Any property bringing in an annual rental income of between £25,000 and £100,000 will be affected. The original threshold was introduced in order to exclude ‘luxury lets’, however the limit has not been looked at since 1990 (and has not taken into account inflation since this time). The Government have taken the view that the threshold should reflect changes in market rents and to ensure minimum requirements in tenancy agreements are met. Also, the change should improve transparency in the lettings market.
Hu17.net - It's all about BeverleyJan 202011
The search for a dream home at an unbelievable price is over for buyers lucky enough to snap up one of the remaining homes at The Worx in Beverley, where homes are on offer for just 80 per cent of the purchase price.
Barratt Yorkshire East is offering first time buyers the chance to move into a luxurious new home for as little as £379.82 per month (list price £112,995) thanks to its Headstart scheme.
Thanks to this amazing deal, buyers, who could be paying an average of £545 pcm to rent a two bedroom flat can now take the plunge and move into a fabulous new home at the popular development in Beverley. The remaining 20 per cent is funded through a deferred Barratt loan which is payable in ten years time or when the property sells, whichever comes sooner. (Subject to status and the terms and conditions of the mortgage provider.)
Many buyers have already taken advantage of the fantastic deal which is the only one of its kind that requires a low deposit and now Barratt Yorkshire East is urging anyone who is interested to contact them today as only a handful of homes are left.
The superb development boasts a range of properties to suit all needs and is continually proving to be a massive hit with home movers; even more so since the opening of the brand new show apartment that has left buyers wanting a piece of Barratt luxury.
Current availability includes a range of two and three bedroom homes with prices ranging from £112,995 to £183,995.
Becky, Sales Adviser at The Worx said; “This fabulous scheme has proved to be a major hit with eager buyers wanting to take their first step onto the property ladder. Anyone looking to be settled into a dream home in time for Christmas is urged to visit us today and we will do all that we can to make it a reality.”
For further information on current availability at The Worx please call the sales team on 01482 874634 or click here
Hu17.net - It's all about BeverleyBUYERS struggling to get onto the property ladder are invited to attend Barratt Yorkshire East’s unique first time buyer event this weekend at Aspirations, where a range of fantastic schemes are being made available to get them into a dream home in time for Christmas.
Thousands of first time buyers think that a home of their own is out of reach due to the recession, increasing criteria from mortgage lenders and the requirement of high deposits but Barratt is here to help.
The special event takes place on Saturday 20th and Sunday 21st November and hopes to attract lots of buyers looking to take the step towards home ownership. Independent Financial Adviser, David Bailey, will be on hand from 11am to 4pm on the Saturday and Barratt representatives will be available all weekend to tell buyers about the fantastic schemes on offer.
One of the deals available is ‘Parent Power’; a ground-breaking new scheme to reward parents who put down a deposit on their children’s first home. Barratt Yorkshire East will pay the interest which Mum and Dad would have earned on their savings at a highly competitive rate of five per cent – well above the Bank of England’s base rate.
The offer means that parents who want to help their offspring get on the first rung of the property ladder can do so without losing a penny of interest on their savings.
So if a parent puts down a maximum £24,000 deposit on a property costing £120,000, they will receive the equivalent of £1,200 a year in interest for five years. This is paid in a lump sum of £6,000 at the time of completion.
Another fantastic deal is a Headstart; a unique scheme that allows buyers to move into a new home for just 85 per cent of the purchase price. The remaining 15 per cent is funded through a deferred Barratt loan which is payable in ten years time or when the property sells, whichever comes sooner.
Anyone who reserves an Amethyst or Ametrine home over the weekend will be given two early Christmas gifts. Presents include carpets, fridge/freezer, washing machine or curtains and blinds.
The Aspirations range consists of a fantastic selection of affordable one, two and three bedroom mews houses. These homes have been purposely built as an alternative to the new style low rise flats helping to get buyers more for their money. Prices start at just £113,995.
Sue Blackburn, Sales Manager for Barratt Yorkshire East said; “Imagine being settled into a brand new Barratt home in time for Christmas and being able to throw your very own New Years Eve party. Buyers taking advantage of all of these offers will be the envy of all of their friends.”
“We have introduced these fantastic deals in the hope of helping many more first time buyers onto the property ladder. We have already helped hundreds buyers move into a new home in 2010 and we hope to beat that in 2011.”
