30 Clilheroe Advertiser &Times, Thursday, January 25th,2007


propertvtoday.co.iik


Clilheroe 422324 (Editorial), 422323 (Advertising), Burnley 422331 (Classified)


www.clitheroetoday.co.uk


Clitheroe Advertiser &Times, Thursday, January 25th, 2007 31 Overwhelming response to online e-petition i * 3 f — f t ' iA-w-


L c d d t - ...onyour doorstep


E S T A T E A G E N T S &mAS&


5 Bed Semi-Det Home set within one the most sought after loc in Clitheroe. With approx 2626 sq f t over 3 firs the size & potential on offer is Impress. Porch. Hall, Lnge, Games Rm, Kit, Dinrm, Util 6 Cks. FF: Mast Bed with Es Shwr, Beds 2,3 & 4 with Fam Bath. Attic; Bed 5, Store/potential Bed 6, under eaves storage


PARJ<DALE


Spac and with potential to extend. Subst 3 Bed Semi- Det home with a lot to offer. In sought after area, presents impressive living accomm. GF: Hall, Lnge, Din Rm, Kit, Utility & Conserv. FF: 3 Beds and Family Bathrm. With an attached gge. driveway with ample' okq and sionlficant adns


22 SOMERSET AVENUE m i


Mod 3 Bed Mid Town hse finished with quality and style. Ground Floor: Lnge, Din Kit. Clks. First Fir: 3 Bedrms, Bathrm. Gdn to front, external enclosed porch & rear garden with raised decking and steps to down to a gravelled patio' area. Single det gge to rear. Gas CH, uPVC DG. View early.


2 BRIDGE COURT m


This 2 bed semi is a true delight with stylish well pre­ sented accommodation. Ground Floor, Lounge and Dining Kitchen. First Floor: 2 Bedrooms and Bathroom. A super garden to rear, pri­ vate parking for 2 cars to front & set in a peaceful cul-de-sac. A must view property providing a ready to move into home with a realistic asking price.


3 OAK CLOSE


Wonderfully spacious 5 Bed Detached Home offers ideal family living. Hall, Cloaks! Study, Lounge, Dining Rm, Breakfast Kitchen, Utility, & Conservatory. First Floor: Master Bed with Dressing Rm & En-suite, Bed 2 with En-suite, Bedrooms 3.4 & 5. Bathroom and Library. 2 car Garage, parking and garden to fro nt plus a generously sized lawn to rear


28 PENDLE DRIVE


A unique opportunity to acquire an outstanding 3/4 Bedroom End Terraced Home. This home has char­ acter and individuality. GF: Entrance hallway. Kitchen, Dining Room and Lounge. FF: 3 Bedrooms plus Study . Area/Bedroom 4 and a Large Family Bathroom. Cellar. Attractive enclosed courtyard garden, single garage. Viewing essential.


THE OLD CO-OP


A traditional garden front­ ed 3 Bed Semi with good- sized accommodation. Ground Floor: Entrance Hall, Cloaks, Lounge. Dining Room and Kitchen. First Floor: 3 Bedrms & Bathrm. Easily maintained front gar-, den, driveway to side with ample parking, single det Garage. A good sized pri-, vate rear garden mainly laid to lawn. No chain


18 HENTHORN ROAD


A spacious 2 bed garden fronted mid terrace set within the village o f Barrow & enjoying open country­ side to the rear. GF: Hall. Inge, dining rm, kitchen. FF: 2 bedrms & bdthrm. Good size private rear yard. With plenty of scope for improve­ ment this is the ideal chance to make your own mark. View to appreciate.


