Places | July 2014 | Isle of Man

Isle of Man | Home & Interiors | July 2014

The best place to find a new place in the Isle of Man

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Isle of Man | Home & Interiors | July 2014

The best place to find a new place in the Isle of Man

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INVOLVED IN PROPERTY? PLACES IS THE PLACE FOR YOU Places is the Isle of Man’s only publication dedicated to multi-agent, highquality property related listings and features.

Places offers ultra competitive rates for high-impact premium property goods and services marketing. If you’re an agent, developer, or supply products and services to the home-owner, get in touch. Places is published monthly in Gallery magazine and online at: www.gallery.co.im

GET INCLUDED IN THE NEXT EDITION T: 07624 249249 A

PUBLICATION

BECAUSE QUALITY MATTERS

PROPERTY & FEATURES

Main Court, Port Erin ........................................................................................4 Mortgage Advice......................................................................................................6 Aigney Mie, Shore Road, Ganset Bay............................7 Hillberry House, Douglas.......................................................................7 Gorse Bank, Port Erin.....................................................................................8 Faaie Ny Cabbal, Kirk Michael...................................................8 Ballatessan Meadow, Peel..................................................................10

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Kerrowgarrow Road, Greeba.......................................................10 Grange Villa, Douglas...............................................................................11 Glen Mona, Maughold.................................................................................12 Glen Rushen Road, Glen Maye..................................................12 Finishing Touches................................................................................................13 Bride Road, Ramsey...........................................................................................14 Colden Road, Douglas...................................................................................14

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Contemporary Style in the beautiful South

OCCUPYING A SUPERB LOCATION JUST 100 METRES FROM THE PROMENADE AND ONLY 500 METRES FROM THE TOWN CENTRE, MAINE COURT IS AN EXCLUSIVE BOUTIQUE DEVELOPMENT OF FIVE CONTEMPORARY TOWNHOUSES IN THE HEART OF PORT ERIN.

These award-winning architect-designed four bedroom homes feature a flexible layout and superb level of specification to provide the ultimate in modern town centre living.

Constructed to the highest standard, each home benefits from excellent levels of insulation, high quality double glazing, central heating and hot water systems powered by the latest generation in energy efficient boilers and come with a 10-year NHBC warranty.

Maine Court PORT ERIN

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THESE UNIQUE THREE-STOREY HOMES BENEFIT FROM AN EXCITING, CONTEMPORARY LAYOUT WHICH COMPLEMENTS TODAYS MODERN LIFESTYLES PERFECTLY, AND INCLUDE MANY LUXURIOUS ‘EXTRAS’ AS STANDARD INCLUDING: • Superb kitchen by top German manufacturer featuring a full range of high quality, integrated appliances • Luxurious fully tiled bathrooms and en-suites • Stylish fitted wardrobes • Floor coverings • Optional ground floor teenager/guest suite

Priced at £397,500 and ready to move into For full details call Heritage Homes on 615000 or visit the Maine Court show home, which is open from 11am to 4pm Saturday and Sunday or by appointment at all other times.

• Garage and designated off-road parking

BECAUSE QUALITY MATTERS

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MORTGAGE ADVICE

WORDS Nicki

McMullin

Mortgage Centre Manager, Isle of Man Bank

BUYING A HOME YOUR QUESTIONS ANSWERED WHAT TYPE OF MORTGAGES ARE AVAILABLE? There are a number of options to consider in the present low interest rate environment. Currently there is a significant volume of customers who have selected a five year fixed rate mortgage on the assumption that interest rates are set to rise in that time. However, there are other options too, including the tracker which follows the base rate and takes advantage of the low rates available now.

There are also schemes for customers who want to buy for investment purposes.

For example, there is a buy-to-let scheme for those acquiring a second property or alternatively an equity release scheme, which would apply to those who have an existing mortgage and want to use it to help them purchase a second property.

WHAT IS THE VIEW ON MORTGAGE RATES? The Bank of England has indicated that interest rates may rise before the end of the year, however, any changes will be gradual and limited. Rates are not predicted to return to pre-2008 levels for years. At various points Monetary Policy Committee members have suggested that years from now Bank Rate will still be around 2% to 3%. Mortgage rates are linked closely to the base rate so the views of the Bank of England are a helpful indicator.

WHAT WILL THAT MEAN FOR CUSTOMERS OF ISLE OF MAN BANK SEEKING A MORTGAGE? We always build in a contingency for borrowers when we lend them money.

