Month: November 2017

Total number of sales by quarter

The quarterly sales chart for the local area provides a detailed overview on how the market has performed in the last couple of years. Here we show the total number of property transactions every quarter. This is a useful way to look at how market liquidity has changed since the previous year, whilst accounting for seasonality.

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Three big reasons to be positive about the The Heatons market

If you venture online, pick up a paper, or watch the news, any mention of the property market in the UK comes with a measure of doom and gloom these days. However, interest rates are still very low and are not likely to rocket up, so it’s not a remotely dangerous time to buy or sell a home. Here are our three reasons homeowners should be optimistic about the prospects for the property market in SK4.

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Should I keep money aside for expenses?

Renting a property is as simple as purchasing the property and letting it out, you need to ensure the property in maintained and that you money set aside to cover these expenses. Although lenders will typically require the rental income of your investment property to be at least 125% of your mortgage payment amount, this doesn’t always mean that the property will generate positive cash flow or give sufficient net profit to cover all the expenses of maintaining the rented property over the typical 15 to 20-year ownership.

As well as regular and one-off maintenance expenses, allowances need to be made for times when there may be no rental income. Tenants may stop paying their rent and the property is sometimes empty between tenancies, and you still need to be able to cover the mortgage and other costs during this time.

It is therefore vital that you budget properly to ensure that the investment is worthwhile and not going to cost you money month-on-month, before you commit to buying a property to let.

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missed out on the last didsbury road refurb? dont worry…here is another one

Last week I blogged about a cracking renovation project on Didsbury Road, on the market with Bridgfords. As expected, the property sold in record time! With many of my clients not even getting through the front door before the SOLD sign went up.

But do not fear, for another renovation project on the same road is now on the market!

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Steps Involved in Buying Your First Home

On the face of it, buying a home is considered to be a complicated and worrying process, but it does not need to be.

We can guide you through the process and can offer expert mortgage advice specific to your circumstances.

Buying a home takes a number of weeks, as there are a number of different factors that need to be taken into account.

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