Getting a mortgage for a house in Flixton

I was recently contacted by a client wanting to buy a new build house in Flixton, Manchester. Barratt Homes have a new development in Flixton, Manchester called Scholar's Green (see https://www.smartnewhomes.com/new-homes/developers/branch/barratt-homes-scholars-green-manchester-82863/?from_fd=1).

My client was looking to buy one of these new build properties and had sold their current house subject to contract. All was good, or so she thought, but unfortunately she only had a 5% deposit and because she was looking to buy a house priced at £279,000, her mortgage lender were unwilling to extend credit facilities and loan her the money. Hence, she was not able to get a mortgage.

Getting a mortgage for a property you want to buy can often be infuriating because you believe that you have all the lending criteria sorted only to then be told that the lender will not give you a mortgage. My advise therefore is to read the pages of this blog - start with the home page and you'll find plenty of mortgage brokers who will be able to exceed what a high street mortgage lender can do and successfully broker you a mortgage.

So if you've been refused a mortgage by a high street lender, don't give up. It could actually be a blessing in disguise as you'll get a much better deal from an independent mortgage broker.

Getting a Mortgage to live in Sale

Sale is claimed by the people who live there to be in Cheshire, but really it's part of Greater Manchester. Positioned between Stretford and Altrincham, Sale is a popular and upmarket place to live. A Manchester based mortgage broker who specialises on getting people agreed for mortgages in Sale is Manchester Mortgages.

Says Andrew Butterworth, broker with mortgage advisor Manchester Mortgages in Sale: "With typical property prices ranging from £250,000 up to over £1M there are plenty of different types of house available. There are also many different mortgage products on the market designed to cater for people in differing circumstances".

First time buyers tend to not live in Sale due to the property prices, instead they choose Stretford as it's far more affordable. Remortgaging is popular in Sale, where over the last 10 years house prices have risen by 10%-30%. This gives people plenty of scope to remortgage their property and make improvements such as extensions and refitting rooms.

Moving to Sale is popular and there are plenty of mortgage brokers who will advise on the best mortgage product for you. Those people will a poor credit score will find it more difficult to raise money to buy a house but it is possible - you just need to find the right broker.

"Educationally, Sale comes under the Manchester borough of Trafford - there is a good choice of schools available too. This make Sale a very popular area to live", continued Andrew.

Stretford mortgage brokers

Stretford, the part of Greater Manchester that is home to both Manchester United football club and Lancashire County Cricket club is currently enjoying a bit of a facelift. The well know A56 Chester Road that runs from Sale through to the city centre is being repaired and the local Stretford shopping centre is also being beautified.

With 3 bedroom terraced houses now selling for upwards of £200,000 (see https://www.onthemarket.com/for-sale/property/stretford/), many people are looking to buy a house in this area. Mortgage brokers are much sought after and quality brokers like Andy Butterworth and Alan Dee are busily sorting out mortgages for all types of Stretford property.

Because the houses in Stretford are a mix, the types of mortgages available are also a mix. First time buyers, buy to let, lease to buy, remortgages and bad credit mortgages all rank highly in Stretford.

Ideally placed between Chorlton, Sale, Urmston and Manchester city centre, Stretford is the cheapest of these areas to buy a house. Chorlton is super expensive, closely followed by Sale and then Urmston. For people looking to buy a house in Stretford, you'll save yourself over £100k by relocating here rather than Chorlton.

Clifton, Walkden and Swinton Mortgages

Clifton is an area of Greater Manchester located close to the M60 motorway and near to the towns of Kearsley and Swinton. All 3 areas have new housing developments that are ideal for people who are wanting to move into the local area.

One such housing development is Scholar's Green, in Worsley, just outside Swinton in Manchester. Close to both Walkden and Clifton these houses come with easy payment mortgages courtesy of Manchester mortgages who are offering good rates of repayment interest over both 25 and 30 years, with fixed rates for either 2 or 5 years.

In the last few years it's been difficult for many people to get mortgages, one of the reasons being that a large deposit is needed - typically in the region of £35,000+. This can understandably be difficult for people to raise this amount of money, but the Scholar's Green development handles this problem nicely.

With prices starting at just over £200,000, both a deposit and a mortgage for these Walkden and Swinton properties can be arranged in a little over 2 days. Deals can be arranged where houses are part furnished too - so once you complete on your house purchase you'll have the option to be moving into a house that is already part furnished.

An added bonus with living in Walkden, Swinton or close by in Swinton or Clifton is that Walkden Station is very near. It's an ideal commuter's station with great rail and tram links into Manchester and Bolton, and further afield into Leeds and Liverpool.

Buying a house in Swinton, Boothstown or Eccles?

Attention house buyers and remortgagers, if you are wanting to buy a house or remortgage your property and it's in the Manchester areas of Swinton, Eccles or Boothstown then this post is especially for you.

Mortgage broker Andrew Butterworth from popular local mortgage advisors Manchester Mortgages has put together a special mortgage deal for people and families looking to move to these three areas.

Take a look at this house - ideal for first time buyers in Pendlebury, Swinton. At £130,000 it's affordable and an ideal way to get yourself on the Manchester property ladder. It's properties like this that Andrew is looking to get really good mortgage deals on for clients. Says Andrew: "Buying a house and getting a mortgage in Swinton, Boothstown or Eccles has never been more attractive than it is now."

I asked him why? - "With interest rates soon to go up (see this article from This is Money), Manchester Mortgages can get you a mortgage offer where the interest rate is fixed for five years. With the interest rate currently low, you can beat any rise by getting a mortgage with a fixed rate." he said.

