Mortgage age limit continues to rise

Over the past couple of weeks two banks have moved to increase the age limit on mortgage offers to 80 (Halifax) and 85 (Nationwide) years old.

Nationwide say the move is a response to demand from older customers who are “often asset-rich with significant equity in their home.”

As people increasingly find themselves working well in to their late 60s and often older, banks and building societies are having to adjust to allow for this.

Nationwide will now offer mortgages of up to £150,000 to older borrowers if they can prove they have sufficient pension to cover repayments.

The oldest possible age that a mortgage application will be accepted is 80 and this will only run for five years.

The offer will also only be available to those who wish to borrow 60% or less of the value of their home.

Announcing the news Henry Jordan, head of mortgages at Nationwide said: “We are taking a series of steps to meet a growing demand from customers to be able borrow in later life.

“These customers are often asset rich, with significant equity in their home, and they wish to have the flexibility to borrow against it.

“Access to the mainstream market has been a challenge for older customers, resulting in their needs going unfulfilled.

“This measure helps to address these needs in a prudent, controlled manner.

“Nationwide is committed to providing a range of options for all customers and this will be the first step towards developing a wider range of options for those looking to borrow into retirement.”

At Peter Ward Homes we have a wide range of locations and house types that will appeal to the older generation especially those looking to downsize and release equity for immediate use.

To see our the latest homes visit http://www.peterwardhomes.co.uk

Our top five interior design blogs

Want to make the most of your home this summer? Well, look no further for inspiration. We’ve compiled a list of our favourite interior design blogs to help you on your way to creating your perfect living space.

And don’t forget a new home is a blank canvas, so why not take a look at these websites after you’ve decided which of our beautiful houses suits you the best!

Hannah in The House

This blog has been running since 2010 and was created as a personal outlet for Hannah, a decorative arts graduate. Its success has seen it become a full time concern sharing design, inspiration, craft tips and more.

Bright Bazaar

If it’s good enough for Elle Decor and The Huffington Post it’s good enough for us!

Created in 2009 it shares the ideas of freelance author, Will. Last year he released his first design book, Bright Bazaar: Embracing Colour For Make-You-Smile Style.

Pippa Jameson Interiors

You may have come across Pippa Jameson on one of her many TV shows, such as ITV1’s Bad Builders Bang To Rights.

The blog has won a host of awards and showcases industry knowledge, leading trends, advice on how to introduce current looks within your home and tips on the best high-street buys.

The Ordinary Lovely

This blog only cropped up a couple of years ago but has gathered a strong following in a short time.

The aim of the blog is to show readers how to achieve functional (with the emphasis on FUN) spaces and to accept the messiness that comes with having young children.

Sarah Akwisombe Blog

An art deco lovers dream. The blog has built a reputation for statement pieces and not holding back in its approach.

It’s won awards, built a cult following and assisted some of the world’s most renowned interior stylists.

So have a look at these amazing, talented interior designers and whilst you are at it have a look at www.peterwardhomes.co.uk

How much value is there in your child’s bedroom?

It is estimated that collectively teenagers across the UK store an incredible £20bn worth of goods in their bedroom.

The research, conducted by insurance company esure, took in to account clothes, toys, furniture and gadgets. Unsurprisingly it was games consoles and TVs that accounted for a significant slice of value, totalling around £700.

DVD players are also becoming more and more popular, with just over half of kids owning one and 18 per cent owning 50 DVDs or more.

It was also discovered that 1 in 8 had more than £2,000 worth of clothes hanging in their wardrobe and 1 in 25 wore jewellery worth £1,000 or more.

Nearly two thirds of parents polled as part of the same research confirmed that their teenagers spend the majority of time in their bedrooms.

Whilst many teens use their rooms to communicate on social media, they also use their bedrooms as a full on entertainment centre, some even having things like refrigerators to keep the coca-cola and chocolate cold.

In total the average value of a teenager’s bedroom came to £2,116.73, highlighting not only the importance of home and contents insurance – but the importance of choosing the right deal.

Many insurance companies will only insure a single item up to £1,500. Anything over this threshold may have to be insured separately.

If you’re looking for some more space for your growing family then take a look at this beautiful new build, guaranteed to get you teens smiling.

First Time Buyers Given Even More Help by Chancellor

As a first time buyer you may have been watching the Chancellor’s Autumn Statement to see if there were any announcements that might, at long last, help you move into a home of your own.There were measures announced but you could be forgiven for not having noticed them!

