Home owners got a big boost yesterday as lenders slashed mortgage rates in a new price war.
Experts predicted a major improvement in the property market after the Bank of England held interest rates unchanged at 0.5 per cent.
They say keeping rates at their record low for the 26th month running has given lenders the confidence to cut the cost of a range of mortgage products. And yesterday the rivalry began. Big hitters such as Nationwide, Barclays’ lending arm the Woolwich, and Northern Rock all announced they were slashing the cost of fixed-rate mortgages, and other major players are expected to follow suit.
Nationwide, the UK’s biggest building society, cut rates by up to one per cent on some of its 90 and 95 per cent loan-to-valuation deals. It also reduced its product fee by £500 for those moving home – effectively a 50 per cent cut. Barclays trimmed some of its rates by up to 0.1 per cent and reduced arrangement fees, while Northern Rock cut its deals by up to 0.57 per cent.
Bank holiday weekends can be hit or miss, but we were very pleased with the number of viewings booked and attended during this last bank holiday weekend. In total we sold Three houses and arranged Seven viewings. Everyone knows that the market is slower than in previous years, but if you work harder and longer you can make a difference for your clients.
The easter period can usually be hit and miss. This bank holiday weekend has proved to be a huge success, we sold 6 houses over the weekend four of which were from viewings that took place from Friday to Monday.
Our new website www.anderson-dixon.com features video marketing, telling our customers about us and what we do for them. The whole team got involved in the production and we are looking forward to seeing how it comes out.
Eric insrtucted Dave to sell his house on Thrift Road, Branston in early March 2011. The property was sent to matching buyers and the office at Anderson-Dixon achieved a sale within One week. This is down to correct pricing (some the same are 10k more not sold) and knowing your buyers.
Eric was so pleased, that he hand delivered a bottle of champagne to Dave which Eric recieved in 1998 from Westbury homes on completion....
Correct pricing + knowing your buyers = SOLD
Kingstanding Hall has been reduced to offers over £1000,000. The property includes a 6 bedroom hall, derolict farmhouse, Two bedroom annex house, further outbuildings 17 stalll stable yard and 11.5 acres of grazing. Superb value for money with further potential.
