© 2012 Globespan Media Ltd, 3rd Floor, 8 Baltic Street East, London EC1Y 0UP
Privacy and Cookies
Before the recession, there were a host of developers in Manchester building swanky apartments beside the waterside and around the city centre. Five years later and the developers are busy again. But, with a few exceptions, the slick apartments have been replaced with affordable family homes. The new developments of homes stretch across the city centre, a few in regeneration areas, and out into Greater Manchester. There are some great deals available from a range of developers.
Latest figures from the Bank of Scotland's Housing Market Confidence tracker show that 29% of people living in Scotland predict a rise in house prices within the next 12 months. At the same time, 25% of those surveyed expected costs to fall. The tracker aims to gauge people's opinions and track how confident the public is in the Scottish housing market. One interesting point that the survey revealed was that three-fifths (59%) of those asked say that coming up with a deposit is one of the main barriers to buying a property.
Housebuilder Lovell is offering a cut-price way for first-time buyers to get onto the property ladder at its Fountain Court development of new homes in Liverpool, which it calls the "ultimate first-time buyer package".
There are a range of useful schemes for first-time buyers and shared equity is one of the key options available for householders earning less than £60,000 a year. With Taylor Wimpey’s Easystart shared equity scheme, buyers are able to get on the ladder with a five percent deposit and only have to pay 85% of their new home despite owning 100%.
Today, 23rd October 2012, Lloyds TSB is launching a brand new range of mortgages aimed at those buying a property on a shared equity or shared ownership basis. The lender says it is "reaffirming its support of affordable housing schemes" with the launch of the new products, which are all on a two-year fixed-rate basis.
While the term regeneration area often puts house hunters off, there is no doubt money goes a lot further within these zones. Liverpool has been a little slower than it’s north western counterpart Manchester when it comes to regeneration, however the city council are making up for lost time by pumping funds into a range of former run-down areas. One of the selected, is the inner city area of Kensington.
This Saturday 6th October sees the launch of Choice, a new development that has been described as "an innovative solution for those looking for a new home to own or rent at an affordable price". The venture is a joint project between Scottish housebuilder Cruden Homes and Places for People, one of the country‘s largest property management, development and regeneration companies.
With mortgage lenders continuing to make it hard for homebuyers to take out a home loan to purchase property, a growing number of first time buyers are turning to the 'bank of mum and dad' to help finance a property purchase. But with a wide range of initiatives now available to help people gain a foot on the housing ladder, there are plenty of alternative options.
Fresh research by the Centre for Economics and Business Research (Cebr), on behalf of HSBC, reveals that the ‘bank of mum and dad' helped to finance over 100,000 first time buyer borrowers between 2008 and 2011.
Having only recently unveiled a new phase of homes at the development, Lovell is now inviting would-be homebuyers to come to The Glades this weekend, 6th and 7th October, where the housebuilder is hosting a mortgage advice event.