If you’re looking to join the millions of homeowners in the UK and get on the property ladder as house prices fall and rents soar, you might be considering a new build property. Requiring no effort when you move in, it’s easy to see why so many people are considering new builds.
Before you take the plunge, here are some things you need to know before you buy a new property.
In the pursuit of managing monthly outgoings more effectively, homeowners may consider the option of remortgage to pay off debts. This financial strategy involves obtaining a new mortgage to clear outstanding debts concurrently.
The Board of Directors of Beverley Building Society has been strengthened with the appointment of four new Non-Executive Directors (NEDs).
According to Chairman Stuart Purdy, the candidates’ knowledge and experience will give a significant boost to the Building Society’s ambitious future strategy of expanding mortgage lending.
Christopher White has been named Chief Financial Officer at Beverley Building Society, subject to regulatory approval.
He replaces Janet Bedford, who was promoted to the role of Society Chief Executive, at Beverley Building Society.
The effect of any financial crisis is first reflected in the property market. A Hull property agent has been monitoring the situation, whilst sharing knowledge between experts up and down the country.
He believes from the experience of previous recessions, Hull’s market could make a quicker recovery than the rest of the UK.
House prices have grown at the lowest rate in six years with the East Riding of Yorkshire seeing a 3.6pc increase over the past twelve months.
Latest figures released by Nationwide showed that in house prices grew by just 0.1pc nationally. This means that the East Riding is bucking the national trend.
Shared ownership housing and currently has an opportunity for potential buyers in Goole.
Shared ownership enables applicants to buy an initial share of a property (between 25% and 75%) and pay rent on the remainder to the council.
The team at Beercocks in Beverley has over 26 years industry experience and has become the go-to family estate agent in Beverley and Hull The high profile office has recently undergone a major refit and now provides a bright contemporary office located in arguably the very best location in the Town being No 1 Saturday Market.
The team of 5 in Beverley is headed by Tony Wallis who has been valuing and successfully selling residential property in the area East Yorkshire area for 15 years and brings a wealth of local knowledge and experience to the team.
With the Bank of England putting up interest rates for the first time in a decade, there will be some winners and some losers.
It is estimated there are around 4 million variable mortgages held in the UK, along with some other loans, and following the Bank of England base rate rise, some households will see their repayments go up.
Homeowners are set to for a wake-up call this week as the Bank of England look likely to increase interest rates for the first time in ten years.
Currently set at 0.25pc experts say that this is likely to be increased to 0.5pc – a small amount but enough to have a significant impact on people with large mortgages.
Ashley Phillips Ltd, a company who provide financial advice say they have relocated to Beverley Town Centre to be closer to their customer base.
A family owned and run business Ashley Phillips Ltd provide face to face advice on a range of financial topics including Mortgages, Pensions and Investments.
Staff and members bid a fond farewell to Chief Executive, Peter Myers at the Beverley Building Society AGM on Tuesday evening as he officially handed over the reins to new Deputy Chief Executive, Janet Bedford.
The executive team delivered a positive presentation at Browns of Beverley, reporting strong figures that are testament to Peter’s five year growth plan.
The Chief Executive of Beverley Building Society has announced he will be stepping down after the AGM in April 2017.
Peter Myers joined the Society in September 2011, delivering a 5 year strategic plan with a back to the future approach – local people, looking after local people’s mortgages and savings accounts.
Beverley Building Society have welcomed their fifth graduate into the business as they continue to help give young people a start in their professional careers.
The much publicised Mortgage Market Review (MMR) came into effect on 26th April and has caused many lenders to reassess the way in which they provide mortgages.
Independent East Yorkshire mutual Beverley Building Society achieved record growth in 2013 despite continued turmoil in the financial sector.
The Beverley Building Society is giving the opportunity to those who have their mortgage with another lender to switch to the Beverley for free.
Sleep Easy is an annual charity event organised by the YMCA to raise awareness about the issue of youth homelessness, and to raise funds to support young people living in poverty and at risk of homelessness. Members of the public sleep rough for one night -Friday 1st February – raising funds as they do so. Across the UK, and locally, homelessness services are experiencing an increase in demand for the…