Reeds Rains Property Blog

Property News from Reeds Rains

Eloise donates hair to make wonderful wig


BRAVE... Eloise Jefferies 

The generosity of one brave youngster has raised hundreds for children's cancer charity The little Princess Trust. Eight year old Eloise Jefferies had 15 inches of hair cut which she donated to make a wig for the Little Princess Trust.

Reeds Rains Estate Agents in Bedworth has supported Eloise by making donations and provided the venue where she had her luscious golden locks chopped off in front of family and friends.

Eloise’s dad, Phil Jefferies, Branch Manager at Reeds Rains in Bedworth, said: "We are very proud of her; she came up with the hair cut by herself, after hearing about it from a friend at school. She is chuffed she has been able to donate the hair to the charity, but she was a bit nervous at first as she had to have eight or nine inches cut off. She looks totally different and a lot older.”

The majority of the money was donated by friends, family and Reeds Rains staff who raised around £400 for the charity which will also help pay for the creation of more hair pieces. 

For more information about Reeds Rains in Bedworth visit the website or call into the branch at Reeds Rains Bedworth 52/54 King Street, Bedworth, Nuneaton CV12 8JQ

Paul LEFT, RIGHT GOODNIGHT Whittaker wants to ‘Knock Out’ Cancer


Above - In the blue corner, Paul Whittaker Branch Manager, Bolton.

Local estate agent Reeds Rains, based in Bolton has supported Branch Manager Paul Whittaker on his charity drive to ‘Knock Out’ Cancer.

Paul LEFT, RIGHT GOODNIGHT Whittaker has taken part in a white collar charity boxing event to raise money for Cancer Research UK. The Ultra White Collar Boxing event was held in Manchester and presented a unique opportunity for people with no boxing background to experience the world of boxing, in a safe and enjoyable environment, along with raising money for a worthy cause.

To prepare Paul for this intense task, he was given 8 weeks of intense training from ex-professional boxers and trainers which taught him the techniques needed for his fight. His training regime put Paul through very tough programmes to put him in the fittest condition ready for his match.

Paul says: “It is a cause very close to my heart as I've lost several family members to this horrible curse and I want to ‘Knock Out’ cancer.” Paul has currently raised £1976.25 and you can find out more details about contributing to his cause by visiting his Just Giving page.

Fore more information about Reeds Rains in Bolton visit the website or call into the branch at Reeds Rains Bolton, 100-102 Bradshawgate, Bolton, BL1 1QJ

House Price Index - August 2014


Mind the gap: London and South East skew average house prices by record £89,000

  • Overall average house price now £274,302 – but only £185,496 omitting London and the South East
  • Represents the biggest price disparity since 1995 due to cooling house prices in regions
  • Slowdown outside of London and the South East as annual rise drops to 4.3%
  • Contrasts with average house price growth of 10.7% in past year across all of England & Wales

David Newnes, director of Reeds Rains estate agents, comments: “A game of two halves is being played out in the UK property market. In terms of average house price growth, a gap has developed between the South East corner and the rest of the country. If we exclude the key players of London and the South East from the game, a whole different playing field is revealed.

“House prices across the remaining parts of England and Wales have only increased 4.3% in the past year, or less than half of the overall measure of 10.7% when we include London and the South East. In absolute terms the difference would seem to add £88,806 to the average price tag for a home across England and Wales – the highest absolute difference since 1995.

“This obscures cooler prices in much of the country. Further afield, it is critical that support mechanisms like Help to Buy aren’t dismantled. In July, house price growth slowed across all regions except for London, the South East and East Anglia. While these three regions continue to set new house price highs, the rest of the country is nowhere near these levels of growth.

“Compared to the nadir of 2008-2012, activity in the housing market has improved, but is not completely out of the woods yet, and still needs to recapture some of the vitality of its pre-recession health.

“There is also much more to be said beyond the headlines for London. The annual rate of growth in London house prices is the fastest witnessed since 2000. Most recently we’re seeing asking prices in the capital start to be reined in, which will apply the brakes on annual house price inflation as the market steadies.

