Reeds Rains Property Blog

Property News from Reeds Rains

Keep the Children out of Mischief with these 'Spooktacular' Ideas this Halloween!

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There’s just 1 day until Halloween. Halloween has evolved into a favourite celebration to many with the masses carving pumpkins, trick or treating, attending parties and dressing up.

We have put together some frighteningly fun ideas to keep the children out of mischief.

Arts and Crafts

Half term can be a frighteningly expensive time but all these arts and crafts ideas are made from things you would find lying about in your home. From bin bags to leaves – see what you can create.

Take a look >

Pumpkin Carving

It wouldn’t be Halloween without a Pumpkin! Did you know that Jack- o-lanterns weren’t always pumpkins though, originally people used to carve turnips to mark the occasion!

It is amazing what you can do with a Pumpkin - from a Pumpkin Minion to Spiderman, take a look at these scarily good ideas.

Take a look >

Baking

Halloween is a time for treats, these terrifyingly tasty ideas will keep the children out of trouble.

From Halloween cupcakes to spider biscuits – get baking if you dare!

Take a look >

Costumes

What will you be dressing up as this year? Popular costumes include; witches cats, ghoulies, devils, bats, wicked witches, Dracula, wolves, mummies and skeletons to name a few. Keep the kids occupied (and save some money) by tasking them with making their own!

Take a look >

Movies

Or watch one of these child friendly Halloween movies...

1. Hocus Pocus
2. The Witches
3. Pooh’s Heffalump Halloween Movie
4. E.T
5. Scooby Doo - The Movie

Let us know what you get up to this Halloween on our Facebook page.

First Time Buyer Tracker - October 2014

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First-time buyer sales climb 11% despite wider market slowdown

  • September sees 25,800 first-time buyer completions – up 11% compared to 23,200 a year ago
  • Average first-time buyer deposit falls 8% year-on-year to £26,134, despite purchase prices rising
  • Average first-time buyer deposit now represents 67.6% of annual first-time buyer income – down 12 percentage points year-on-year

The number of first-time buyer house completions in the UK increased year-on-year in September, defying trends of a slowdown in the market, according to the latest First Time Buyer Tracker from Reeds Rains.

There were 25,800 first-time buyer completions in September 2014, 11% more than 23,200 a year ago. New buyers are also paying more for their first home. The average first-time buyer purchase price rose 3% over the same period to £150,950, the fourth consecutive month in which average purchase prices have topped £150,000.

Despite purchase prices rising, the average first-time buyer deposit fell 8% year-on-year from £28,498 twelve months ago to £26,134 in September 2014 – as Help to Buy made higher LTV lending more accessible for borrowers.

At the same time, deposits fell even faster as a proportion of annual income. The average first-time buyer deposit represented 67.6% of annual income in September, 12 percentage points lower than in September 2013.

David Newnes, director of estate agent Reeds Rains, comments: “Help to Buy has helped keep the blood pumping in the first-time buyer market over the last year, allowing borrowers struggling to save for a deposit the financial life support they need to purchase property.

“At the same time, MMR regulations have performed a health check on their finances, ensuring they will be able to withstand a future base rate rise. Lenders have increased the range of higher LTV options available to borrowers, allowing the average first-time buyer deposit to fall even as purchase prices increase.

“But the sands are shifting in the first-time buyer market. Loan-to-income caps announced in June have added further restrictions for lenders to factor in, on top of the tranche of regulations implemented in April. The effect is that lending is tied to wages much more tightly than in the past. Borrowers increasingly have to prove their financial resilience to access the higher LTV deals available. There is more lending, but at the same time it is more responsible and sustainable.”

Read more about the First Time Buyer Tracker - October 2014 here

Reeds Rains Kenilworth support local club and charity

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Local estate agents Reeds Rains in Kenilworth is delighted to have raised £1,260 for Myton Hospice by holding a charity event at the Kenilworth rugby ground.

The event comprised of a three-course lunch before the game, a large raffle with further fund raising extras, the much anticipated rugby game and post-game food and drinks. All the proceeds from the event between Kenilworth and Walsall went to support Myton Hospice.

Myton Hospice provides care for the chronically ill, terminally ill or seriously ill along with attending to their emotional needs.

Branch Manager Nik Kyriacou said: “I am very proud to be able to support such a great charity, one that is very close to the hearts of everyone here at the company.

It’s great to be involved in the community and I am excited to continue to do this in the future with a commitment from Reeds Rains to sponsor Kenilworth Rugby Team for the season ahead.”

If you would like to find out how Reeds Rains can help you buy or sell your property then visit the Kenilworth Branch at  24 Warwick Rd, Kenilworth, Warwickshire CV8 1HEor call 01926 857646(*) for more information.

(*) Calls may be recorded and/or monitored for training and/or monitoring purposes.

Buy-to-Let Index - September 2014

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Rents hit fresh record despite sharp slowdown in annual rises

  • New all-time record high of £768 per month for average residential rents across England & Wales
  • Comes despite slower rent rises of just 1.5% in year to September, down from 2.4% in year to August
  • Tenant finances improve with only 7.2% of all rent in arrears, falling from 8.5% in September last year
  • House price rises take landlords’ gross returns to record 13.4% before mortgage or maintenance costs.

Rents have edged to a new all-time record, at a slowing annual rate of just 1.5%, according to the latest Buy-to-Let Index from the UK’s largest lettings agent networks, Your Move and Reeds Rains.

Residential rents across England and Wales now average £768 per month, or £10 higher than in September 2013.

On a monthly basis September’s average rents are 0.8% higher than in August, representing a rise of £7 in absolute terms since the previous month.

Annual growth has slowed dramatically since August, when rents were 2.4% higher than a year before – rising just 1.5% over the twelve months ending September 2014.

David Newnes, director of estate agent Reeds Rains, comments: “Historically rent rises have broadly tracked inflation.  And as the wider cost of living grows ever more slowly, so too has the cost of renting a home.

That said, autumn is always a busy period for the lettings industry, and this has been no exception.  Looking ahead, it is likely that rents in most parts of the UK will have now reached their seasonal peak – so as the market cools along with the autumn weather there may be opportunities for some tenants to pick up a favourable deal."

Read more about the Buy-to-Let Index September 2014 here 

Thank you Reeds Rains

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‘Thank you’ for the dedicated service

Sam Rudd, a Negotiator at Reeds Rains in Hazel Grove was touched by the gesture of kindness by her vendor who made Reeds Rains cakes to say ‘thank you’ for the dedicated service she had received from Sam and the team at the branch.  

Sam successfully overcame various stumbling blocks to make the process of selling the vendors house more straightforward.

Branch Manager Jon Piper says: “Sam took a genuine interest in her customer and always delivered what she said she would do. Throughout the sale, Sam kept her client up to date along the way and gave clear direction when talking to the solicitors. The way Sam worked is a great example of creating a seamless customer service to help her customer achieve their dream home.”

If you would like to find out how Reeds Rains can help you buy or sell a property then visit the Hazel Grove branch at 159 London Road, Hazel Grove, Stockport, SK7 4HH or call 0161 4837016 (*) for more information or alternatively access other branch details via the website.

  
Hazel Grove staff and Sam Rudd, second from the right.

(*)Calls may be recorded for training and/or monitoring purposes.

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