The Mortgage Shop NI - News

NEW FIRST TIME BUYER MORTGAGE AVAILABLE TODAY WITH ONLY 5% DEPOSIT - 1st June 2010

The first 95% mortgage deal for first time buyers has hit the shelves today in Northern Ireland.

Contact us for further details.

NI CO OWNERSHIP HAVE ANNOUNCED THEIR HIGHEST QUOTA IN A YEAR - 19th April 2010

NICOH have raised their quota of applications to 75 for June 2010 which is the highest it has ever been since they announced the quota system.

No Stamp Duty confirmed for first time buyer properties up to £250,000 - The Chancellor - 24th March 2010

Follow up on the First Time Buyer Info evening at Lisburn Civic Centre - 18th February 2010

Our evening was attended by 88 people who were all looking to make that first step onto the housing ladder. They were able to benefit from free advice from our mortgage advisors, from N.I Co Ownership advisors, local estate agents and local developers in the area. There were also two £100 gift vouchers given away by Creations to help with starting the important job of furnishing your first home. Everyone went away much more informed than when they came and agreed it was an enjoyable informal way to gain further information rather than just surfing the 'net. There were also 2 apartments sold on the night by a local estate agent.

We are planning to run further evenings in different areas in the province so if you are interested please click on the link on our home page and we can register you.

The Mortgage Shop announces First Time Buyer Information Evenings - 20th January 2010

We are hosting a number of information evenings for first time buyers starting with one in Lisburn on the 18th of February. These evenings will be attended by local estate agents displaying their first time buyer properties, local solicitors, NI Co Ownership advisors and ourselves. The aim of the evenings is to provide all the information that someone planning to buy their first home this year will need under one roof and to make contact with various professionals in an informal evening. If you wish to register for one of these events please click on the contact usabove.

Housing Purchases and House Prices still rising despite the Chancellor announcement

In the past few weeks lenders have been putting back up the “open for business” signs in their windows again with the biggest fall in fixed rates since the start of 2009 and the number of first time buyer products at their highest since May. This is unlikely to be affected by the Chancellor’s announcement this week that Stamp Duty Land Tax is being re-instated at the £125,000 level again from January 2010.

This means that any purchases over this amount with incur stamp duty starting at a rate of 1%. This means a minimum of £1,250 is added to the cost of purchasing a house above the value of £125,000. From September 2008 until 31st December 2009 this was charged on purchases above £175,000.

House prices are rising slowly but are still very affordable and with lenders’ criteria easing we hope to continue to see our first time buyer enquiries rising in 2010. It is even more important now that a first time buyer taking their first step onto the housing ladder seeks independent mortgage advice as there are several new deals available for those with 10-20% deposits and these are on the increase

House purchase market share at seven-year high - 12th October 2009

http://www.mortgagestrategy.co.uk/cgi-bin/item.cgi?id=194894&nl=MS_DN&dep=webops&dte=121009

HOUSE PRICES BACK TO "2008 LEVEL" - 2nd October 2009

http://news.bbc.co.uk/1/hi/business/8286028.stm

CO OWNERSHIP QUOTA FOR SEPTEMBER DOWN TO 30 APPLICATIONS ONLY - 26th August 2009

http://www.co-ownership.org/information/home-buyers/quota/

STEADY RISE IN MORTGAGE APPROVALS - BBC News - 25th August 2009

http://news.bbc.co.uk/1/hi/business/8219710.stm

HOUSING MARKET BOOMING AS MORTGAGE APPROVALS SOAR - Daily Express 12th August 2009

http://www.express.co.uk/posts/view/119931/Housing-market-booming-as-mortgage-approvals-soar

HOUSING MARKET CONTINUES ON ROAD TO RECOVERY AS PRICES RISE....AND FAST - Daily Express 6th August 2009

http://www.dailyexpress.co.uk/posts/view/118444/Housing-market-continues-on-road-to-recovery-as-prices-rise-And-fast

HOUSE PRICES RISING, SAYS HALIFAX - BBC Online 5th August 2009

http://news.bbc.co.uk/1/hi/business/8184746.stm

NATIONWIDE CUTS MORTGAGE RATES - The Times 3rd August 2009

click on link below

http://www.timesonline.co.uk/tol/money/property_and_mortgages/article6737290.ece

HOUSE PRICES TO END HIGHER AT THE END OF THE YEAR - The Daily Telegraph 30th July 2009

click on link below to read:

http://www.telegraph.co.uk/finance/economics/houseprices/5938932/House-prices-to-end-higher-at-end-of-year-says-Nationwide.html

DOWNTURN GOOD NEWS FOR FIRST TIME BUYERS - Belfast Telegraph 29th July 2009

click on link below to read:

http://www.belfasttelegraph.co.uk/business/business-news/downturn-good-news-for-firsttime-buyers-14435699.html

CO OWNERSHIP ANNOUNCES DRAW SYSTEM FOR APPLICATIONS QUOTA - 28th JULY 2009

Due to the continued high levels of first time buyer interest in Co Ownership Housing the scheme has announced a draw system for aspiring first time buyers hoping to make the June Co Ownership applications quota.

This draw continues again for the month of August with the total number drawn being only 50 so it is important to get your application in to one of our experienced advisors who can put it all together for you and ensure that it meets all the requirements as this will be crucial. Application forms must be delivered by 5.30 pm on the 4th August to be entered into the draw.