Review your mortgage ahead of


interest rate rise, says


Allen & Harris


After indications from the Governor of the Bank of England (BoE) that interest rates will rise at some point this year, local estate agency Allen & Harris is suggesting that now might be an opportune time for homeowners to


review their current mortgage arrangements as they may be able to get a better deal.


Many were expecting rates to rise this month but the BoE recently held interest rates at 0.5 per cent. BoE Governor Mark Carney has indicated that a rate rise is likely this year, followed by another in 2019.


This


means that now could be a good time for homeowners to get their finances in order: “With interest rates expected to rise sometime this year, we would say that now is the time to review your mortgage and have a plan in place to deal with any changes,” says Michelle Pace, Mortgage Services Sales Manager at Allen & Harris. “A rise in interest rates could mean an immediate increase in payment for those not on fixed-term rates, as Standard Variable Rates are likely to increase alongside the Bank of England base rate. There are currently a lot of great deals out there at the moment, but it seems they may not be around for long, so we would advise savvy homeowners to consider what’s available and take advantage of the low rates while they can.” “You do not have to be an existing customer or buying a property through Allen & Harris to take advantage of our mortgage service,” continues Michelle. “Because we are not tied to one particular lender, we are able to search through a range of deals available from a comprehensive panel of different banks and building societies.” Allen & Harris offers mortgage and remortgage advice and has access to many different mortgage products. To speak to a Mortgage Advisor, please contact your local branch.


8


Local MP celebrates


60th anniversary of Barratt Homes on Barry waterside


MP Alun Cairns with Richard Lawson, sales director of Barratt South Wales


Te MP for Glamorgan Alun Cairns has been visiting Barratt Homes’ development overlooking the historic dockyards at Barry. Mr Cairns’ visit marked New Homes Week (May 14 – 18) and the 60th anniversary of the five star housebuilder. Barratt Homes was founded by Sir Lawrie Barratt back in 1958 and it the UK’s largest housebuilder, building more than 17,300 homes last year. Over the past 60 years it has built 450,000 houses, helping some 2.8 million families make their home Barratt Homes - which boasts the Home Builders Federation five stars for quality, the highest in the industry - has made a significant impact in South Wales and last year built 639 homes and supported thousands of jobs in the principality. Richard Lawson, sales director of Barratt Homes South Wales gave Mr Cairns, a tour of the completed, second phase of the Reflections @ Te Quays scheme. As constituency MP, Mr Cairns’ visit was particularly timely as planning consent has recently been granted for phase three of the development


which will be called Waterside @ Te Quays. Work has started on the new phase which will have a mix of one and two-bedroom apartments and two, three and four-bedroom homes – a total of 145 private units plus 26 affordable homes. Mr Cairns said: “Te regeneration of Barry as a whole is steaming ahead with housebuilders like Barratt playing an important role in building the new homes that will help transform this key area of Barry.” Mr Lawson said: “Te Quays development has been an important scheme for us and delivered homes to many local people and we’re delighted to have been given permission for the next phase. “We showed Mr Cairns our commitment to the highest standards and building attractive homes where people want to live. At Barratt we understand people’s homes are at the centre of their lives and they remain the best investment they will ever make.” To find out more about the Barratt development at Waterside @ Te Quays in Barry, visit www. barratthomes.co.uk.


New Homes Wales and the South West


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