Market News
Spring is typically a great time for the property market as over the years we are more likely to view a property in nice weather than we are when it is dark and raining outside. However, this winter has bucked that trend.
A report only published a few days ago showed that the annual house price growth has been above 4% since November last year and that shows no sign of slowing down.
We are still seeing consistent high returns in The Midlands, North East, and North West with Manchester and Liverpool still topping the table with 6.5% and 6.3% growth respectively.
Our View
It is clear that if you are buying a property at market value you are going to be better off heading to the North West and in particular Manchester and Liverpool, however, this does not mean that these are the only cities to invest in. If you have a bargain in other areas where you have the chance of a 5-10% BMV discount the of course this has to be taken into consideration.
If you wish to see a more detailed view of this we have put together a 5 minute video which you can access with the link below.
Video link
Manchester Property | Liverpool Property
95% Mortgages
We have seen a dramatic change in lending as of late especially with the government announcement of 95% mortgages. Importantly, lenders have embraced this and the number of lenders who are offering 95% mortgages have trebled over the last month.
Our View
As we mentioned in our previous newsletter, for us, the introduction of 95% mortgages is going to have a far greater impact than the Stamp Duty holiday. We feel that this will have a longer-term positive impact that will be seen for years to come.
New Developments to Look Out for
We have 4 exciting launches coming up over the next month. We first have a great development in Manchester set to launch with only 10% on exchange. This is set to be a great seller as not only is it Manchester and 10% down, but it is in an area that is going through great regeneration.
Another launch at the start of June will be in Liverpool. We have had great success on the dock front in Liverpool and this looks set to continue with a new development slap bang in the heart of the new Liverpool Waters regeneration scheme.
As we mention above, there are still areas outside of Manchester and Liverpool where you can get a great investment property. One of those areas is Ashford, Kent. With travel times from Ashford to London just over 30min, Ashford is fast becoming known as a well-priced commuter town. Coupled with the fact that Ashford International also serves the continent by train you can see how the growth in the area could be substantial.
Last but not least 2nd towns such as Bradford are also making waves. With a low entry point, it is fantastic for 1st time buy-to-let investors who are looking for great income yields.
POTM – Skyline, Bradford
Ready in 9 Months
This development is located perfectly in Bradford City Centre (BD1 Postcode) and will dominate the skyline. These apartments are well below market value and are offering a 7% NET income for the first year.
Prices from £65,000 | 7% NET Income for One Year | Cash Only Investment | City Centre Location | Flexible Payment Plan | Fully Furnished | Ready in 9 Months
If you would like to find out more about our POTM then please fill out the form below.
Broker of the Month – Ben Brewer
ben.brewer@flambardwilliams.co.uk
This goes to Ben Brewer. Ben has hit the ground running at Flambard Williams and went above and beyond for a client who was based in China and spoke little English.
At his own expense, he paid for a translator to join the calls in order for the client to fully understand what he was purchasing and ensure that the client was comfortable right the way through.
To speak directly to a specialist agent about any of the topics above or any general questions you may have please complete the form below.
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