Yorkshire Bank says a messy neighbour can greatly influence the selling of a house.A survey by the bank finds one in three people would be put off buying a property if the house next door looked in a state of disrepair or had an overgrown garden. A further one in five would turn their noses up at a property that was otherwise perfect if they detected an unusual smell. And 31% would like to buy a home they could move straight into, without the need to have any work done on it. Gary Lumby, head of retail at Yorkshire Bank, says: “When selling their home, most people think of sprucing it up so it looks its best for potential buyers. “But our research shows sellers should try giving their neighbours a nudge to do the same. First impressions really do count.” James Rodea, commercial director at Cluttons, says: “When catering for higher value markets as we are, we know poorly presented houses put people off. There is always a massive reluctance from people when it comes to doing renovations, and from personal experience I know why. But it’s worth it in the end.” But the property being in the right location is still the major factor in selling houses. Rodea adds: “I don’t agree with all of this survey. It’s a huge generalisation. People might even be able to get a better deal if their neighbour’s house is untidy – and they’ll sell it anyway if it’s in the right street.” Paul Finnegan, director of Savills Estate Agents, says: “Things like busy roads, railway lines and being under flight paths put people off. They can prevent potential buyers even viewing a property, let alone liking it. “Being by a fairly busy road could knock 20% off the value, and by a motorway this could be even more.” The looming threat of DIY is also a deterrent when buying properties. However, one in five of those surveyed by the bank say would be keen on buying a house that needed work doing to it in the hope of adding value.
Northern Rock has reduced rates on a large number of its products. In the flexible fixed range, two-year products are now available from 4.49%, three-year products start at 4.59% and five, seven, 10 and 15-year products start at 4.89%. Stepped flexible fixed products now start at 3.49%. All products within the Together range, which allows […]
The Money Centre has appointed four directors to its team. Lynsey Scrivener has been promoted to marketing director, Wayne Kilby to operations director, Dawn Bower to business development director and Bronya Cluer to finance director.Lynsey Scrivener, previously head of marketing and public relations, has been with The Money Centre since 2000. Joining from a local […]
From Mike Fitzgerald The recent Star Letter regarding BM Solutions’ Red icon was interesting to say the least. Priya Shome objected to the fact that the icon of a curvy woman in red has replaced BM Solution’s Alan Cleary as the website mascot. She went on to say BM Solutions is alienating future high performing […]
The Personal Finance Society, the UKs largest professional body for financial advisers, is next month rolling out its fourth quarters regional meeting programme across the country. The workshop sessions will focus on the issues surrounding advising on lifetime mortgages, a topic that is rarely out of the headlines these days.The workshops are being held from […]
This guide from Johnson Fleming will take you through the required communication and also give ideas for additional actions that will ensure your auto-enrolment project is a success. The topics in this guide include: the letters you need to send out; what to send and when; the importance of employee engagement; and what to consider as additional communication.
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