My clients bought this house through me a few years ago and have set about bringing parts up to date and restoring others. There are two reception rooms with stripped floorboards and one with a completely original fireplace. Beneath these rooms are two linked, dry cellars. The kitchen and utility have been brought up to date and on the first floor are 4 bedrooms, two with en suite showers, and a family bathroom with stylish claw-foot bath.
In the rear garden is a superb, mature Walnut tree and access to a double garage. There are other photos of the interior and the garden on the main part of our website and at an asking guide price of £330,000 I recommend you take a look!
So the house builders and the lenders have had a meeting to discuss how they can create 95% mortgages. Basically a good thing, as you would imagine most estate agents would say. But what proportion of the housing Market is represented by new homes sales to first time buyers? Also any first time buyer who purchases a new home is then a cost to the second hand Market of who knows how many sales! If I think back 30 years my wife and I as first time buyers were providing a deposit of 10%. To do this we sold her car, saved up by not going out as much and generally committed ourselves to the task of buying our first home together. Ah, you might say, but house prices were so much cheaper then. True but my salary was just under £2,000 per annum with the prospect of perhaps another £1,000 in commission from selling at lease 6 houses per month personally. The first 4 didn't count towards commission but were to cover my costs to my employer! I personally don't think 95% mortgages are ...
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