Current Statistics ►

An estimated third of employees spend at least some of their week working from home with high speed broadband rising up the criteria list for new house buyers. Evidence suggests that broadband speeds could affect the price that buyers end up paying for their next move.

An analysis of average house prices and broadband download speeds by local authority reveals that buyers spend, on average, 17% more for properties in areas with superfast broadband compared to areas where average speeds are less than 25 Mbps.

Some of this will be related to where broadband providers have historically focused their investment, ie, in more affluent areas, but with the major providers increasing their coverage, this effect will become more diluted. Indeed, the Government has committed to provide superfast broadband (at least 24Mbps) to at least 95% of UK premises.

There are a myriad of factors that affect local property prices but the influence of broadband speeds should not be underestimated with its importance to buyers set to continue to increase.

January 2018

December 2017

 

 

We would like to take this opportunity to thank you

for your continued support which has made 2017

such a successful year

and we look forward to working with you

in 2018 and beyond. 

 

 

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This year we have been supporting Christmas Jumper Day in aid of Save the Children UK. Every one has been getting into the swing of things with some festive cheer at both our offices in Falmouth and Penryn, raising a total of £64.70. Not bad for a small team - Well done everyone!

September 2017

After months of hard work, our new website finally went live over the weekend and is looking fantastic! Why not have a good look around and see what amazing new features and information are included. 

www.heather-lay.co.uk


Natalie took part in the Cancer Research Race for Life Pretty Muddy on Sunday 3rd September. It was "pretty muddy" due to the Cornish Autumn weather, but a brilliant time was had by all and Natalie raised a fantastic total of £183.00 for Cancer Research!

August 2017

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Our new banner has arrived today ready for tonight, and it looks great!! We are proudly sponsoring the Pink Wig event which is part of Falmouth Week and raises funds for vital research projects, the best care for breast cancer patients in Cornwall and a safer future for the next generation.​

Remortgage borrowing on the rise

Remortgage borrowing on the rise

Selling GPEA 3rd February 2016

Remortgage borrowing on the rise


The latest figures from the Council of Mortgage Lenders showed that lending had increased substantially year on year.  That applied across the board for first time buyers, homemovers and remortgage borrowers alike, reflecting the continued improvement in the mortgage market. 

The annual increase in remortgage borrowing was up by a whopping 36%, a clear sign that borrowers are taking advantage of the competitive rates currently on offer.  In fact it amounted to the highest volume of remortgage loans in November since 2011.

The level of competition in the market is only likely to increase, which is great news for borrowers as lenders fight hard for their business.  As a result, rates have been driven down and have improved across the board, not only for those with a large slice of equity in the property.  

It therefore makes sense for borrowers to keep their mortgage under review, especially when it is likely to be the single biggest outgoing for most households.  Shaving the rate on a mortgage could equate to a saving of thousands of pounds per annum.  

Borrowers can choose from a wide range of product types so may also take the chance to plan ahead for the day when interest rates start to climb.  Fixing the mortgage rate will mean that they know exactly where they stand for a period of time.  Those that feel rates will remain low for longer and can deal with an increase may prefer a variable or tracking rate.   

However, it is important to factor in any costs associated with the switch as fees can mount up and eat into the potential savings. There is a huge range of deals on the market though and many lenders offer help with switching costs.  

For some borrowers, a slightly higher interest rate with lower or even no fees will offer better value so it makes sense to shop around.  Advice tailored to your individual circumstance and requirements will help navigate the mortgage maze to find the best deal for you.


Guild Mortgage Service, Provided by London & Country Mortgages

YOUR HOME OR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

The FCA does not regulate most Buy to let mortgages.

Residential Sales
01326 319 767

3 Church Street, Falmouth
Cornwall, TR11 3DN

Property Letting & Management
01326 374850

Swingbridge House, Anchor Quay,
Penryn, Cornwall TR10 8GU

Land & New Homes
01326 374850

Swingbridge House, Anchor Quay,
Penryn, Cornwall, TR10 8GU

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