Love Your Postcode Blog

Categories

StickyPosted by

What Does The Government’s 95% Mortgage Scheme Mean For Buyers?

What Does The Government 95% Mortgage Scheme Means For Buyers?

During the Spring 2021 Budget on 3rd March 2021, Chancellor Rishi Sunak announced the new 95% mortgage scheme will be introduced to allow more first-time buyers to get on the property ladder with a deposit as little as 5%.

In his speech, Sunak said: “It is a policy that gives people who can’t afford a big deposit the chance to buy their own home.” This will make a substantial difference particularly to those living in more expensive areas, such as London. For those in the capital, it is notoriously difficult to get on the property ladder as price houses are so high.”

The aim is to support home ownership and make mortgages more accessible for buyers struggling to meet strict criteria from lenders, especially those who are first time buyers. Prime Minister, Boris Johnson, declared he wants to ‘turn Generation Rent into Generation Buy’.

The new scheme will enable mortgage lenders to offer loans of up to 95% to properties up to the value of £600,000, excluding second homes and buy-to-lets. Big lenders such as Natwest, Santander, HSBC and Barclays have agreed to provide the mortgages. The mortgages are available from April 2021, until December 31st 2022. 

The new mortgage announcement coincides with the extension of the stamp duty extension until 30th June 2021. Buyers across the UK will be grateful for this extra help to get onto the property ladder, and we’re sure it will continue to strengthen the UK property market. 

If you’re looking to make the move and want to make the most of the 95% mortgage scheme, view our selection of properties under £600k or contact us on 0800 862 0870 to speak to one of our expert agents

 

, , , ,
StickyPosted by

The Benefits of Estate Agents in 2021

The Benefits of Estate Agents in 2021

Are Estate Agents necessary when completing a property purchase or a sale? Here are the benefits of having using an estate agents in 2021.

More and more services are being conducted online these days, strengthened by COVID-19 and the rise of digital property agencies. Agencies are using various methods to appeal to a new generate of buyers and sellers who are used to living a life online.

At Love Your Postcode, we recognised this straight away and started offering more virtual services such as virtual valuations.  This allowed us to bridge the gap with those looking online and retaining them for once we were allowed to open our offices again.

EXPERTISE AND LOCAL KNOWLEDGE

One of the biggest benefits of estate agents is that they are experts on the local area where you wish to buy or sell.

Having a real human experience to help you during what is known to be quite a complicated and stressful situation is invaluable.

At Love Your Postcode, we have hundreds of five star reviews with many commenting on our high levels of customer service. We are able to achieve this by having regular communication with our clients and making sure their needs are met by our agents.

RESOURCES

Established estate agents have plenty of useful resources! We are able to spread the word about your property via marketing, from local brochures and window displays to big billboard campaigns across the UK to digital advertising and e-marketing, to find good buyers as soon as possible.

Each office will also have a substantial database of active clients with the details of their property needs. Rather than spending months on searching for a buyer, the right person could already be on their system or a phone call away.

NEGOTATIONS

Estate agents are the bridge that holds an entire property chain together, ensuring everything runs smoothly from the first valuation to the final exchange. Moving house is said to be one of the most stressful life experiences, so a trustworthy and reliable estate agent can take a lot of pressure off.

If you’re looking to buy, sell, rent or let a property, enlisting the help of an experienced, qualified and well established estate agency is key to success. Call us on 0800 862 0870 to talk to a member of our team, who will be delighted to help.

 

 

, ,
Posted by

Restaurant Guide: Valentine’s Day Meals To Enjoy At Home

Restaurant Guide: Valentine's Day Meals To Enjoy At Home

Valentine’s Day is around the corner! Unfortunately we are still in a lockdown, but that doesn’t mean you can’t enjoy the occasion with your loved one.

Make this Valentine’s special and order a top quality meal from your favourite restaurant and enjoy from the comfort of your own home. Love Your Postcode has put together a roundup of some of the restaurants offering Valentine’s specials over the weekend.

Continue reading

, , ,