburn, focusing extra care and attention on fire safety issues. Need help with managing your buy-to-let? Don’t hesitate to get in touch today on 01254 760660 or email: Darwen@AinsworthLordEstates.com .

Top 3 reasons to move to East Lancashire

Top 3 reasons to move to East Lancashire

It’s not really surprising that with the London and South East housing price bubble, that more of you are looking further afield to live and work, outside the UK’s over saturated capital and further afield to other areas of the UK.

We believe now is the perfect time for you to buy or rent property in East Lancashire – here are three reasons why:

Low Prices

The North West is experiencing the lowest annual house price growth of any English region year-on-year, with average house prices now around £175,000. This presents ideal opportunities if you’re a first time buyer looking to get on the property ladder in Lancashire.

Examples of great houses currently for sale, ideal for first time buyers and/or those looking for a great price in Darwen and Blackburn.

Click for more East Lancashire houses for sale on Zoopla

Click for more East Lancashire houses for sale on Rightmove

We are also happy to announce that we’ve experienced a definite increase in first time buyer interest in East Lancashire, especially with the new Help to Buy ISA announced.

Regeneration

Investor interest is growing within East Lancashire and the surrounding areas, with many forecasts predicting radical new ideas to improve Lancashire neighbourhoods and housing.

A true region of contrast, the North West has so much to offer you and your family having something for everyone.

For example, a leading IT recycling specialist with headquarters in Lancashire has created more jobs, after receiving a business grant from the government’s Regional Growth Fund. More info here.

Lancashire has also recently smashed the record for new businesses launched in the area in a single year, with 5.7% more active companies than there were a year ago and 32% more than 5 years ago!

Renting out property in East Lancashire

Thinking of letting out your property? Well now could be the best time!

The North West is starting to catch up with the rest of the UK rent wise, experiencing a resurge in rental growth within Darwen, Blackburn and other Lancashire areas; now on an equal basis with London and the South East for most of last year. So if you’re considering becoming a first time landlord or expanding your portfolio, now is the time to benefit from the increasing North West rental yields.

Looking to rent in East Lancashire?

If you’re looking to rent in East Lancashire you can find much lower and cost effective housing options in the Darwen and Blackburn areas than many other areas in Britain.

For example:

Darwen – Studio to rent £325 pcm compared to the average £650+ studio flat in London.

Blackburn – 2 bed semi-detached house to rent £440 pcm compared to the average £1,200+ 2 bed terraced house for rental in London.

Darwen – 3 bed terraced house to rent £445 pcm compared to the average £1,000+ 3 bed terraced house for rental in Hampshire, South East.

With many up and coming businesses and other regeneration schemes going on in Darwen and Blackburn, the areas also have beautiful views, a great community spirit as well as easy to access transport links to the vibrant and historic areas of Preston, Blackpool, Southport, Liverpool, Manchester and Chester to take advantage of.

So if you’re thinking of moving to our beautiful region why not get in touch with us and we can give you much more info and reasons to live here, whether you’re looking to buy or rent. Call us today on 01254 760660 or email: Darwen@AinsworthLordEstates.com

 

General Election 2015: Spotlight on the Lancashire Community

General Election 2015: Spotlight on the Lancashire Community

A general election used to be quite an easy affair for Lancashire residents, only having to choose between The Labour Party and the Conservatives. But widespread dissatisfaction of the current government coupled with a recent seven-way leader TV debate has given voters across the country more choice than ever before.

Regarding key housing issues, the UK’s 3 main political parties pledge the following if they were to get into power on May 7:

The Conservative Party
By 2020 the Conservatives want to make 200,000 starter homes in England available to first-time buyers, deliver 10,000 new below-market rented homes, relax the financial obligations expected of developers to enable more affordable housing options and extend the equity loan section until 2020 for the Help to Buy scheme.

The Labour Party
By 2025 they want to have doubled the amount of first-time buyers, build 200,000 houses per year, set new targets in order to upgrade the energy efficiency of privately rented properties, initiate a form of ‘Mansion Tax’ and completely reform the PRS “to get a fairer deal for private renters.”