We ensure our customers are in a

comfortable position even if rates should rise because we stress test all our mortgage applications at seven percent.

WHAT CRITERIA DOES A BANK LOOK FOR? To obtain a mortgage a deposit is required, generally 10 percent of the total to be borrowed for first-time buyers and 15 percent for all other borrowers. Some first-time buyers may rely on funds from their parents or relatives which is fine, but having the necessary funds for the deposit is only one of the criteria to meet and repayments still need to be affordable.

At Isle of Man Bank we want to understand a customer’s financial position, to establish that they are able to meet repayments prior to granting a mortgage. We will help them to compile a monthly budget planner showing surplus income over expenditure, from which we can assess whether the surplus will meet a monthly mortgage payment, taking into account that some funds may need to be set aside for unforeseen costs and interest rate rises.

We also want to see a solid employment status. We are looking for a continuous employment history for a minimum of six months for employed customers, and 12 months for contract workers, with a further 12 month contract secured. Those who are self-employed are expected to provide financial accounts and tax returns confirming their income.

IF I OPT FOR A VARIABLE MORTGAGE AND RATES RISE APPRECIABLY AM I TIED IN FOR GOOD? With our variable products it is possible to switch to a fixed rate. After three

months our track and switch option allows customers to move to the equivalent fixed rate for the remainder of the product term.

While there would be fees applicable on some of our fixed rate products should customers switch, these fees can be recovered and even reduce overall borrowing costs from the savings made compared to staying on the tracker rate if interest rates rise sufficiently.

WHAT IS THE ROLE OF THE MORTGAGE TEAM? The mortgage team will outline the mortgage scheme options and discuss which would be most appropriate depending on the circumstances. They will discuss the financial impact of the purchase, look at outgoings and help the customer in confirming whether the payments are affordable. Customers will be walked step by step through the process which is especially helpful for first-time buyers or those that haven’t bought a property for a long time.

HOW LONG DOES IT TAKE TO HEAR WHETHER AN APPLICATION HAS BEEN SUCCESSFUL? In most cases, customers can expect a response about whether a mortgage has been granted within one week once the completed forms are submitted.

HOW DO I FIND OUT ABOUT THE INSURANCES REQUIRED? It’s an important part of the house buying process and we can assist with this. There are a number of schemes and options available designed to protect the home should unforeseen circumstances prevent the mortgage holder from meeting their regular payments. Building insurance is generally a condition of securing a mortgage and we strongly recommend life insurance to cover the cost of the mortgage and other insurances designed to support you should circumstances arise that prevent you from earning a salary, perhaps because of longterm illness.

HOW DETAILED IS THE APPLICATION PROCESS? We want to do all we can to ensure that our customers obtain their dream home, but we are mindful of the financial commitment, and we want to be as sure as we can be that it is affordable for our customers. There are forms to complete and our mortgage teams are here to assist. For us it is certainly not just a box ticking exercise - we look through applications very thoroughly to ensure we do the right thing for our customers.

For more information on Isle of Man Bank’s mortgage range, visit our website: www.iombank.com or contact us on 01624 637676 to arrange a relaxed meeting with one of our team.

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EXECUTIVE PROPERTY FOR SALE

AIGNEY MIE, SHORE ROAD, GANSEY BAY

HOME

£1,725,000

A superb individually architect designed home 4

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An adaptable family accommodation arranged over 2 floors to take full advantage of the uninterrupted sea views to the front and rural aspects to the rear. * Impressive reception hall with minstrel gallery * 4 Principal reception rooms * Fitted breakfast kitchen with snug/sitting area * 4 Bedrooms all with en-suite facilities * Integral double garage * Sun terraces to front & rear * MVHR heat recovery system * Oil fired central heating * High-quality timber double glazing * High levels of insulation throughout

HILLBERRY HOUSE, HILLBERRY GREEN, DOUGLAS

Superb, executive, detached property set in private grounds 4

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DeanWood Agencies T: 01624 620606 E: info@deanwood.co.im www.deanwood.im

£1,950,000

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* Exclusive residential development * Superb 2 story family accommodation * 4 Reception rooms * Large fitted dining/kitchen * Cloakroom * Utility room * Swimming pool complex with changing rooms * 4 good size bedrooms (2 En-Suite) * Family bathroom * Oil fired central heating * uPVC double glazing

DeanWood Agencies T: 01624 620606 E: info@deanwood.co.im www.deanwood.im BECAUSE QUALITY MATTERS

