95% Mortgages Available for First Time Buyers

Buy for a lower monthly Cost than renting without having to have tens of thousands of pounds of deposit saved.

In an exclusive deal with a leading Building Society, Manchester Estate Agents Thornley Groves have access to a substantial fund set aside specifically for First Time Buyers aged 25 years and older to be used on purchases of between £125,000 and £250,000.

Jason Watkin, Operations Director of Thornley Groves Estate Agents which has 8 offices across Manchester City Centre and South Manchester, including prime First Time Buyer territories such as Sale, Urmston, Salford, Altrincham and Manchester’s trendy Northern Quarter, confirmed that for the last few years First Time Buyers have been prevented from getting on to the housing ladder by the strict criteria adopted by most lenders where buyers need to have circa 25% saved as a deposit before lenders will even look at their application.

Jason commented that Sales volumes  in Manchester City Centre and the suburbs have picked up noticeably year on year, sales in the city centre are running at twice the level of this time last year, mainly due to a reduction in prices and the fact that the market has clearly stabilised, another factor is that the cost of renting has increased dramatically during the last year as fewer new build properties have been built and sold to investors and many tenants are choosing to renew their existing lease as they’ve been unable to buy, this creates a shortage of supply and has fuelled huge rises in rental values. Buying now, even after factoring in the prospect of interest rate rises is substantially cheaper than renting.

It’s easily possible to buy a property and pay less in mortgage payments than you would if you were renting the same property, the barrier until now was that most buyers didn’t have access to a £30k plus deposit, but now with this particular mortgage deal first time buyers with a deposit of just six or seven thousand pounds buyers can get on the ladder.

Anybody interested in learning more about this amazing opportunity to fund a property purchase for a lower monthly cost than renting  should in the first instance contact Chris Collins at Thornley Groves Chris.collins@thornleygroves.co.uk or 0161 905 0207

This review of Manchester Estate Agent, Thornley Groves, was recently sent to the Manager of the Salford City Branch to thank them for their service.

People are so often quick to complain and criticise but we also love to hear when our service has hit the mark, as in this instance:

“Hi Jonathan – we wanted to write to the Management of the Company to express our gratitude to Stacey for achieving the impossible for us and for the wonderful service we received from Thornley Groves.

After meeting with six estate agents, we knew we hadn’t found ‘our guy’ or ‘our gal’; the one person who would go that extra mile for us. We had a tight timeline to find the most wonderful flat we could afford in Manchester after arriving in the UK unexpectedly from Libya due to the war. We knew nobody and the only tool we had was a map of the city. When Stacey responded to our email she informed us of a property that suited all our needs so we met her at the building hoping to see something great after viewing two units that were disasters with another firm.

The first unit we viewed wasn’t suitable but while there she received calls from the office and set up two more viewings for us which was great because we were only in the city for the day. Immediately we were impressed by her proactive approach and realized we had found ‘our gal’. When her colleague showed up with a vehicle because it had started to rain we knew we wanted to rent a flat from Stacey and Thornley Groves. She was enthusiastic, explained everything clearly, solved some problems that arose and gave us time to discuss things since we were really rushed. Her efforts helped us find a beautiful place to live and a new beginning which we are truly grateful for.

We would certainly recommend Stacey and Thornley Groves to anyone looking for excellent service and product in the UK property market.”

Susan and Rob S

If, as is widely predicted, the Chancellor of the Exchequer Alistair Darling scraps stamp duty for all First Time Buyers spending up to £250,000 today, then Thornley Groves Estate Agents have one of the widest selections of properties available in your area.

As at this morning we have 389 properties For Sale priced at or below £250,000, all of which would be exempt from stamp duty for first time buyers, if the measure is introduced in today’s budget.

Search for your perfect Stamp Duty exempt property here www.thornleygroves.co.uk/search-buy   or click search to buy above.