In the last few months we have see a real rise in the amount of customers using storage, it seems most customers are using it for short terms while they are between properties. It can make the transition of moving house smoother if there is a problem in finding a convenient date in a large chain. One of our customers even took a holiday whilst there possessions were in storage, we thought that was the best way of solving accommodation between houses. Of course storage can be helpful in lots of other situations, having building work done, working abroad etc etc. Why not give a call and see what we can offer including storage with 24hr access.
Mortgage approvals double
The Guardian reports:
The number of mortgages approved for house purchase has risen to its highest level for nearly two years during October as buyers continued to return to the market, figures have shown.
Around 42,238 loans were approved for people buying a property during the month, nearly double the number seen in October last year and the highest level since January 2008, according to the British Bankers’ Association.
Net lending, which strips out redemptions and repayments, also held firm at £3.1 billion.
But unsecured lending remained subdued as consumers instead focused on paying down their debts and building up savings.
At Wolton Removals we too have also seen a big increase in business over the same period last year, especially in our ‘Man and van’ hire service. We have noticed people are moving but are looking for the best value service which we believe our ‘Man with van’ service offers. If you are thinking of moving and don’t mind helping with some of the lifting why not check out our prices http://www.removalsbedford.co.uk/man-and-van-hire/
Moving home is all in the timing
Now the housing is market showing signs of recovery, buying a new home remains a sensible investment. But the critical issue of knowing exactly when to buy, is still the fundamental key to getting a maximum return.
With great deals and incentives on new homes, prices at their most affordable for years, househunters are now realising that buying conditions are perfect.
Marie-Claire Travis, Regional Sales and Marketing Director for Taylor Wimpey South West Thames, comments:
“It’s important that buyers don’t allow themselves to get confused by the almost constant stream of data and news surrounding house prices. The bottom line is that house prices have reached their lowest for years and are now showing signs of growth again. This means that for almost all types of movers – whether first-time buyers or those with a current home – this is a prime time to grab a foothold on the property ladder or move to a bigger home.”
Taylor Wimpey, which also builds new homes under the Bryant Homes, Laing Homes and George Wimpey brands, has seen a steady increase in buyers investing in property, particularly parents securing first homes for their children, and more ‘off-plan’ purchases for homes months ahead of them being completed.
“According to the Land Registry, average house prices in England and Wales are around 11.7% lower than they were a year ago, but rose 1.7% in July – the biggest increase in five years.
For example, Taylor Wimpey can arrange valuations and market the customer’s existing home; pay their estate agency fees; assist with Stamp Duty and legal fees; provide a Home Information Pack (HIP) and/or free house removals.
“This summer we have helped increasing numbers of second-time buyers to sell their existing home in as little as a month, as well as offering quick and simple part-exchange deals on selected new properties.
“Whatever circumstances people are in, the situation is very positive and those who haven’t yet taken advantage of the lower cost of purchasing a home should make sure they don’t miss out.”
If you need help with moving to a new home, contact Wolton Removals for a competitive quote and great service and if this is your first house, then why not enquire about our man with van hire
Rightmove Report Rise In House Moves
A report from Rightmove suggests house prices have risen by 0.6 per cent this month, the online estate agency warns that lenders’ caution and poor stock levels continue to threaten the market, report The Independent.
Rightmove’s monthly housing survey, based on asking prices rather than on completions, reveals the value of properties across the UK are continuing to fall. While overall prices in England and Wales have risen during September, only three areas of the country saw gains, East Anglia, London and the South-East of England, with the North of England, in particular, registering disappointingly lower prices.
Miles Shipside, commercial director of Rightmove, said that the biggest restraint on the market was the high deposits now required by most mortgage lenders.
“The recession appears to have hit prices harder in the North, and this is compounded by lenders’ more conservative attitude to risk,” Mr Shipside said. “Lenders quite naturally prefer to lend to lower-risk borrowers in better locations, with better job security, larger deposits and more resilient property values.”
Mr Shipside added that he believed the market had reached a crossroads. “Confidence is up, stock is down and the number of people searching is high – there are lots of positives, but too few buyers can put down the 40 per cent deposits that are needed in order to secure the best mortgage deals,” he said.
“Finance greases the wheels of the property market and it is anybody’s guess when we might see the necessary level of competitive funding return.”
Wolton Removal report September 2009 as being the best months trading this year. House removals are definately on the increase as confidence grows in the economy.
House Prices Rise Due to Lack of Houses for Sale
As reported on Wolton Removals Blog in June of this year, positive figures in the housing market indicate house prices are up; in fact, the economy on the whole showed its first significant signs of recovery after a series of positive figures in manufacturing and service sectors were published yesterday.
The Halifax Bank of Scotland, Britain’s biggest mortgage lender, reported the cost of the average home rose by 1.1 per cent in July to £159,623. The three-monthly figure for house prices was also up 0.8 per cent, the first rise in the trend since the market peaked in October 2007. The Halifax attributes this rise in house price to the current lack of properties on the market, possibly due to skepticism of Britain’s economic recovery.