So what did Mr Osborne have to say to help those move into the first home they could call their own? Firstly, the Help to Buy Equity Share scheme, which sees the government lend you 20% of the purchase price of a new build home, is being extended by another year until 2021. This gives those wanting a to buy a home up to six years to save their deposit.

First Time Buyers 2

There are now even more reasons for First Time Buyer celebrations !

More subtly there was the 3% increase in stamp duty for second homes and buy-to-let properties. You might wonder how this would help you as a first time buyer. We spoke to Rosemary Key, Sales Director at Peter Ward Homes, and she thinks this will mean landlords will be less likely to buy properties now to rent out. It is her view that more of the lower priced second hand properties, which are usually snapped up by landlords, will be available for first time buyers.

However Rosemary adds “A second hand property is not always the best bet for a first time buyer. A new build house has the advantage of having lower comparable running costs. And it’s not going to leave you with a large bill in your first two years of ownership if, for example, the boiler fails and needs to be replaced. Items like this are covered under guarantee on new homes but with a second hand home this kind of expenditure can be needed at any time.”

What is less obvious is the effect that the Help to Buy scheme has on the New vs Second hand debate, when you are deciding which property to buy. Rosemary explains “With the Help to Buy Equity Share scheme you only need to get a mortgage for 75% of the property’s price, the balance being paid by the 20% government loan and a 5% deposit from you.”

“As you are only borrowing 75% of the purchase price from a bank or building society, your monthly mortgage payments are likely to be lower than they would be on a resale property, even if the full price of the newly built home is slightly more. There is no interest to pay on the 20% government loan for the first five years, after which the interest rate starts at 1.75%, and you don’t have to repay the loan for 25 years, unless you sell the property before then.”

Another way the Chancellor has helped is the new Help to Buy ISA which should be on offer from banks and Building Societies from this month (December 2015). This is designed to help you save up your deposit, whilst also getting a contribution from the government to top up your own savings.

First Time Buyers 3

You need advice from a Mortgage Adviser

If you want to know more about any of the help and advice available to first time buyers then you can go on-line or talk with a mortgage adviser. If you live in East Yorkshire or North East Lincolnshire Peter Ward Homes will be happy to see you at any of their sites. Rosemary says any mortgage adviser or bank will be happy to guide first time buyers on what can be a daunting journey and, in the case of her Site Salespeople, they have a ‘no hassle policy’ so won’t put you under any pressure to buy if you decide the time isn’t right.

So there you have it, an update on what the Chancellor did for first time buyers in the 2015 Autumn statement. Great news for those looking to buy and move into their first home!

 

10 Facts about Immingham…

Immingham Area Shot 08090006Immingham has been a popular location for Peter Ward Home buyers over the past few years. The success of phase 1 and 2, have proved just how much homes are in demand in this semi-rural location.To help you get to know Immingham a little bit better, we have put together a list of facts to show just what a great place it is to live.

1. Immingham is a town in the North East Lincolnshire unitary authority of England. It is situated on the southwest bank of the Humber Estuary, and is 6 miles north-west from Grimsby. It is just 3 miles from the M180/A180, giving access to major towns and cities including Scunthorpe and Doncaster, and via the Humber Bridge to Hull and York.

2. Habrough station is just one and a half miles away, with regular services East and West, linking with the main network via Doncaster.

3. Two airports, Humberside and Robin Hood are close by and offer low cost charter flights.

4. Immingham has a sports centre, swimming pool and a golf club. Public houses include the County Hotel, the De Kyme Hotel, the Mayflower and the Bluestone Inn.

5. In 2008 the Port of Grimsby and Immingham was the UK’s largest port by tonnage. It is owned by Associated British Ports and is a constituent port in the Hull and Humber Ports City Region and is a port used frequently by various shipping agents.

6. Oasis Academy Immingham is the main secondary school serving the area. The school was formally known as The Immingham School.

7. Up until the turn of the 20th century Immingham was a rural village, dependent on agriculture. The advent of the railways encouraged speculators to utilise its location on the coast to build a deep-sea dock to rival that in nearby Hull.

8. The town contains a memorial marking the site of the 1608 departure of the Pilgrim Fathers to the Netherlands.

9. Close to Immingham, oil is refined at the Lindsey (at North Killingholme) Oil Refinery by total and at the Humber refinary (at South Killingholme) by Phillips 66.

10. During the First World War, Immingham was a submarine base for early submarines. During the Second World War, Immingham became the shore base of Lord Mountbatten and the docks hosted his famous vessel, HMS Kelly.

