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An introduction to our services


Specialist new homes mortgage advisers supporting...

New build mortgage advisers Open 7 days : Free phone Immediate advice, AIP, feedback Lap top provided to facilitate communication : Email, sales tools, marketing Complementary home buyers tool kit www.macmedias.com Available 24/7 Email updates Weekly summary reports - enquiries Weekly summary reports - applications Monthly market reports “In Focus� Sales meeting presentations Digital (turn page) brochure Unlimited supply 24/7

0800 854884 Belgravia Wealth Management is an introducer to GSR Finance which is an appointed representative of Home of Choice ltd which is authorised and regulated by the Financial Services Authority. Redwither Business Centre, Redwither Business Park, Wrexham, LL13 9XR Your home may be repossessed if you do not keep up repayments on your mortgage


Specialist new homes mortgage advisers

• Free phone 0800 854884 • Email Gillian.ray@belgraviawm.com • Free advice line 7 days a week

The smart way to buy your new home Free mortgage advice line 0800 854884

• Check out immediately ... − monthly costs − maximum mortgage • Shared equity specialists • Help from enquiry to completion

Ask about our free building & contents cover

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Try our free

0800 854884

home buy internet tools www.macmedias.com

Belgravia Wealth Management is an introducer to GSR Finance which is an appointed representative of Home of Choice ltd which is authorised and regulated by the Financial Services Authority. Redwither Business Centre, Redwither Business Park, Wrexham, LL13 9XR Your home may be repossessed if you do not keep up repayments on your mortgage


Belgravia mortgage service is delighted to offer you our unique house buyers tool kit. The service is complementary. Simply log on to www.macmedias.com

You will have all the tools you need to buy your new home... • Valuation tool courtesy of Hometrack, • Immediate access to sites like Rightmove without

having to re-key a search • Monthly payment and affordability calculators together with a legal fees & stamp duty calculator There is even free access to some games to keep the kids quiet or just to help you relax and enjoy the nostalgia.

Call Belgravia on 0800 854884

Log onto www.macmedias.com

Belgravia Wealth Management is an introducer to GSR Finance which is an appointed representative of Home of Choice ltd which is authorised and regulated by the Financial Services Authority. Redwither Business Centre, Redwither Business Park, Wrexham, LL13 9XR Your home may be repossessed if you do not keep up repayments on your mortgage


Market focus from Belgravia JUNE

Demand for houses applies brakes on prices UK market at a glance House price growth

-10.3%

Time to sell (weeks)

11

Viewings per sale

13

Base rate Mortgage lending

0.5% -65.3%

Repossessions

41%

Housebuilding

-8.6%

Lending index % Year on Year Repossessions index % Year on Year Housebuilding index rolling 12 mnths

A shortage of new homes for sale has ended house price falls, according to figures published today, adding weight to claims that the market has begun to stabilise. Hometrack, the housing market analyst, said that the average house price stayed the same from April to May at £155,600, the first time in 20 months that its survey has not shown a month-on-month decline in prices. While less positive than the 1.2 % price rise recorded by Nationwide over the same period, the latest figures support the view that the pace of decline is at least slowing, boosted mostly by an increase in demand

relative to a lack of supply. Hometrack said that the number of buyers registering with estate agents was up 21% in the three months to May, while the number of new properties listed increased by only 2.5% The average time for a property to stay on the market fell from 10.4 to 9.9 weeks from April to May, while the percentage of postcodes where there had been a price decrease over the past month fell from 32 per cent to 13%. Supply remains severely restricted in the short term due to contraction in the construction industry, this implies that growing demand will force prices up.

UK to run out of houses in 2009 Just 133,710 new homes were completed in England in the year to the end of March, according to data released by the government. That is almost 90,000 less than the government’s own target of 220,000. As a result, housing in England is heading for a supply crisis far greater than expected

according to propertyfinder.com. In fact,England will literally run out of homes this year. There will be 39,000 fewer homes than households by the end of 2009 on current trends. The picture will not improve until 2016. What’s more, the number of new home starts plummeted to

just 90,000 during the year as the recession crushed the housebuilding industry. This suggests that completions in the coming year are likely to miss the government’s target by well over 100,000 homes.


Market focus

House Price Indices—which is right? Nationwide says house prices are up as does Rightmove.co.uk, but Halifax, the Land Registry, Hometrack, Department of Communities and Local Government and Financial Times all report house price decreases - which is right? The truth is, they all measure different things; Nationwide and Halifax gleam their information from their own approvals, the DCLG’s information is put together from select Council of Mortgage Lenders data, Rightmove.co.uk uses asking prices from its registered estate agents, the Land Registry uses property transactions over a 3month period and Hometrack

surveys estate agents in England and Wales across every postcode. Then the FT index takes an average of all of them. All these are perfectly acceptable ways of collecting and measuring housing data. But they all give wildly differing results: Rightmove.co.uk says house prices are up 2.4% at the moment, but the FT says house prices are down 1.1%. That’s a 3.5% difference - which, in real terms is thousands of pounds. Nationwide and Halifax are instant reactions to that month’s mortgage lending (Halifax measue stats from 1st to 31st but Nationwide measure 20th to 20th)but are biased to their brands, while the Land Registry

lags behind with 3-month old data. Hometrack and Rightmove.co.uk use asking prices, which as we all know can change considerably before the deal is finalised. DCLG takes snapshots of lenders, which could create a skew and the FT is an average of averages, which could miss detail. And all of them will tell you that their method is best. The big plus point for the market once again comes down to the fact that we are due to run out of houses in England before Christmas, so there is only one way for all indices to go.

Money market rates fall to pre-Lehman levels Credit risk – measured by key money market spreads – has for the first time fallen below levels last seen before the collapse of Lehman Brothers banks increasingly lend to each other amid growing confidence that the worst of the financial crisis is over. The gap between London interbank offered rates and overnight market rates – a pure

measure of credit risk – in May dropped below levels on Friday September 12, the last price before the US investment bank collapsed on the following Monday. This spread is the most important gauge of risk in the money markets because it measures the difference between risk-free overnight market rates and three-month Libor, the key benchmark interest rate banks charge each other for

lending. The narrowing of this spread suggests fears of a financial meltdown – prevalent after the US investment bank went bankrupt – have sharply receded. So banks are quietly trading between themselves again leaving the door open to more lending in the UK… we even saw the first 95% product in May… another gentle move forward.

A final thought; the inflatable boy with inflatable friends at an inflatable school took a pin with him one day, the inevitable happened. His teacher said, not only have you let yourself down but you have also let your friends down the school down….. Belgravia Wealth Management is an introducer to GSR Finance which is an appointed representative of Home of Choice Ltd which is authorised and regulated by the Financial Services Authority Your home may be repossessed if you do not keep up repayments on your mortgage

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Belgravia Wealth Management is an introducer to GSR Finance which is an appointed representative of Home of Choice ltd which is authorised and regulated by the Financial Services Authority. Redwither Business Centre, Redwither Business Park, Wrexham, LL13 9XR Your home may be repossessed if you do not keep up repayments on your mortgage


Introduction to Belgravia  

Introduction to Belgravia - George Wimpey

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