He continued, "The areas of Swinton, Eccles and Boothstown have a lot of new build properties that are attractive to many homebuyers. Getting an equally good mortgage deal is essential in saving you money over the term of your mortgage."

Getting a house mortgage in Oldham

The M60 corridor as it is known is a ring road that encircles much of Greater Manchester. Working around from the north most point, between Whitefield and Middleton, one eventually comes close to Oldham. Now, Oldham is a busy place for those looking to buy a house, with many different types of house available.

Oldham

House prices are (compared with much of the rest of Greater Manchester) cheap, with 4 - 5 bedroom detached houses selling for upwards of £650,000, and then down to the terraced house selling for £130,000 upwards.

If you are a buy to let landlord or considering becoming one there are some great properties ion Oldham that you could buy to add or start your portfolio. With £1m - £1.5m you can have a rather decent property portfolio rather quickly.

Getting mortgages for these houses shouldn't be a problem either depending on whether you know a good mortgage broker. There are several that cover Oldham, but once again I stress the importance of avoid high street mortgage lenders. Why? Because mortgage brokers on the high street (the likes of Santander, HSBC, Halifax, Virgin etc), will only inform you about their own mortgage products. In practice, it's far more savvy to get a mortgage arranged through an independent mortgage broker, as they can advise you about available mortgages that are available on the whole of the market, rather than just to mortgages from a single vendor.

If you are looking for buy a house in or around Oldham, take a good look at this blog as it contains a lot of information that you will find useful. Please contact me for further advice also.

Buying a house in Bury, Tottington or Walmersley

Recently in the Bury Times, an online newspaper that covers the areas of Bury, Radcliffe, Prestwich, Whitefield, Ramsbottom and Tottington there were some interesting articles on how to go about obtaining a mortgage and buying a house in Bury, Greater Manchester.

The link above will take you to the rightmove website, which is a portal of houses for sale and is organised by area. Now the area of Bury and surrounding satellites of Tottington, Walmersley and Ramsbottom have a lot going for them. They are quite well-heeled and well to do, the schools are good, and the motorway network is nearby, meaning that for work, both the M60, M62 and M65 motorways are easily accessible. Drive time into the centre of Manchester is around 40 minutes, which makes all these areas good commuting locations.

Also there's quite a bit of decent countryside around too, the area of Ramsbottom (just along from Tottington) is mainly greenbelt so if you travel out this far in your home buying investigations, you can expect to see hills, farms, fields and open countryside.

There are some new build houses going up throughout the area of Bury, but also some brownfield developments. Be sure to look at some other posts in this blog for further information.

Listed Buildings for sale in Greater Manchester

With all the interest in buying property in Manchester, in this post we take a look at an article from the MEN about listed buildings that are up for sale across the Greater Manchester area - some of them are so cheap you won't even need a mortgage.

Whilst owning a listed property is nice for some people, remember that they come with a list of things that you can't do - one of which is usually renovation - the buyers are encouraged to preserve the properties period features.

Sometimes, grants are available to help you maintain your listed property but obviously, you will need to check what is and isn't possible, along with what can and can't be done to the property.

You can get the information you need from a good mortgage provider and broker and there are few better equipped than Manchester Mortgages, a lender that has been providing mortgages in Manchester for the last 20 years. Experts in period properties with restrictive covenants, they have dealt with getting mortgages for clients wanting to buy historic buildings for several years now.

So take a look at the properties from all over Manchester, including Middleton, Heywood and Delph and think what it would be like to own a little piece of history.

Moving to Didsbury? Need a mortgage?

In a recent MEN article, the pro's and con's of living in Didsbury vs living in Chorlton were compared. Once you've read the article, lets take a look at the mortgage brokering services available for Didsbury.

Didsbury is divided into West Didsbury and East Didsbury, both areas are very attractive to home buyers and home owners. There are all sorts of properties available from one bedroom flats through to larger detached residents. Because of house prices these days, very few people have enough money to buy a house outright and will have to get a mortgage in order to buy a house.

This is where the mortgage broker comes in, but what is a mortgage broker? A mortgage broker is a person who is able to get a mortgage for people who are looking to buy a house. At this point it's important to be distinct between a mortgage broker and an INDEPENDENT mortgage broker.

A regular mortgage broker will only offer you mortgage from the company they work for - so for example: a Halifax mortgage broker will only tell you about mortgages available from the Halifax, whereas an independent mortgage broker is able to tell you about mortgages available from all providers.

Frequently the mortgages sold by non independent brokers aren't very competitive, so in Didsbury for example, you are much more likely to get a decent mortgage from an independent mortgage broker. Consider that mortgages run (typically) for 25 years. 25 years is a long time, and over the full term of a mortgage, being lazy and not getting yourself the best mortgage deal can cost you thousands of pounds.

Mortgage housing in Rochdale and Rossendale

There's a good chip shop in Norden called The Bridge, and I go there probably about twice a month. It's not far in the car and the drive takes me through some areas of Rochdale and Rossendale. As well as having a decent chip shop, it's got a decent pub (The Horse and Farrier) and is quite a desirable area to live in.

You can Google yourself to find out more about living in Rossendale or Rochdale, Rochdale has many cheap properties and it goes without saying that therefore the area is less affable and monied that the houses and areas of Rossendale. If you search for houses to buy in Rochdale you'll want to secure a good mortgage broker too.

Mortgage brokers aren't just for first time buyers, they can also be of great assistance to when remortgaging a house, moving house or considering buy to let. With the recent increase in interest rates and the abolition of stamp duty, it can be a good time to buy a house for many people.

There are plenty of houses available in Rochdale and Rossendale but towards Christmas the market always slows down. Putting their house on the market can be a New Year's resolution for some people too so keep your eyes open for a bargain in the New Year.