5 CHORLTON TERRACE


» O S : B A t D E S ^ T 0 N « ^ Deceptively spac 3 bed mid*


terraced cottage. Well pre* sented accomm comp: Porch. Dining Lounge, Kitchen and Utility. First Floor: 3 Beds & a Family


' m


t Bathrm. Attractive private enclosed paved gdn with a delightful open aspect. Pkg for 2 cars to the front. Close to the national motorway network, this delightful cot­ tage has a lot to offer


xage nas a loi lo oner


2 OSBALDESTON LANE 4^* •


y ^


A fabulously spac 3 Bed Bay' Fronted Mid-Terrace. Ground Floor: Lounge, Din Rm, Kitchen First Floor: Master Bed and Bed 2, plus Family Bathrm. Attic: A ver­ satile Attic Rm, could used as a 3rd Bed/Study. Attractive front gdn & sur­ prisingly generous private enclosed courtyard to rear. A much sought after loc


43 PIMLICO ROAD


Immaculately presented 2 Bed Garden Fronted Mid- Terrace offers a superb ready to move into home. Ground Floor: Hallway, Lounge, Dining Room, and Kitchen. First Floor: Bedrooms 1 & 2, Bathroom. Attic: Attic Room with velux skylight. Single garage to rear &a private enclosed Indian stone paved yard.


124 WOONE LANE


Conveniently sit close to Clitheroe town centre this delightful garden fronted 2 Bed Mid-Terr has lots of appeal and the following living accom. GF: Vest. Hallway. Lnge, Din Rm, & Kit. FF 2 Beds & Fam Bathrm withasepdble size shwr enclosure. Priv end rear yard & gdn area. GCH &


upvc DG, definitely one to view.


60 CHATBURN ROAD i


Substantial immaculately presented 4 bed garden fronted mid terrace offering spacious accommodation. Entrance hall. Lounge. Dining Room, Kitchen. Bedrooms 1,2 & 3 plus Bathroom. Attic: Bedroom 4. Single garage to rear, plus a store, currently hous­ ing laundry appliances. Ready to move into.


35 CASTLE VIEW A delightful 2 bedroom gar- E .-■--'O' pVtlV:


J den fronted mid terraced cottage in sought after vil-


lage o f Sabden. Stunning views over open countryside to rear plus a good sized garden this charming cot­ tage. GF: lounge & kitchen.


^ FF: 2 bedrooms and bath­ room. GCH, DG, good sized enclosed rear yard. Early viewing is recommended.


f'v »\,omo £i35,o;^-; ^ ' --


77 WHALLEY ROAD ' SABDEN


oo,,, i t« ^31^’ » l i r a H E R O E ^ ^ » |


Briercliffe is a substantial 3 bedroom detached home in extensive private gardens with open countryside to the rear. Spacious living accomm. GF: hall, living room, dining room, kitchen & conservatory. FF: 3 bed-


^ rooms plus bathroom. A wealth o f original charm


...... ■ ■ < ny pome. —


and character. An ideal fam­ ily home.


\ BRIERCLIFFE, SALTHILL ROAiy


AN ONLINE “e-petition” launched by the National Asso­ ciation of Estate Agents (NAEA) against Home Infor­ mation Packs (HIPs) has received an overwhelming response, having attracted more than 2,500 signatures


just 24 hours after being announced. With estate agents demon­ strating strong feeling against the current HIP proposals, which are due to come into effect on June 1 St this year, the NAEA is now asking con­ sumers to give their backing to the petition. Registered on the 10 Down­


ing Street website, the e-peti- tion urges the Government to accept the NAEA’s concerns


about the Home Information Pack legislation and the likely effect on the housing market and the economy. The Associa­ tion calls for the relevant sec­ tion of the Housing Act to be repealed and asks the Govern­ ment to discuss more relevant ways of improving the house buying and selling process. With over 2,500 respondents


the NAEA petition is already ranked 26th out of 1,910 on the 10 Downing Street website in terms of the number of signa­ tures collected and is climbing rapidly. Peter Bolton King, Chief


