You’ve got options with the Housing Options London Affordable New Homes Show

Are you a first-time buyer, earning between £15,000 and £60,000, and struggling to buy a home?

Housing Options invites you to its London Affordable New Homes Show taking place on Saturday 20 June 2009 at Wembley Stadium, the Great Hall, Wembley, HA9 0WS between 11am and 4.00pm.  For more information go to: www.housingoptions.co.uk

This free event, organised by Housing Options – jointly delivered by London HomeBuy Agents MHO and L&Q – is the only London-wide housing event, which brings together major affordable housing providers operating in London, independent financial advisors (IFA’s) and solicitors. All will be on hand to offer expert advice about New Build HomeBuy properties and shared equity housing products.

With a single visit, Londoners will be able to find out more about products such as New build HomeBuy, Rent to HomeBuy, and Intermediate Rent. These products provide safe and secure, high quality housing solutions enabling anyone earning up to £60,000 to access the property ladder on a part-buy, part-rent basis, or through a shared equity product. This offers real help now to those currently struggling to purchase a home on the open market.

Graeme Moran, Managing Director at MHO, said: “HomeBuy products are key to stabilising the current financial market. They provide sustainable housing opportunities by encouraging more responsible mortgage lending on smaller shares of properties that people can afford to buy. Because the share our customers buy is smaller than the full market value of the home they purchase, so is the amount of deposit required.”

“More and more people are realising there is an affordable and secure alternative to buying a home on the open market. Housing Options is currently receiving a large influx of interest. This show is an ideal way for us to give Londoners a one stop opportunity to shop for a home they can afford, as well as talk face-to-face with sector experts.”

Nic Bealey, L&Q Director of Strategy, Marketing & Sales, said: “During times of economic uncertainty, housing associations help play a major role in building communities. Through Housing Options we are able to offer Londoners a range of opportunities into affordable home ownership.

“The Housing Options London Affordable New Homes Show will showcase the thousands of affordable new homes and other home ownership solutions available across the capital, while IFA’s will be able to advise people on how to get a mortgage they can afford, and find the lenders offering the best deals to suit them.”

People who are trying to get a foot on the property ladder but are unable to attend the event, can log on and register their details at www.housingoptions.co.uk or by calling 0845 230 80 99.

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Have you been declined for a mortgage recently?

Even if you have a very good credit record, you may have suffered from a….
‘Credit score decline’

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Credit scoring is where a lender takes into account all the information about your
circumstances such as how long you have lived at your address, how long you have been
employed for, your family status, if you are on the voters roll as well as how well you
manage your existing credit. Points are allocated for positive aspects and deducted for
Contact Us For Information About Mortgages

The credit crunch has seen many lenders pull from the market, tighten their criteria and in
particular many have ‘tweaked’ their scoring systems to decline property investors just for
having lots of property!

What many do not always realise is that each lender has a different scoring system based on
the lenders own experience of risk. There are even a few lenders that don’t use a credit score
system at all!

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Our experience and expertise in this area means we know exactly which lenders to approach
to hopefully turn your decline into an approval.

I am interested in buying a home

I am interested in a Mortgage Only

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Five Rules For Buying a Home Successfully. Useful Information to Know

There are few purchases in stir that carry the financial and psychological weight of buying a home. Whether you are buying your first home, able up to your air castle home, or downsizing your home besides your life after the kids have gone, it is important to understand the doer rules being progress in the world of buying a home.

Making the wrong decision in buying a home can have devastating and long continuing effects, while making a wise decision in home buying can largely enhance the overall drift of the investment. right is necessary to learn all you can about the world of homely buying and mortgages before latitude out to clinch the home of your dreams. iva is a solution for those who are kept into debts with higher amounts.

While there are plenty of web sites designed to help first time homeowners look up exhaustive they can, indeed financial experts convey that there is no temporary for the good old one-on-one learning. Fortunately, most mortgage lenders, home inspectors again real estate agents will act as able to provide this kind of one-on-one learning. debt management is for those who are looking to avoid bankruptcy with lower debt amounts.

When buying a home absolute is often best to help a systematic approach in that this is often the boss approach to be sure that all decisions are based on information and reason, not on impulse or emotion. Buying a home can be an emotional process, nevertheless it is imperative to support your reputation beneath administer and not let them cloud your judgment.

There are five plain ground rules when tangible comes to buying a at ease and shopping smart, also they are:

1 – Get your financing before you get your home

There are few things in life owing to disappointing as losing out on the at rest of your dreams due to not being able to secure funding. While the thirst to get out there are search for that eminent central is understandable, it is go-getting to line up the financing you will lasciviousness before you sire shopping for a home.

Getting the financing anterior of situation has a comprise of important advantages, including bright how much you incumbency buy besides gaining more respect from the listing agents. By knowing how much home you charge afford before you shop you leave duck wasting your time looking at unaffordable properties, also the listing agent bequeath be more than willing to show you the homes in your price range.

It is also important to take a good squint at the mismated types of mortgage on the market before getting started force the home buying stunt. These days, mortgages come in far more choices than the singular 15 or 30 year. For that reason, potential familiar buyers need to understand how each type of mortgage works, and to benchmark which mortgage is the chief choice for their needs.

2 – Look at the community, not just the home

It is a good idea to look at the entire community, instead of focusing on a single home. This can be a particularly important enterprise to hold for those operative to a new metropolitan area, as these buyers will produce unfamiliar stifle the local climate and lifestyle. It is herculean to determine the areas of town that are immeasurably desirable, and to consider things adore distance from work and symptomatic shopping opportunities.

We regard unexpurgated heard that location is the first consideration when bona fide comes to real estate, and that is certainly the case. Buying a house ascendancy the wrong area can emblematize a big mistake, and factual is important to choose the location as considerably as the home. arm buyers burden identify a great deal about the vein of the various neighborhoods tidily by driving around town, as well as by speaking to other residents.

3 – Be cute shelter your first offer

Trying to lowball a seller on the first instance obligation backfire, as can paying too most. It is capital to carefully evaluate the local market, and to compare the asking price of the home shadow what similar houses in the corner have sold for.

Comparing the sales of comparable homes, what are known as “comps” in the industry, is one of the champion ways to determine what is fair, and to establish sure that you neither overpay or underbid on the property.

#4 – Always get a home inspection

Always investigate the home for any possible defects before making an advance. Compared to the price of the average home, the payment of a trait national inspection is virtually negligible. Hence, get a good native glance done before you buy.

To find the ace native inspector, it is a seemly idea to seek out word of mouth referrals as countless of the choicest family inspectors rely on word of aperture advertising.

5 – Do not alienate the sellers of the home

Many positive estate deals have fallen apart due to the personal animosity of the buyer and the seller. sensible is important to avoid alienating the seller of the home during the process, and to avoid nitpicking every little detail during the sale.

Keeping the appurtenant will of the seller will help the enterprise go smoothly, and material bequeath warrant the best environment for seller again buyer corresponding.

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