 “What’s happening in London may be eye-catching, but it is akin to looking through a kaleidoscope – and skews any view of the current total housing landscape. Peeling back the regional layers gives a much more informed view of the core reality of the current housing market. With evidence of London starting to cool off after strong growth earlier in the year, it is critical that the underlying momentum that has stimulated much needed increased volume in the rest of the market is allowed freedom to keep moving, whilst any price rises are kept steady and under control.”

Read more about the House Price Index - August 2014 here

Mortgage Monitor August 2014



House purchase approvals fall 5% in August

As holiday season causes a summer slowdown from July

  • Monthly house purchase approvals fall 4.6% from July to 63,485 in August
  • Higher LTV lending forming greatest proportion (18%) of house purchase approvals since 2008
  • Higher LTV lending growing 51% year-on-year with 11,300 higher LTV loans in August
  • North West and Yorkshire & Humber home to highest proportion of higher LTV loans – areas where Help to Buy is also needed most

House purchase approvals slipped 5% in August, as the mortgage market slowed down for summer, according to the latest Mortgage Monitor from e.surv, the UK’s largest chartered surveyor.

There were 63,485 house purchase approvals in August, 4.6% lower than 66,569 approvals in July. It was the second consecutive month in which house purchase approvals declined as the holiday season temporarily slowed the lending recovery. Since the start of June, monthly house purchase approvals have fallen 5.4%.

However, a recovery in monthly approvals in June suggests that the recent fall is down to the holiday season, rather than an impact of new regulation. MMR was introduced on 26thApril 2014, and after a slight fall in lending in its pilot month, house purchase approvals increased 8.4% between May and June.

On an annual basis, house purchase approvals increased by 0.3% annually, from 63,293 in August 2013.

Richard Sexton, director of e.surv chartered surveyors, explains: “The summer holiday season has temporarily slowed the mortgage market, as home-movers hang up their property search in exchange for buckets and spades.

But this is a seasonal stagnation rather than a sign of a more permanent decline. The new MMR regulations have been fully absorbed into the mortgage application process, the backlog of applications they temporarily caused has all been cleared away, and now the mortgage market is in full health moving forwards.

“As the seasons change and we move into autumn, we are already anticipating that mortgage approvals will bounce back upwards. Lenders are signalling a desire to pump up lending volume towards the tail end of the year, and there is still a whole host of buyers desperate to get onto the housing ladder, particularly at the bottom of the market.”

Read the full Mortgage Monitor release here

Ex professional football player Julian Dowe joins Reeds Rains to support local football club


Above: Brooklands Dragons JFC which Reeds Rains sponsors and Julian Dowe (centre back) and Branch Manager Phil Robinson

Reeds Rains estate agents has announced its support of the local football team, Brooklands Dragons JFC by officially sponsoring their new kit which it celebrated by welcoming ex professional footballer Julian Dowe back to the Club in Timperley where he gained valuable experience in the early stages of his career playing against them.

The sponsorship is part of Reeds Rains drive to support the local community and create greater links with it and saw this as a great opportunity to welcome Julian back to the league where he started his career.

Julian Dowe broke many goal scoring records as a teenager which led him to be signed up by Everton FC and from there went on to play for Manchester City who offered him a professional contract while he was still in school. His career developed further when, at the age of 16, made his debut for Wigan Athletic FC against Manchester United which saw him face Paul Ince and David Beckham. His success grew as he became the youngest British player to sign a professional contract in Spain when he joined CA Marbella as an 18 year old. 

Julian explains: “It feels great to come back to where I played when I was growing up. The Timperley and District Junior Football League which Brooklands Dragons JFC is part of are excellent at developing young players. During my time here I gained lots of valuable experience helping prepare me for my time playing professional football both here and abroad. It’s great that Reeds Rains has offered this support to the team, their role is vital to the growth of grassroots football.” Julian has also started a free online resource to help the grassroots game, it features contribution from some of the world’s top players and coaches.

Phil Robinson, branch manager for Reeds Rains in Sale adds: “We are delighted to be able to offer support to the local team and invite Julian along to share his experiences and inspire the young players as we launch the new kit. The team looks fantastic and as a proud resident in Sale and Timperley all my life I feel proud that we are able to support the Brooklands Dragons in this way.”  




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