Executive at the association, said: “Ultimately we are all working towards the same goal: the improvement of the


be dealt with outside of HIPs. • The voluntary nature of


home buying and selling process. ‘The Government’s current


plans for HIPs, however, will not achieve this” . Problems with the proposals as they stand have been apparent for some time now. Concerns are shared by a number of other respected bodies, including The Law Society, the RICS and the CML, and yet the Govern­ ment is intent on not listening to the sound advice on offer. ‘We ask the public to help us


get the Home Information Pack’s repealed so that we can find a real solution to improving


property buying and selling in the UK.” The NAEA’s concerns over


the HIP plans are as follows: • The lack of ability to mar­


ket a property without a HIP will reduce the supply of hous­ es available and lead to addi­ tional house price inflation. O There is already evidence


that the Land Registry’s e-con­ veyancing proposals will speed up the home buying and selling process, making HIPs redun­ dant in this area. • Energy performance cer­


tificates are the only part that will add value and can easily


the Home Condition Report will create an uneven playing field in the market. • Without a legal summary


explaining the legal elements of the pack, the consumer will in fact be disadvantaged rather than advantaged. What HIPs mean for you: • As a seller, you are likely


to have to pay an estimated £300 to £400 for a Home Infor­ mation Pack on an average property, or an estimated £650 to £800 if you choose a Pack with a Home Condition Report. Larger or more expensive properties are likely to be above these figures. 0 As a seller, you will not be


Agent's Premier mag


ESTATE agency anderton i bosonnet has taken a leap


nto the world of glossy mag­ azines.The Ribble Valley agency, with offices in Clitheroe and t Whalley, has recently acquired


ensure that the support we offer i to home buyers and sellers alike


s as comprehensive as it can be. t “The residential market con­


einues to remain healthy. With


ihe first copies of “Premier Liv­ hng with anderton bosonnet’’


ot off the press. p The 36-page publication is


eacked with hints for homebuy- vrs, tips for maximising the ualue of your home - for most of ps our largest financial asset, aroperty news, advice on buying and selling, as well as features on wert and a competition to win a Fekend break.


ot topic - Home Information won (pictured): “We are thrilled


very single county in Britain now having an average property t price of more than £100,000 and


he national average close to £200,000, there is no immediate sign of any dramatic slowdown. r This is despite recent interest


ahan perhaps last year but there lookre still many buyers out there


cov ree to clients, but with a m er price of £2 otherwise, the a agazine has a market overview hnd the latest on the property


Packs (HIPs). t Said partner Russell Ander­ mith the reaction to our new


e agazine. By combining the mditorially rich content of our n agazine with our property


e added: “It’s more impor­ sre provided with a full range of


ate rises.“The rate raise will undoubt­ tedly result in slower growth ing for property in the high­ Vally desirable areas of the Ribble


ime as possible and with the . minimum of stress.”


ews website, we continue to Whalley offices.


tant than ever to ensure that a home owners thinking of selling t upport and advice .to achieve


Hley and Forest of Bowland.”


the highest price, in as short a l You can pick up a copy of the.


zinatest anderton bosonnet maga­ e free from their Chtheroe or Mortgage Talk: Buy to let advice , /


In an outstanding loc within the village of Sabden this 2 Bed mid terr home is prime fo r refurb. With generously proportioned living accom. GF. Hall, Inge, din rm, kitch. FF: 2 beds & bathrm, Enclosed rr yard with w.c. & additional storerm. If you are looking for a property with potential don't hesi- . tate to view.


8 PENDLE STREET WEST „ K e y ,e s ' H o u s e / C h u r c h S t r e e t ; C l i t i y e Y o e ; j n f d @ p ^ - rightmove.


ANDREW FRANKISH, Man­ aging Director at national mortgage broker MORT­ GAGE TALK addresses some common buy to let questions.