And the winner is…

Lucky winner, Jayne Rudd receives her iPad Air!

Lucky winner, Jayne Rudd receives her iPad Air!

The winner of the iPad Air draw, at the Peter Ward Homes Open Weekend, was this week presented with her prize by Sales Representative, Sarah Shepherd.

Jayne Rudd, 47, from Brough, was the lucky winner of the prize draw after attending the Open Weekend at The Manor in Gilberdyke with her Mum.

She said, “I’d heard about the Open Weekend through Rightmove. I was browsing the Peter Ward Homes website and phoned up to enquire. They then invited me to attend the Open Weekend. When I was there I was asked if I wanted to enter the prize draw so I thought why not. I never expected to win.”

Ms Rudd attended the Open Weekend in the hope of finding a three-bed, detached home. She took a particular liking to one house type that had everything she was looking for.

“I’m wanting to downsize from my four-bed detached to a three-bed. I have two sons who are ready to fly the nest so I no longer need the extra room. I really liked the look of The Wansford. I loved the layout of the house. We spend a lot of time in the Kitchen and Dining room so to have so much space in that area is perfect. Also the bi-folding doors featured in the show home were amazing. It was just lovely.”

The Open Weekend at The Manor in Gilberdyke and Habrough Fields in Immingham proved to be very successful with double the amount of visitors compared to previous events. One of the main talking points was the stunning new show home at The Manor. The four-bed, detached home, The Hertford caught the eye of many, who proclaimed they ‘loved the layout and design’.

Sales Representative, Sarah Shepherd explained the reasoning behind the Open Weekend: “ The Open Weekends are just one way we make it easier for buyers to get as much help and support as possible when looking for a new home.

It’s not until you speak to the team on-site that you realise there are so many different ways to help you purchase what you’re looking for. We couldn’t be more thrilled with the turnout from this year’s event. It was our busiest yet. The iPad Air prize draw was just part of the excitement on the day and so we would like to take this opportunity to congratulate Jayne on being the lucky winner.”

Jayne said, “I’m absolutely elated to have won. I’ve never won anything. I’ve actually been looking at buying an iPad recently. I thought I might treat my self but luckily I didn’t. It couldn’t have come at a better time. Thank you Peter Ward Homes.”

To view the house types and special summer incentives available at The Manor in Gilberdyke and Habrough Fields in Immingham, visit: www.peterwardhomes.co.uk

A day in the life of a Peter Ward Homes Sales Representative…

The lovely Peter Ward Homes Sales Team.

A few of the hardworking Peter Ward Homes Sales Representatives.

At Peter Ward Homes, we are dedicated to giving you the best guidance and support as possible when it comes to finding and purchasing a new home. Our Sales Representatives are available 7 days a week from 11am – 5pm to help deal with any enquiries you may have. Sarah Shepherd is one of our longest working Sales Representatives at Peter Ward Homes and we caught up with her to chat about what life is like working at Peter Ward Homes.

How long have you worked for Peter Ward Homes?

I’ve been here since 1998 so it will be 17 years this May. It doesn’t feel that long though.

What made you want to be a Sales Representative?

I’ve always worked in this industry. I like meeting people. I’ve only actually been a Sales Representative for Peter Ward Homes because I like the quality of his build. Its important when your selling a property, whether it’s a 2 or a 5 bed, that the quality of the build is good. Buyers get that with a Peter Ward home.

What’s the best thing about working at Peter Ward Homes?

Working for Peter Ward Homes. They are a very good company and very good to their staff. They build a product that you can be very proud to sell. It’s what we believe. I wouldn’t have worked for them for all this time if they weren’t.

What is a typical day like for you? 

It varies really. We open up the show house, check our emails, contact people that have interest in the development and want to be updated. We also show people around the development and explain all about Peter Ward Homes and the properties we have.  It’s all about the customer – satisfying their needs and finding the right property for them.

 How has the job changed over the years?

It’s changed massively because the lenders are more stringent with the process and it’s understandably more difficult to get a mortgage now. But government-backed schemes such as Help to Buy have made a huge difference.

What do people look for the most when buying a home? 

The quality and design of the build. If they didn’t like the quality they wouldn’t buy it. I spoke to a surveyor not long ago who said she had visited our Sandholme Park development, which started back in 2000. She said to me ‘that site still looks as good as it did 10 years ago’. So I think that just goes to show how good the quality of the houses are. And also more importantly they are great value for money.

What advice would you give to a new Sales Rep? 

Always be polite and treat your customer the way you would like to be treated yourself.