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PROPERTY NEWS

Gorse Bank, Tower Road, Port Erin 4 5 4 2 Executive -

£1,850,000

A unique and newly constructed spacious contemporary style house built to the highest specifications within walking distance to Bradda and village amenities. The property comprises of a lounge with floor to ceiling windows taking full advantage of the stunning coastal views, dining room, contemporary kitchen and utility room. There are four double bedrooms all with dressing rooms and en-suites, a study/bedroom five and three south facing balconies. Outside the easily maintained gardens have steps leading up to a hot tub area and there is garaging for up to four cars and parking for two. An internal inspection is highly recommended to appreciate this special residence, enjoying uninterrupted panoramic views over Port Erin bay to the Calf of Man and across Rowany golf course towards Bay ny Carrickey, Pooil Vaaish and Langness.

HARMONY HOMES, PEEL T: 818222

www.harmonyhomes.co.im

FAAIE NY CABBAL - KIRK MICHAEL 4 3 2 2 Corner Plot -

£340,000

A spacious detached bungalow on a corner plot situated in a quiet and secluded location in Kirk Michael. The bungalow consists of a large lounge/dining room with a feature fireplace and good sized conservatory which enjoy distant rural views. There is a generously sized kitchen and breakfast room , three bedrooms, master en-suite and family bathroom.

There is also a lawned front garden with a driveway for parking up to 2 cars. The fantastic corner plot enjoys a private large rear garden which is laid to lawn with a patio area and garage with utility area.

HARMONY HOMES, PEEL T: 818222

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www.harmonyhomes.co.im

ISLE OF MAN PREMIER MAGAZINE

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PROPERTY FOR SALE

BALLATESSAN MEADOW, PEEL £250,000 offers over 4 3 1 1 Corner plot This modern, well presented, semi detached house is situated on a select development in Peel, within a few minutes’ drive of schools and all local facilities. Downstairs there is a lounge, leading into a good sized kitchen diner, a utility room and cloakroom. Upstairs are three bedrooms and a family bathroom. The property boasts a lovely lawned garden with a timber shed, a single garage and driveway for one car.

HARMONY HOMES, PEEL T: 845252 www.harmonyhomes.co.im

KERROWGARROW ROAD, GREEBA £329,500 - No Onward Chain Farm house style -

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‘Soalt Veg’ is a delightful detached stone barn conversion, set in an idyllic semi rural location. The charming ‘upside down’ accommodation has a spacious, light and airy open plan living room/dining kitchen with triple aspect windows, a vaulted ceiling with exposed A frames, all providing plenty of farm house style character. On the ground floor there are two double bedrooms (one with an en-suite shower room); a family bathroom and a study/ utility room. Outside are generous lawned gardens to the front and side and a deep parking area to the rear with space for approximately six cars. Internal inspection is highly recommended.

HARMONY HOMES, DOUGLAS T: 616200 www.harmonyhomes.co.im

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ISLE OF MAN PREMIER MAGAZINE

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Grange Villa, Belmont Road, Douglas

ÂŁ675,000

4 5 4 4 Floor to ceiling rustic brick A unique semi detached period property circa 1834 with a newly built detached cottage, situated in an excellent private location in the centre of Douglas. The main house has two reception rooms, three bedrooms and two bathrooms. There is an additional self-contained flat with living / bedroom, kitchen and bathroom. The cottage has one reception room, two bedrooms and a shower room. The garage has double doors which lead to one half of the garage which is used as a workshop with a cloakroom, the other half is currently a show room, which could be used as a gym / games room / office if required. Outside the double gates swing open onto the sweeping brick paved driveway, there is ample parking and the secluded gardens are totally enclosed.

HARMONY HOMES T: 616200 www.harmonyhomes.co.im

Probably the Best Kitchens in the World ... Definitely for a lot less than you think

The German Kitchen Centre Directions: Take the 2nd right after the Falcons Nest Hotel

5ifth Dimension Ltd, Marina Lane, Port Erin - Tel: 830069 30 YEARS EXPERIENCE IN DESIGN - INSTALLATION - PROJECT MANAGEMENT

Opening Hours: Tues-Friday 10:00 - 17:00 Saturday 10:00 - 15:00

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PROPERTY FOR SALE

Glen Mona, Maughold

Quiet Residential Area -

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£320,000

A detached family home with a modern interior situated in a quiet residential cul-de-sac in the village of Glen Mona, Maughold. A short walk away from the local primary school, village shop and public house. The property consists of a spacious lounge with archway to the dining room, a newly fitted breakfast kitchen with utility room off a family room/ bedroom five, family bathroom and four double bedrooms (the master having an en-suite and distant sea views). Outside there is a garage, ample parking and gardens to both the front and rear of the property.