YORKSHIRE’S leading housebuilder has unveiled a ground-breaking new scheme to reward the growing number of parents who put down a deposit on their children’s first home.
Barratt Yorkshire East will pay the interest which Mum and Dad would have earned on their savings at a highly competitive rate of five per cent – well above the Bank of England’s base rate.
The offer means that parents who want to help their offspring get on the first rung of the property ladder can do so without losing a penny of interest on their savings.
Under the scheme – which is appropriately called ‘Parent Power’ – Barratt Yorkshire East will pay five per cent interest per annum for a full five years on a deposit of up to 20 per cent. So if a parent puts down a maximum £24,000 deposit on a property costing £120,000, they will receive the equivalent of £1,200 a year in interest for five years. This is paid in a lump sum of £6,000 at the time of completion.
“The reality of high house prices is that a growing number of parents now put down a deposit to help their son or daughter to buy a property of their own,” said Paul Hogan, Sales Director at Barratt Yorkshire East.
“But if that money is used to fund a deposit, it means that it isn’t in a high-interest savings account earning money for Mum and Dad.”
“This new scheme gets around that problem because you can pay a deposit on a new Barratt home for your children and we will pay you the interest you would have earned on the money.”
The offer is not restricted to mothers and fathers and is also available to other family members or friends who want to help a First Time Buyer move into a home of their own.
For further information on Barratt developments in your area please call central sales on 0800 590733 or visit www.barratthomes.co.uk
Hu17.net - It's all about Beverley
BUYERS showed Barratt homes are still top of their wish list as hoards of eager home hunters queued up to be the first to reserve at The Worx, Beverley on opening weekend.
Since the site opening its doors to the public just two weeks ago, the team have celebrated four sales and continue to receive massive interest from first time buyers.
The stunning development boasts a range of stylish two bedroom apartments and three bedroom homes to suit the needs of first time buyers, young professional and investors alike. Buyers seeking a taste of what’s in store can now pay a visit to the fabulous development and speak to one of Barratt’s friendly sales team.
Prices start at just £109,995 and buyers will be thrilled to know that they can still move into a new home for just 70 per cent of the purchase price thanks to HomeBuy Direct.
The remainder is provided as a joint equity loan shared between Barratt and the Government’s Homes and Communities Agency. Because a smaller mortgage is required, monthly payments are much more affordable. To register or to find out more information buyers can visit; www.barratthomes.co.uk/homebuydirect
Buyers can take advantage of the fantastic deal to purchase a stunning one bedroom apartment for just £76,996 (list price £109,995) with a deposit as little as £3849.
The Worx is a superb development, situated at Figham Road, Beverley, offering buyers a range of house types in a desirable setting. Beverley town centre is just a stones throw away whilst superb transport links are available to the nearby cities of Lincoln and Hull.
Donna Hilton, Sales Advisor at The Worx said; “The level of interest on opening weekend was outstanding. To open the doors to a crowd of eager buyers is a sign of the potential of this development. The superb location, stunning properties and brilliant offers available will continue to make The Worx a real success.”
For added piece of mind buyers can also benefit from Barratt Yorkshire East’s new five year guarantee on fixtures and fittings in their new home at the time of purchase.
Hu17.net - It's all about BeverleyMar 192010
2.99% two year fixed rate mortgage targeted at the four in ten mortgage borrowers who own more than half of their home
Yorkshire Building Society is now offering its lowest ever headline 2 year fixed rate mortgage at 2.99% (up to 50% LTV) with a fee of £995.
For people with slightly less equity in their home the Society also offers a 2 year fixed rate mortgage at 3.09% (up to 60% LTV) with a fee of £1,195 which has featured in best buy tables since its launch 5 weeks ago.
Tom Girling, Product Manager for Mortgages, at the Society said: “Our 2.99% two year fixed rate mortgage is a great product for the four in ten mortgage borrowers who own more than half of their home*. We urge people currently sitting on their lender’s standard variable rate to consider fixing their mortgage payments for a set period of time which will help to counter any movements in base rate over the coming months.”
“For those people not yet ready to fix their mortgage deal we also offer a highly competitive range of trackers including a 2 year tracker mortgage for people with a 15% deposit at 3.79%. This product has a low fee of just £495 compared to other deals in the market which have fees of up to 3% which would cost the customer £4,500 on a £150,000 mortgage.”
The new mortgages all have free valuation and legal fees for remortgage customers and offset versions are also available.
Hu17.net - It's all about Beverley