The Liberal Democrat Party
Planning to build 300,000 new homes per year, the Lib Dems also want to introduce a ‘Mansion Tax’, create incentives for social landlords, scrap the ‘Bedroom Tax’, as well as building 30,000 ‘Rent-To-Own’ homes by 2020.

So in the run-up to the 2015 General Election on May 7, what’s going on in Lancashire and what issues do our community care about most?

Firstly, onetime Blackpool MP Harold Elletson has created a new political party to specifically represent the North of England community; The Northern Party. Launched on the 1 of April (although far from an April Fools joke!) they plan to contest at least 5 major seats in the Lancashire general election, as well as 4 key marginal seats.

Their leader Micheal Dawson claims that the party is a “northern rebellion against a system that has failed the North.” And despite its Lancastrian bias, Dawson insists the Northern Party has a pan-northern English focus and will represent Yorkshire, Cumbria, County Durham and Northumberland too.

“The real choice in this election is between the Tory and the Labour parties. I am as northern as they come, born in Liverpool and representing Rossendale and Darwen.” claims Conservative candidate Jake Berry.

And Labour candidate Will Straw said: “It is great people in Rossendale and Darwen will have a choice at the election but the true party for the north of England is the Labour Party which has got a clear plan to put an end to the unfair and disproportionate cuts.”

Lancashire County Council currently have 39 Labour councillors, 35 Tory councillors, 6 Liberal Democrats, 3 independents and 1 Green Party councillor. And with Labour looking to win back the seven seats they lost in 2010 this could prove a real challenge for them, especially in the constituencies of Rossendale & Darwen and Pendle and South Ribble.

Main issues the Lancashire community seem most passionate about:

  • Improving the North’s economy.
  • Farmers, young farmers and local traders.
  • Fracking (the process of drilling into the earth and using water to extract oil and natural gas from inside shale rock) – The county appears to be divided on the current “Fracking” issue; where some welcome the prospects of extra jobs and money, whilst other fear possible damaging effects on the North Wests health and environment.
  • HS2 – More than a quarter of small and medium-sized businesses across the North West believe the high-speed rail project will have a positive effect on the region and their business. Those opposed to the HS2 rail link are The Green Party and UKIP.

As many of you are still weighing up all the options available to you, please let us know what the most important issues you face are. And if you haven’t registered to vote yet, there’s still time as the deadline is 20 April 2015. Click here to register to vote in the May election.

Find out how you can benefit from the General Election; if you’re looking to sell property, buy property or rent out property in East Lancashire and the surrounding areas – by contacting us today, on 01254 760660 or email: Darwen@AinsworthLordEstates.com.

Tenants of private landlords should get new rights, says think-tank

Tenants of private landlords should get new rights, says think-tank

Have you ever thought that tenants need more rights within the private rented sector? Well at the beginning of 2015, respected think-tank Civitas aired their views on tenants in the PRS being given new rights to stay in their homes for as long as they wish.

To prevent North West landlords exploiting the shortage of homes to choose from, Civitas believe that tenants who rent should be provided with a guarantee that their rent will not increase above inflation. They also want tenants to be gifted new rights that would give them the same level of security as an owner-occupier; protecting them against retaliatory eviction and, in essence, allowing them to ‘rent for life’.

Did you know that 40% of the UK’s housing stock is currently privately rented?

And with predictions pointing toward the PRS accounting for one third of the UK’s housing stock by 2032, this would have significant repercussions and implications for UK buy to let investors and the future of the private rented sector, let alone the tenants themselves.

The report also claims that an increasing lack of affordability in the sector is being reflected in an expanding housing benefit bill for taxpayers, and that the amount of housing benefit rent subsidies claimed in the PRS has more than doubled (in real terms) over the last 10 years.

However it fails to mention the effect on PRS landlords when tenants fail to pass on their housing benefit portion of their rent, which leaves the landlord out of pocket and struggling to pay their mortgage. Furthermore, many still believe the ill-conceived perception (fuelled mainly by the mainstream media) that all landlords are ‘mega rich.’ We can honestly say that this is simply not the case anymore, as our average landlord client actually owns 1-2 properties and has 1 or more other jobs alongside their buy-to-let nest-egg.

