The Property Sales People

It's late July 2009 and we had a call this week from the Cambridge Building Society, which is a small lender in comparison with Lloyds-TSB/HBOS/RBS, to say they are now considering applications for 90% loan to value mortgages. Positive news we feel - hope the interest rates aren't killers! There is a feeling that the market is improving and there is no way I'd want to pour cold water on that sentiment but let's be careful. We have properties for sale that appear to be correctly priced - cheap even - that don't attract buyers and others that we are swamped with enquiries and viewings on! Very difficult market to assess and make intelligent comment on. There are 3 things over and above the usual statement of 'location, location, location'. These are are price, presentation/condition and location. Eighteen months ago you could have probably 2 out of 3 that weren't up to scratch and still get a sale. Now you need to 2 out of 3 that ARE right to achieve a sal...

It's now July and we have enjoyed just over 6 months of improved market activity – compared with 2008. In fact we can prove better figures for the last 5 months than the corresponding months of 2008 which is even more significant as we've achieved it with fewer resources. Mortgage lending still appears to be a problem and I'm sure I won't be alone in the opinion that the banks/building societies are slamming stable doors a long while after the horse galloped into the sunset. Asking first time buyers to find 20% or more in order to obtain a sensible interest rate is nearly as excessive as dishing out 125% loans! We've heard of buyers being refused a mortgage by lenders who have uncovered credit blemishes relating to £60 mobile phones, so it pays to be very careful if you're . The Halifax and Nationwide are talking about price rises. Whilst I'm always in favour of people being positive I think this may be a little distorted. What I believe we are seeing is pri...

Let's be generous and say that my former tenants of 22 Market Place are another victim of the global recession – like Woolworths. Needless to say these premises are now available for rent on the assignment of the lease which currently runs until 2016 at an annual rent of £15,500. Timing of occupation is down to the speed of solicitors and your keenness to get your business up and running in this prime, central location. The property has a main ground floor area of approx. 40m² ( 430ft²) and a first floor kitchenette, WC and office of approx. 18m² (194ft²) . To arrange to view call me on Ely (01353) 665020.

HOUSING • Scheme to guarantee mortgage-backed securities to boost lending • Stamp duty holiday for homes up to £175,000 to be extended to end of year • Extra £80m for shared equity mortgage scheme • £500m to kick-start stalled housing projects - including £100m for local authorities to build energy efficient homes • £50m to upgrade housing for the armed forces The Chancellor, Alistair Darling, has delivered his Budget for 2009. The measures are part of the government's efforts to drag the economy out of the deepest recession since World War II. But how will the Budget affect you? Any help for home buyers? Yes. The current stamp duty holiday is being extended to the end of 2009. That means anyone who buys a home for less than £175,000 will, until then, continue to pay no stamp duty on their transaction. I am worried about my home being repossessed The scheme that lets you claim state benefits to help you pay interest on your mortgage - Income Support for Mort...

Front , originally uploaded by clarky1446 . 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!

Little London_streetscene view , originally uploaded by clarky1446 . This development in Lynn Road, Ely (central area 0.6 mile) is rapidly starting to take on a very stylish and inviting appearance. We have a show home available for viewing at weekends and also by appointment at any other time. Eight of the 17 homes are now sold or under offer and we can show you almost completed properties too. Prices start from £237,950 to £289,950 with incentives and discounts also available. Visit http://www.lynnroad.com for further information on availability and call us on Ely (01353) 665020 to arrange your viewing.

With February now under way I'd like your opinion on a few things, please. It won't take very long and when I have enough responses I'll be making the results known right here! Click Here to take survey Many thanks!