We at Wolton Removals have certainly noticed an upturn in house removals, whether the summer months are responsible for the increase in house moves, or people are feeling more confident in the shift of the economy, who knows? Only time will tell. If you are moving house, let us know your reasons in our comments box below.
Shortage in House Moves Boost Property Prices
The shortage of UK homes on the market is slowing the percentage rate at which house prices are falling, the average property lost just 0.1 per cent of its value during May, following a strong increase of 1.1 per cent in April; surveyors expect house prices to rise over the next quarter, which will be the first increase for more than two years.
The Royal Institution of Chartered Surveyors (RICS) said:
“A low level of properties on the market, combined with increasing home buyer inquiries, was providing a platform for “modest price increases”.
All regions of the country saw a slight improvement in house moves, as the annual rate falls, except London, the North West and Northern Ireland, where prices have fallen by 23.2 per cent during the past year.
Michael Jackson – The King is Dead, Long Live the King
As the world mourns the untimely death of Michael Jackson, we hear his music constantly and see his pictures everywhere, on the internet, television, newspapers and magazines. What a shame Michael Jackson didn’t receive this tremendous appreciation when he was alive, but like so many artists, they only become fashionable and appreciated after they die.
In a way we grew up together; I bought his records, tried to emulate his dance moves and waited with baited breath for his next release until the Thriller Album was released, nothing was going to top that video – it become the first, big production music video and raised the bar for chart videos to follow. We have a lot to thank Michael Jackson for, outstanding music, videos and dancing; an inspiration for many who followed.
I will have happy memories of good times when I hear certain tracks, I just hope the media don’t over-play them and kill the music too.
Michael Jackson – You Are Not Alone * Tribute * 1958-2009 – The top video clips of the week are here
Falling House Prices to Slow
City traders are predicting house price falls of just 7% this year with the
worst of the property market downturn behind us, report The Times June 19th
Brokers are urging buyers to snap up a bargain before mortgage rates and
house prices rise. Rob Atkin of Tullett Prebon said:
“We’ve seen more house buyers are willing to bet that the Halifax index
will not fall as far as the house market was suggesting three months ago.
And with derivative prices suggesting the low point to be sometime next
year, the worst may very well be behind us.”
Housing prices will trough in December 2010 and will not recover to
today’s levels until 2016.
IHS Global Insight, City forecaster, said its prediction for a 10% fall this year looked overly pessimistic, while George Buckley, economist at Deutsche Bank, also said the pace of declines expected this year could slow.
Stephen Noakes of Lloyds said:
“I think we will see about only 10% to 12% falls this year. For the first time people are thinking house moves will increase over the next 12 months.”
There are still bargains to be had say Property Market experts
So now is the time to secure a great low interest deal on your mortgage and quote for moving house from a reliable removals company. Woltons Removals provide an excellent removal service for all your house removals needs, so why not give them a shout.
Fixed-rate Mortgages Moving Up
Despite the Bank of England keeping their rates on hold, High Street banks are raising their costs to boost their profits.
Several major high street lenders increased the rates on their fixed rates deals following the Nationwide Building Society raising costs up to 0.86 per cent, despite the Bank of England keeping interest rates at just 0.5 per cent.
This has come as a major blow to the Property Market and house moves, after finally reaching a turning couple months ago. Melanie Bien, of mortgage brokers Savills Private Finance, said:
“Home owners who are on a cheaper standard variable rate should hang on where they are while the rate is low.”
Jonathan Cornell, of mortgage brokers First Active Finance, said:
“If you move onto an SVR, you are probably going to have a cheaper monthly payment than if you fix now“
He then added:
“Fixed mortgage rates are going up and while you might enjoy being on an SVR for the next six to nine months, the whole experience is going to become more painful as we see interest rates begin to rise after that.”
We at Woltons Removals say you should ‘Get in there quick!’, thats literally and metaphorically. There are still Fixed Rate Deals to be had…
‘Cheltenham & Gloucester at 2.5 per cent. Halifax’s SVR is 3.5 per cent and HSBC’s is 3.94 per cent.’ – The Telegraph, 16th June.
And these can be secured up to two months before you need the mortgage, so get moving by securing your mortgage and house removals quote with Woltons Removals.
House Removals on the Up
The number of people looking to move house is at the highest level in a decade according to Estate Agents, report the Telegraph. The research also indicated that the property market prices rose for the third successive month.
According to the latest property market survey from the Royal Institution of Chartered Surveyors, new buyer enquiries have risen at the fastest pace since August 1999. The survey also suggested that the rebound in enquiries is feeding through into increased sales, with the number of properties selling over three months edging up from 10.6 in April to 11.8 in May.
RICS member based in Durham City, Keith Johnson said: “While the House Market is still somewhat erratic and very price sensitive there are good signs of recovery.”
RICS member Richard Sayer, based in Northumberland said: “This is an excellent market for many buyers and sellers to be testing their options.”
This improvement in the property market makes moving house a more attractive venture; we at Woltons Removals have seen the trend in house removals moving up over the last three months which means people are confident the recession is nearing an end. We have also seen an increase with our man and van hire due to the increase in purchases of large items, indicating an end to the economic gloom is near.