At Ainsworth Lord Estates we completely agree that as private renting grows it is very important to ensure a fair deal to those who have little choice but to rely on it. However, building growth should not be hindered and new buy-to-let investors should not be deterred from the market by ill thought out proposals either. Especially in the North West, where the amount of regeneration schemes are increasing as part of the former housing market renewal programme.

  • What do you think would happen if private tenants were given these new ‘rights’?
  • Would this help good tenants or enable the fraudulent ones?

Whatever your views are on the issue please share them with us.

Want to let out your property in the North West, be it in East Lancashire or Liverpool, without the hassle of tiresome legislation and management issues that come with self-management? Then please get in contact with us today, as landlords ourselves we fully understand the importance of finding the right tenant, keeping on top of maintenance and of course rent arrears.

We look forward to hearing from you and becoming a successful and integral part of your buy-to-let experience!

Stamp Duty to boost the property industry

Stamp Duty to boost the property industry

The prayers of many buyers in the Darwen and Blackburn area were answered back in December 2014, in the form of the centrepiece of the Chancellors Autumn Statement; the abolishment of the Stamp Duty “slab rate”.

What is Stamp Duty?

If you who wish to buy property in the UK you must pay Stamp Duty Land Tax (SDLT) when purchasing a house, a flat or other land and buildings over a certain price.
Before the historic change, SDLT was charged at a single flat-rate for the entire price of a property and was described as one of the UK’s “most damaging” taxes ever. However in England and Wales, as of 4th December 2014 SDLT is now charged at increasing rates for each portion of the price.

What does this mean for buyers?

The slab system has been replaced by a band system, similar to how income tax works. So if you’re planning on buying property in Lancashire, you’ll now pay:

* nothing on the first £125,000 of the property price
* 2% on the next £125,000
* 5% on the next £675,000
* 10% on the next £575,000
* 12% on the rest (above £1.5 million)

So, for example: If you purchase a property for £175,000, you’ll pay £1,875 of SDLT. So if you have a property worth up to £937,500 you’ll certainly benefit from these changes.

Stamp Duty Land Tax calculators

So without the huge increases in tax once a property value enters a new “slab”, this is a much fairer system for all; where the savings are approximately £4,500 on the cost of an average home. It also supports around 98% of home-buyers, therefore encouraging more buyers to the market.

In Darwen, Blackburn and the surrounding areas at Ainsworth Lord Estates we are already experiencing a marked increase in potential buyers entering the market; which we believe (in part) is thanks to these stamp duty reforms.

What does this mean for sellers?

This move has been warmly welcomed by people looking to sell their home, as it’s inevitably increasing their chance of sale; what with the influx of optimistic buyers returning to the market.

At Ainsworth Lord Estates we believe that this is a progressive and positive step for the property industry and hope that it will also enable more regeneration opportunities right across Lancashire, as well as the rest of the UK.
2015 and 2016 are definitely the perfect time to be buying or selling, so if you’d like any further advice on SDLT reform and what it means for you then please don’t hesitate to get in touch; 01254 760660 or email: Darwen@AinsworthLordEstates.com.

Our Ultimate Guide to Viewings

Our Ultimate Guide to Viewings

So you’ve chosen an estate agent and prepared your property for sale, through various home staging techniques, and now it’s time for your first viewing.

How can I make the most of my property viewings?

Viewing a property is probably one of the most exciting elements of the house hunting process, so you want your prospective buyers to feel welcome and at ease from the start.

We all know that first impressions count and ideally you want your home to appeal to everyone who enters; as it stands to reason that the more prospective buyers who like your home, the higher the selling price will become.