HARMONY HOMES T: 818222

www.harmonyhomes.co.im

GLEN RUSHEN ROAD, GLEN MAYE £895,000 Country Home - Great Views 3

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This modern country home set in the picturesque village of Glen Maye enjoys extensive accommodation and grounds extending to approximately 2 acres. The lounge takes advantage of the views with a large corner window overlooking the valley. There is a large sun room which wraps around the front of the property and a breakfast kitchen with triple aspect windows and stone floor. The property has five bedrooms (one en-suite), a family bathroom and two shower rooms. Outside there is a triple garage with a large studio and balcony above. The grounds take full advantage of the elevated position and wooded setting with meandering gardens through the trees down to the river. This property needs to be viewed to fully appreciate the extensive accommodation, sheltered position and views across the valley.

HARMONY HOMES T: 84525

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www.harmonyhomes.co.im

ISLE OF MAN PREMIER MAGAZINE

g n i h s i Fin s e h c u o T

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BRIGHTEN UP YOUR BATHROOM… The little things that make a big difference in the making your house a home. Everything you see here is availabale at Shoprite Living.

2.Mosaic

1. Fish Shower

Mirror £18

Curtain £7.50

5.Mosaic Trinket Box £9

3.Mosaic Tumbler £6

6.Mosaic Light Pull £4.50

4.Shaving Mirror with extendable Arm £6

7.Mosaic Towel Ring £7 8.Striped 4 Drawer Unit £40

10.Mosaic 9.Striped

Laundry Bin £14

Toilet Roll Holder £7

11.Mosaic Soap Dispenser £8

12. Mosaic

Glass Shelf £11

PRODUCTS AVAILABLE FROM SHOPRITE LIVING, CHESTER STREET, DOUGLAS AND MARINA LANE, PORT ERIN. BECAUSE QUALITY MATTERS

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PROPERTY FOR SALE

BRIDE ROAD, RAMSEY Excellent views -

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‘Barrule Cottage’ is an extended and modernised detached Manx cottage benefitting from stunning panoramic sea and hill views, Ramsey is located within a few minutes drive. The property is presented immaculately throughout, having three double bedrooms (one en-suite), two bathrooms, two reception rooms and a modern kitchen. There are approximately 2/3 acre of gardens where you can enjoy sea, mountain and countryside views to Ramsey and Maughold Head, along with off road parking for four cars.

HARMONY HOMES, RAMSEY OFFICE T: 818222 www.harmonyhomes.co.im

COLDEN ROAD, DOUGLAS Close to finance sector -

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This deceptively spacious detached house is situated in a quiet residential area within a short walking distance of the finance sector and town centre.

The well presented accommodation has a generously sized sitting room and separate dining room. The modern kitchen is fitted with an excellent range of natural wood finish and shaker style matching cupboards. There are three bedrooms, bedroom one is a double room with twin velux double glazed roof/ wall windows and generously sized wardrobes with sliding doors. There is also a recently refitted family bathroom with dual aspect windows. Outside there is an easily maintained front garden which is screened with mature hedging, coloured flowers and shrubs. To the rear there is a paved yard with gated access. A concrete vehicle hard standing provides access to an electrically controlled integral garage.

HARMONY HOMES, DOUGLAS OFFICE T: 616200 www.harmonyhomes.co.im

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ISLE OF MAN PREMIER MAGAZINE

% have you got the best rates? so have we.

If you are marketing your mortgage offers, this full page, seen by the Isle of Man househunters and homebuyers is available from ÂŁ427 per month.

Find out more on 07624 415096 or email places@gallery.co.im

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Looking for the right mortgage?

Helpful banking, making things easier Whether you are an existing mortgage holder, a first time buyer, looking for a buy to let or equity release, pop in and talk to our Personal Mortgage Advisers who will help you every step of the way.

We’re making banking easier... ask us how!

Call in to any branch iombank.com/helpfulbanking Like us on Facebook Follow us on Twitter @iombank

YOUR HOME OR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Isle of Man Bank Limited (IOMB). Registered Company Number: 1 Isle of Man. Registered Office: 2 Athol Street, Douglas, Isle of Man, IM99 1AN. Licensed by the Financial Supervision Commission of the Isle of Man and registered with the Insurance and Pensions Authority in respect of general business. Over 18’s only. Security required.