Current Statistics ►

There are people who feel strongly about whether their home address is on a Road, Street, Crescent or Square and developers often assume that one will attract a higher price than another. To test the theory, we explored 2017 sales data to see whether we could identify any correlation between suffix and price.

  • The average price of a property sold on a "Road" to date in 2017 is £301,950, however there are premium purchase properties elsewhere. To purchase on a “Park” expect to pay a 9% premium while to purchase on a “Place”, “Hill”, or “Garden” could add thousands to your purchase price. Owning a property with no street address at all, added £10,000 to one on a “Road”.

  • At the top end of the budget, just 0.5% of all properties sold this year have been on a “Square”, where the average price is £462,895, a stunning 53% more expensive than a “Road”. But “Road” has kerb appeal for more buyers than any other address, accounting for a substantial 30.7% of all sales this year.

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

h_l_banner

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

Videos 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.

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