What size deposit required? Generally, most buy to let lenders require a 15% deposit, although some lenders will now accept 13% (Northern Rock) or 11% (GMAC RFC). The trade off is that they generally charge a high­ er interest rate or larger arrangement fee to offset the lower deposit require­


ment. The size of the rental income from the


property will also affect the size of deposit. If only a low rental income is achievable, a bigger deposit may be required, although this will vary from


lender to lender. Do I have to have a mortgage


already? Most buy to let lenders will not accept First Time Buyers - in other words someone who does not already own a property either with or without a mort­ gage. However, one of the biggest buy to let lenders - Mortgage Express - is happy to do so.


Do I have to prove my income and is there a minimum level of income required? BM Solutions, GMAC RFC and Mort­ gage Express do not generally need any proof of income, as the rental income stated on the application is more important to them. However, other lenders like Northern Rock do require proof of income above a Loan to Valuation ratio of 75%. -Some lenders have a minimum income


requirement of £10,000, although GMAC RFC has no such criterion, as long'as the clients are already home- owners, or at the very least named on a residential mortgage.


What does the rental income have to be? This very much depends on the lender and the scheme that you choose. For example, GMAC RFC works on the Mortgage Amount x Bank Base Rate+1% /1 2 x100, 110 or 125% dependant on deal taken. As a rule, the arrangement fee is higher for the more lenient rental assessments. As ever, I would strongly suggest that you speak with a mortgage adviser who can help you to calculate this.


Some current best deals Best two-year fixed rate buy to let -


Northern Rock, at 5.19% until Novem­ ber 1st, 2008. There is an arrangement fee of £637.50 which is added to the mortgage, plus an up-front valuation fee.of£425. th e borrower would need to earn


and prove income at £25,000 or more, and the rental income would need to be £407 per month, based on a property valued at £100,000 and borrowing £85,000. Best two-year buy to let track­ er - BM Solutions, at Bank Base Rate plus 0.49%, currently 5.24%. There is an arrangement tee £699 which is added to the loan, plus an up-front val­ uation tee of £315, refunded after com­ pletion. The borrower would need to earn £10,000 without any proof of income, while the rental income would need to be £487 per month, based on a property at £100,000, and borrowing of £85,000.


P r e r r i i0 F - t iV * ....


'i - "-'Ml


allowed to market your proper­ ty for sale until the HIP is com­ pleted, or until 14 days have passed, meaning a delay at the beginning of the process. ■0 All properties being mar­


keted for sale will require a HIP, meaning you will have to pay for one even if you put your property on the market “just to see” and then decide to lake it off again 0 Without a mandatory


Home Condition Report and with no explanation of legal documents and terms, the pack will be difficult to under­ stand and of little general use to buyers. To sign up to the NAEA peti­


tion, please visit thttp://peti- tions.pm.gov.uk/repealofHIPs/


Advice on offer for flood risk properties


FOLLOWING the issue of more than 40 flood warnings across the country by the Environment Agency this month, the National Associa­ tion of Estate Agents (NAEA) is offering advice lo anyone considering buying property in a flood risk area. Currently, around 10% of


the UK population lives in a flood risk area. Peter Bolton King, Chief Executive at the NAEA, said: “Being in a flood risk area does not necessarily mean your home will be flood­ ed. There are many contribut­ ing factors that all need to occur at the same time, and sometimes this might happen only once every 50 years or so. You can check an area’s flood risk through the Envi­ ronment Agency, which has created a map to give an overall assessment of the risks to homes from swollen rivers and coastal areas prone to flooding. ‘The data has given devel­


opers, home buyers and insurers a better understand­ ing of the risks attached to specific properties and flood prone areas. “The flood map takes into


account whether houses are low, moderate or high risk. Commonly, flood insurance cover is provided as normal for the first two categories. “However, it you reside in a


‘significant risk’ area you may have to negotiate special terms with an insurance com­ pany to access cover. “If you are thinking of buy­


ing a home in a flood risk area, speak to the existing owners about the flood histo­ ry and carry out a thorough survey. It is also advisable to ask the seller who provides their home insurance - it saves time to have prior knowledge of a lender willing to insure you in your new location.”


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