 

Sarah is currently handling all enquires at The Manor in Gilberdyke which is open 7 days a week from 11am – 5pm. Site Sales Office: 01430 631100  

5 Top Tips for First Time Buyers!

House and keys

Buying your first home is a huge decision and can seem a daunting prospect. At Peter Ward Homes, we have helped thousands of buyers take the first step onto the property ladder. To help First Time Buyers, we have come up with 5 top tips to help get you started on looking for your new home.

1.  Do your research!

As a First time buyers you need to know as much as you can about the market. Research the area where you are considering buying. What are the facilities like? What about transport links? Check on line or visit the area to get a real idea of what it might be like to live there.

2. Financial support 

Calculate the likely ongoing costs of all things such as heating, lighting, stamp duty etc. before finalising the maximum price you will pay for your first home. Get as much advice as possible on how much you can borrow, what deposit you will need and how much to allow for all the costs. It is best to take this step before you start viewing to ensure you are looking at appropriately priced properties.

3.  Selection 

Know what you are looking for – whether it’s a 2, 3 or 4 bed. Work out what kind of property you need. Who are you catering for? What area do you want to be in? Knowing what you want will make it easier when it comes to looking for your property.

4. Get family/friend advice 

Speak to people who have already been through this process as they will be able to give you advice and guidance. They may point out issues that you may not have considered.

5. Visit a number of show homes 

Make sure to have a good look round a number of potential properties and list the pros and cons of the ones you see. Don’t be swayed by the design of the kitchen etc. the position of the property is the first thing to focus on as it is the one thing that can’t be changed. Also consider the size and layout.

 

Exclusive first look at The Manor show home!

The new show home at The Manor is 4 bed detached home, the Hertford.

The new show home at The Manor is 4 bed detached home, the Hertford.

Have you ever found yourself thinking there’s no place like home? Evenings in front of the TV with your loved ones, long, relaxing bubble baths, sounds like heaven right? Award winning house builder Peter Ward Homes is all about comfort and contentment when it comes to designing houses and tick off all the requirements needed to fulfil the perfect family home.

To add to the excitement of the Open Weekend at The Manor  in Gilberdyke on Saturday 18th and Sunday 19th April , a new show home will be up and running for buyers to get a real insight into a Peter Ward Home. The house up for show is the Hertford, a four bedroomed detached house with integral garage, perfect for large and expanding families or those looking to move up or down the property ladder.

Our show houses are designed to help buyers really visualise living in one of our homes. It’s not until you actually get a taste of what we offer, that you realise a Peter Ward home is a home for life.

The Hertford is just one of many Peter Ward homes that is designed for spacious living. With a generous lounge and expansive kitchen/day room, there is plenty of room for nights in with the whole family. As well as this the kitchen includes the stylish bi-folding doors, a feature designed to bring the outside inside.

In addition to the tour of the show home, Peter Ward Homes is giving buyers the chance to own up to £1500 worth of extra’s under the company’s new Personal Touches scheme. (Available on selected plots only) As well as this anybody reserving a plot, or doing so before the 31st August 2015, will get a free stylish lighting package worth up to £1600. And it doesn’t end there, one lucky individual could be the new owner of a 64GB iPad Air in a free prize draw.

So if you’re looking to purchase a new house, come along to the Open Weekend in April from 10am-5pm where the on site sales team and independent financial advisor will be on hand to help you secure your perfect family home.

 

 

 

 

30th Easter festival – Immingham Golf Club

 

easter-118At Peter Ward Homes, we take great pride in helping out the community where we can which is why we leapt at the chance to contribute towards the Immingham Golf Festival. Every year Immingham Golf Club encourage the involvement of all age groups, genders and abilities, to participate in one of the best and most popular Easter Golf festivals in the UK. To commemorate 30 years of this exciting event, the golf club put on a spectacular 3 day festival bigger and better than previous events.

A large selection of high quality prizes where on offer for the winning teams at each of the 3 days of the festival period including a brand new car, a holiday to Portugal and many more. Participants where able to experience a relaxing day of Golf on the parkland course, followed by a meal in the high quality restaurant served by friendly staff.

As a sponsor of the festival we were able to represent one of the holes in the Texas Scramble that took place on Saturday 4th April. Each hole represented a prize that could only be won if the player scored a hole in one. The Peter Ward Homes hole was worth a tailor-made golf club set but unfortunately no one was lucky enough to score a hole in one.Despite the lack of wins, the festival was a great success and everybody was in great spirits. It just goes  to show, coming together as a community can result in a great celebration.