Thursday, 16 February 2012

New buy mortgage guarantee scheme.

A new government run scheme will guarantee 95% loans up to £500,000. For those struggling to get on the housing market this is fantastic news and a long time coming.

The scheme is due to start in March and the only criterion imposed is that the borrowers must be UK residents and they are buying the property as their main home.

The scheme will allow lenders to offer large mortgages on new build homes without taking on all the risk, they will be guaranteed not to lose money if the property falls into negative equity and the house is repossessed, the mortgage indemnity will be funded by developers and taxpayers.

This scheme is a fantastic opportunity to get first time buyers back on the market and hopefully help around 100,000 buyers who have recently been at a standstill due to lack of finances.

Although the first time buyer market has become very competitive in recent months, rates on low deposit mortgages are still high and there are no so many options available since the credit crunch. Would be movers have also been hit hard with many being left with no equity in the property to move onto the next property.

To find out more information about the scheme contact Cavendish Ikin Estate Agents Cheshire.

Wednesday, 15 February 2012

Estate agents Cheshire David Wilson Homes Development at St Oswald's Court, Malpas


Cavendish Ikin Estate Agents Cheshire were recently favoured to market David Wilson Homes Development at St Oswald’s Court, Malpas in late summer of last year. Cavendish are pleased to announce that 60% of the site is now sold or under offer.

The development consists of a range of three, four and five bedroomed houses. The three bedroomed houses are aimed at first time buyers with prices in the region of £140,000, the five bedroomed houses range from £499,995 to £529,995.

The development benefits from open countryside opposite which provides the majority of five bedroomed houses a superb rural outlook.

The houses are built to an exact specification and the development is within walking distance of the fantastic village amenities of Malpas and also the well-known primary and secondary schools.

Friday, 10 February 2012

Houses for Sale Llandudno Junction

Beech Developments have commenced ground  on their new building development site in Llandudno Junctions, North Wales.

The new development Gwel y Castell will have numerous high quality houses for sale in llandudno junction.  The environment will be exceptional with a high quality landscaped entrance leading to a tree lined avenue estate road. 

The new development site has been granted planning permission for 125 houses. The first phase is a mixture of 58 detached three and four bedroom homes, two bedroom semi detached bungalows and two/three bedroom townhouses. 

Gwel y Castell enjoys 180 degree sun exposure.

Thursday, 9 February 2012

Civil Engineering North Wales

Civil Engineering North Wales deals with the design, construction and maintenance of the physical and built environment. Civil engineering is broken into several sub-disciplines, including environmental engineering, geotechnical engineering, structural engineering, transportation engineering, municipal/urban engineering, water resources engineering, materials engineering, coastal engineering, surveying an construction engineering.

Civil engineering has a place on many different levels; including both the public and private sector – from individual homes to large international companies and national governments. Due to these so many areas, there is no one specific career path for civil engineers.

Civil engineers work with surveyors and specialised civil engineers, working on fixed projects within their site, community and terrain. General civil engineering can also be referred to as site engineering; which is the process of changing the use of a piece of land from one thing another.

Engineering has always been an aspect of human life; early practices of civil engineering can be dated back to Ancient Egypt and Mesopotamia. Civil engineering is considered extremely important to the development of human civilization.

Friday, 3 February 2012

Six buy to let lenders now offering 80% deals

Things are starting to look rosy on the buy to let mortgage front. Six lenders according to the data from mortgage Flow that are offering 80% LTV or above are: Kent Reliance Banking Services, Saffron Building Society, Leeds Building Society, Aldermore Mortgages and Clydesdale Bank.

Previously from 2008 to 2010 the highest possible LTV for buy to let mortgages was 75% so this is great news for those hoping to get on the buy to let ladder.

David Whittaker, manager director at Mortgages for Business recently said that this new results from the six lenders offer 80% buy to let products shows increasing confidence among lenders in the sector including Cavendish Ikin Cheshire Estate Agents.

He also said “Between them, there is a good range of products on offer from two-year discounted trackers to five-year fixed rates. Some even come with flat arrangement fees which really start to make sense for investors looking to borrow larger sums.”

Over the last year there has been an increase of 26% but to let mortgage deals available and double what there was 2 years ago according to Moneyfacts.

The current average interest rate is 4.79% down from 5% this time last year and 5.31% February 2012.

These latest figures should make pleasing and encouraging news for landlords and property investors.