/ Author: SPF

 

It has been a positive start to 2018 so far according to the panel who appeared in January’s radio appearance including MD Pierre Blampied.

Steve Williams from Guernsey Housing Association reported that they managed to move everyone in before Christmas as planned and they hope to have 900 homes in total by the end of 2018. He was delighted to announce a new development which are homes to provide people with Autism a better way of living. The HSC will provide 24/7 care and support and the accommodation also has a sensory gym in the plans. They will also base an out reach service from there and this is a fantastic initiative which they are sure will be successful.

Matt Brouard from Cooper Brouard said that the beginning of January has been quite busy for them due to working over Christmas and completing many house sales in the new year. This time of year is when they see a spike in valuation enquiries.

Pierre was able to talk positively about advanced conversations that are taking place with a potential new lender on the Island. He reiterated that Barclays are able to offer borrowing of 90% loan to value at a fixed rate of 1.99% which is much cheaper than the rates  used to be at this loan to value. He mentioned it has become apparent that it is harder for potential buyers to go into the bank to go through the mortgage process due to the amount of internal compliance and  due diligence that happens now. Brokers provide a much quicker service and know the whole of market so can provide advice on all products available. The customer experience should be far superior than going direct to a lender. Some lenders are providing multiple lending rates of up to 6.5 times your joint income albeit at loan to values below 85%. The average age of purchasing a property has changed with many people being in their late 20’s.

The next interview with Steve, Matt & Pierre will be in February.

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