So firstly, find out whether your agent offers the following:

  • Are they open 7 days a week?
  • Are they open in the evenings?
  • Are they advertising your property online, across many different portals?
  • Will they provide feedback on each viewing?
  • Do they offer the option of ‘mass viewings’ / open house viewings?
  • Is your agent informed on what the properties best features are and if there is any interesting history on your home?
  • Is your agent clued up on the good points of the area? E.g. the nearest schools, what the neighbours are like, local amenities, etc….

As the most pro-active Property Agent in the Darwen and Blackburn area, Ainsworth Lord Estates are open 7 days a week, until 8pm on weekdays. This means that our ‘viewings window’ is much larger and far-reaching than any of our competitors; enabling a quicker sale, at a better price.

Ainsworth Lord Viewing Tips, for a successful sale in the East Lancashire area:

  • If your property has parking included, leave this space free for the buyer as it will add to the whole viewing experience.
  • If you happen to be there whilst your agent conducts the viewing, by all means greet the buyer politely but then leave the rest up to your agent; they are the experts after all.
    If they are interested in buying your home, you can get to know them a bit more at the second viewing.
  • If you have pets, keep them out of sight; ideally away from the property altogether.
  • Make the property appear larger and lighter by leaving all internal doors open, as well as making sure that all lights are kept on during evening viewings.
  • You don’t want to appear pushy or desperate, so never ask the buyers if they’re going to make an offer on your property; again, leave this to your agent.
  • If you happen to overhear negative comments from the buyer about your home please don’t take it personally. Afterwards, take on board what was wrong so that you can put things right for the next viewing where possible.
  • Be prepared for interested parties to request a second/third/fourth viewing on your home.

You deserve an estate agent who not only understands the importance of viewings but who will also guarantee the best asking price for your much loved home.

For more tips and advice on viewings or anything else regarding the sale of your home, please get in contact with us today on 01254 760660 or email: Darwen@AinsworthLordEstates.com

House prices – up and down – we’re here to help

We have the answer

Here at ALE we have the answer to the stream of never ending mixed views it seems right now about what is going to happen to house prices in the key Spring selling season just ahead.

Ignore all the ifs and buts

We say that home-owners should ignore all the ifs, buts and maybes about house prices.

Explains ALE founder, Paul Ainsworth Lord,“With the right guidance and advice as to the potential market selling value of your home, any home-owner in the local area, keen to get on the move right now can in any event do so with confidence.”

Mixed views

On the one hand, national statistics suggest a minimal fall in average house prices in our local region then there is a survey by the Halifax suggesting more of us expect an increase in house prices during 2012 and economistswill tell you that house prices look set to stabilise during the next 12 months. – So what are the facts?

Get good local advice

ALE says to just relax and get some good local advice about your local marketplace to assist you to make your decision to move and to clarify the realistic value of your home.

What’s in a price

Adds Paul, “Home-owners should not really focus so much on the actual price of their home The average house price in the Region is £122,218 – but what does that mean and how relevant is it?

Here to help

ALE is of course ready, willing and able to help you balance all these conflicting house pricing views and will ensure you can get your home sold quickly and at a fair and right price.

The Lancashire Property Market: what you need to know.

The Lancashire Property Market: what you need to know.

Are you looking to sell your Lancashire home and move up on the property ladder?

Or have you been diligently saving up towards a deposit for your first home, for many years?

Whatever situation you are in, you need to fully understand the area before making any costly decisions and it truly pays to research your desired area first.

As seasoned property specialists in Darwen and Blackburn, we have come up with the following key considerations for those of you who are planning on buying or selling property in the Lancashire area:

  • Terraced properties are the most popular choice of home in Lancashire, selling for an *average price of £98,595.
    (*Rightmove Statistics)
  • Semi-detached properties sold for an *average of £145,345.
  • Detached properties sold for an *average of £251,364.
  • Regeneration schemes are popping up all over the North West, with major refurbishments being undertaken as part of the former housing market renewal programme. These radical ideas to improve housing and neighbourhoods will inevitably encouraging new buyers and sellers to the Lancashire property market, as it’s a fantastic place to live and work.
  • At Ainsworth Lord Estates we are proud to be the first to claim that the area of Hyndburn is set to become one of the biggest property investment hotspots in the whole of the UK, with around £10m set to be invested over the next 6 years. We have drawn this conclusion purely because of its forecast housing needs and the shortfall it has.
  • Many overseas investors are now attracted to our beautiful and historic Lancashire, particularly East Lancashire, who’ve turned their backs on the crazy property market of London and can see the masses of potential within the North West region.
  • The average price paid by North West Second Steppers* was £188,079 with a deposit of 30%, which is 3% less than the national average and may be why Lancashire is becoming such a property hotspot.
    (*’Second Steppers’ are people who have outgrown their first home and want to move up onto the second rung of their property ladder.)
  • In his last budget before the ever-nearing General Election, Chancellor George Osborne has announced a new help-to-buy ISA, which will see the government add £50 to every £200 that first-time buyers save towards a deposit. We hope that this will further aid young families onto the housing ladder and kick-start the property market across Lancashire.
  • Although a controversial issue, as Britain’s population is forecast to increase by 10 million over the next 25 years; the planned High Speed 2 Train (HS2) will link 8 of Britain’s 10 largest cities. Generating jobs and helping to rebalance the economy between north and south, although a long way off, this still should be considered.

Still not sure whether you should invest in Lancashire? Why not get in touch with one of our friendly team today on 01254 760660 or email: Darwen@AinsworthLordEstates.com – who will be more than happy to help you with your property adventure!

 

How can Home-Staging speed up your sale?

How can Home-Staging speed up your sale?

First of all; what is home staging? …

Home staging is the art of presenting your property in such a way that it will entice potential buyers in and help them to create a clear vision of themselves living there. You want to style your home so that it stands out from the crowd, in a subtle yet striking way.

  • Are you trying to sell at a difficult time of year?
  • Has your property listing become stale, having been on the market for some time?
  • Have you pulled out all the stops to sell your home? Be honest!

It is a great method to kick-start your sale at times of year when it can be harder to sell; Winter and Summer for example, or for those properties that have been on the market for some time.

Did you know that recent evidence shows that only around 50% of properties that come onto the UK market actually sell? …

It doesn’t have to be complicated or expensive, you just need to remember that you are aiming to highlight your properties key strengths and detract from any weaknesses it may have.

* Top 5 turn-offs for buyers:

  1. Dark rooms/poor natural light
  2. Damp/stained walls
  3. No garden
  4. Bad smells
  5. No parking

* Go Compare and Rightmove data

So where should I start? …

Deep-clean & De-clutter
If you were looking for a new home, would you be enthusiastic about entering a dirty and cluttered abode?
Firstly your home needs to be the cleanest and least cluttered its ever been!
It may be as simple as buying some storage boxes and making a clean sweep of the property. Or if you have a considerable amount of belongings you may need to consider storing them off-site; depending on cost. Once you have cleared everything away and have a blank canvas in front of you, the task will become a lot easier.

Light
Dark rooms and/or poor natural light is one of the main turn-offs for buyers, so make sure all of the curtains/blinds are open and that you use the right shades in your home. Using lamps to light up dim areas will also create a cosy and inviting space.

Decoration
As well as a fresh coat of paint or wallpaper, dressing each room for its purpose will give a welcoming and personal feel to each room. For example: set the dining table, add hints of colour to your kitchen with brightly coloured fruit, add feature cushions to your living space, conceal personal items from the bathroom, etc…

Atmosphere
Creating ambience is free and fun – so why not try putting on some relaxing music to create a comfortable living space during viewings?
Smells are important too, so a few strategically placed scented candles or a subtle bowl of potpourri will make an added difference.

Kerb Appeal
Does the outside of your property match up to the quality inside?
Consider giving the front door a fresh coat of paint and adding some hanging baskets or potted plants. And if you have children it’s also a good idea to tidy away any loose toys that may be around the place. You want your property to appeal to everyone, so use your garden to its full potential.

Structural Changes
If you do have a bit of spare cash it’s also worth considering making certain changes to your property to make it more attractive, e.g. knock through to make an open plan living space, revamp your tired bathroom with a new suite complete with shower, re-landscape the garden to make it more appealing, etc…

Successful home staging will also generate attractive photographs of your property, which are extremely important when advertising online via portals such as Rightmove and Zoopla.

An example of Good Home-Staging practice:

2 bedroom terraced in Alfred Street, Darwen

1Untitled 2Untitled

Click on any of the images above to view this property in full.

This property is well presented, balancing tasteful, neutral decoration with modern and stylish fittings & furnishings throughout. It showcases it’s key features very nicely, as well as keeping it’s character without being too overpowering.

An example of Bad Home-Staging practice:

3 bed terraced house in Blackburn

Screen Shot 2015-03-16 at 12.19.20 Screen Shot 2015-03-16 at 12.19.31 Screen Shot 2015-03-16 at 12.19.41 Screen Shot 2015-03-16 at 12.19.50

Click on any of the images above to view this property in full.

Although this property shows off its amount of light successfully, it has too much of the owners personality imprinted on it, and it’s poorly co-ordinated and slightly eye-watering decoration detracts from its true potential.  By smartening up the outside, changing the rugs, furnishings and adding softer colours by a simple fresh lick of paint would definitely attract more buyers to this property; enabling a quicker sale.

At Ainsworth Lord Estates we do things differently to get you the best results possible. So if you’re looking to speed up the selling process of your property in the Darwen and Blackburn area please get in touch with one of our friendly team today – on 01254 760660 or email: Darwen@AinsworthLordEstates.com.

3 Reasons Why You Should Sell Your Property This Month

3 Reasons Why You Should Sell Your Property This Month

Whilst January and February can traditionally be a quiet period for the housing market, with Spring only around the corner and a General Election less than 4 months away, are you aware that you could be missing out on some great selling opportunities this month?

What makes this year differ from any other?

With a General Election looming, 2015 is set to be an eventful year for everyone and as a home owner interested in selling; you need to be aware of other interesting factors that could help you decide whether selling is the right option for you and your family this year.

Here are five reasons why you should be putting your home on the market this month:

  1. Stamp Duty 

Buyers must pay Stamp Duty Land Tax (SDLT) when purchasing property in the UK over a certain price. However, as of 4th December 2014 SDLT is charged at increasing rates for each portion of the price, instead of being charged at a single rate for the entire price of a property as it was before. This is encouraging many more potential buyers to the market; as for residential properties, buyers will now pay:

* nothing on the first £125,000 of the property price

* 2% on the next £125,000

* 5% on the next £675,000

* 10% on the next £575,000

* 12% on the rest (above £1.5 million)

So, for example: If a buyer purchases a property for £275,000, they’ll pay £3,750 of SDLT. So if you have a property worth up to £937,500 you’ll certainly benefit from the change.

This is made up of:

* nothing on the first £125,000

* £2,500 on the next £125,000

* £1,250 on the remaining £25,000

Whether this is a political move or not, you should take full advantage of it before it’s too late! As anything is subject to change after 7th May 2015, when the General Election takes place.

 

  1. Mortgage Availability 

Due to falling interest rates the average fixed rate mortgage is now priced at 3.14%, which is down 0.05% from the rate of 3.19% recorded in January; one of lowest mortgage rates on offer ever recorded! Whereas the average variable rate mortgage has an average rate of just 2.11%, down from 2.16% last month. So with average fees decreasing too, this is inevitably encouraging even more new buyers towards your property. Definitely a win-win for you and your potential buyer!

 

  1. Time of the year 

This year January has been quiet but February has been incredible.   At all price points we are seeing growth, our investors are like hungry hippos, we just can’t satisfy their appetite.  We are currently in a position that we’re selling more properties than those being listed.  Last week alone we we sold 9 and only listed 7, two of these sales were within 24 hours.

Therefore with the changes in stamp duty, the current mortgage availability, as well as the time of year, this really is the best time to sell your home.  You deserve to sell your home with an agent who understands how to get the best for your property within today’s market.  Call one of our friendly team today – on 01254 760660 or email: Darwen@AinsworthLordEstates.com.