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Finwood Road Bridge Cottage £1,195,000 (Offers in Region Of)
* Significantly Extended & Beautifully Presented Cottage Set Within An Outstanding Plot With Uninterrupted Canal Side Views * Set Within Idyllic Location & With Extensive Gardens Including Detached Double Garage & Workshop * Internally Remodelled & Absolutely Immaculate Throughout * Four / Five Bedrooms & Three Bathrooms * Magnificent Open Plan Kitchen Dining Room With Bi-Fold Doors * Living Room * Study * Set Behind Electric Gate * EPC Rating D *
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Long Close, Glasshouse Lane £1,250,000 (Offers in Excess Of)
* Extended Detached Residence Offering Potential For Extension And / Or ReDevelopment (STPP) * Set Within A Curtilage of 1.1 Acres With Approximately 20 Acres Available Via Separate Negotiation * Sweeping In And Out Driveway * Idyllic Semi Rural Location & Within Easy Access To Dorridge / Knowle & Solihull * Six Bedrooms & Four Reception Rooms * Double Garage & Stables * Outstanding Gardens & Grounds With Various Outbuildings * EPC Rating D *
Warwick Road £2,000,000
* Impressive Individually Designed Five Bedroom Detached * Private Gated Entrance * Easy Access To Solihull Town Centre & Brueton Park * Gas Central Heating * Double Glazed * Impressive Entrance Hall * Through Living Room * Sitting Room * Luxury Kitchen/Dining/Family Room * Laundry/Utility Room * Guest Cloakroom * Five Bedrooms * Three Ensuite Bathrooms * Family Bathroom * Cinema Room * Triple Garage * Private Mature Rear Garden * EPC Rating C *
Creynolds Lane £1,250,000
* Stunning Five Bedroom Detached * Large Corner Plot * Built To A High Specification * Gas Central Heating * Underfloor Heating * Great Location For Schools & Commuting * Double Glazed * Entrance Hall * Guest Cloakroom * Spacious Living Room * Large Dining Room * Fitted Study * Luxury Kitchen/ Dining/Family Room * Utility Room * Five Bedrooms * Four Bathrooms * Double Garage * Easily Maintained Rear Garden * EPC Rating B *
Clive Road, Balsall Common £450,000
* Four Bedroom Extended SemiDetached Property * Immaculately Presented throughout * Open Plan Breakfast Kitchen * Large Utility Room * Through Lounge * Study * Conservatory * Three First Floor Bedrooms * Family Bathroom * Loft Room with En-Suite * Large Rear Garden * Off Road Parking * EPC Rating D *
Arden Close, Meriden £ 325,000
* Three Bedroom Semi-Detached Property * Quiet Cul-De-Sac Location * Well Presented Throughout * Lounge * Breakfast Kitchen * Three Genuine Double Bedrooms * Study * Guest WC * Family Bathroom * Landscaped Garden * Off Road Parking * EPC Rating C *
Kelsey Lane, Balsall Common £585,000
* Four Bedroom Detached Bungalow * Well Presented Throughout * Potential To Extend STPP * Spacious Open Plan Living/Dining Room * Breakfast Kitchen * Four Bedrooms * Shower Room & Family Bathroom * Good Sized South Facing Rear Garden * Garage * Off Road Parking For Multiple Vehicles * EPC Rating C *
Shangri – La, Meriden £400,000 (Offers In Excess of)
* Four Bedroom Semi-Detached Bungalow * Well Presented Throughout * Spacious Open Plan Living / Dining Room * Kitchen * Conservatory * Two Ground Floor Bedrooms * Two First Floor Bedrooms * Shower Room & Family Bathroom * South Facing Rear Garden * Off Road Parking For Multiple Vehicles * EPC Rating D *
Abbots Close £525,000
* Significantly Extended & Beautifully Presented Four Bedroom Detached * Situated At The End Of A Quiet CulDe-Sac * Within Walking Distance To Knowle Village * Solar Panels generating a significant income/free electricity * Extended Breakfast Kitchen * Open Plan Living Room/Dining Room * Garage * Four Bedrooms * Master With Ensuite * Jack & Jill Bathroom To Second Bedroom * Private Rear Garden * EPC Rating C *
Doctors Close £665,000
* NO UPWARD CHAIN * Stunning Three Bedroom Detached Bungalow Set Within A Select Private Gated Development * Master Bedroom With Luxury Ensuite To Ground Floor * Underfloor Heating To Ground Floor * Stunning Open Plan Breakfast Kitchen * Living Room * Two Bedrooms to First Floor & Luxury Bathroom * South Facing Rear Garden * Garage * EPC Rating B *
Glendon Way £849,950
** NO UPWARD CHAIN ** Completely Refurbished Five Bedroom Detached Property * Living Room * Dining Room * Sitting/Family Room * Modern Fitted Breakfast Kitchen * Downstairs Guest Cloakroom * Five Good Sized Bedrooms * Two With Ensuite * Triple Garage / Large Utility * Mature & Established Rear Garden * EPC Rating C *
Grange Road £675,000
* NO UPWARD CHAIN * Stunning Four Bedroom Semi Detached Located Within Walking Distance To Dorridge Village & Station * Magnificent Open Plan Kitchen / Dining / Family Room With Bi-Fold Doors * Living Room & Play Room / Study * Set Behind Large Gravelled Driveway * Master Bedroom With Luxury Ensuite * Westerly Facing Rear Garden * EPC Rating C *
Ken Trueman Grove £335,000
* NO UPWARD CHAIN * Two Double Bedroom End Terrace Property Built in 2017 & Benefitting From The Balance Of 10 Year New Build Guarantee * Open Plan Living / Dining * Kitchen * Master Bedroom With Ensuite * Bathroom * Two Allocated Parking Spaces * Comer Plot With Low Maintenance Rear Garden * EPC Rating B *
Kingscote Road £550,000
* Extended Three Bedroom Traditional Semi Detached Located In A Sought After Road Of Dorridge * Offering Significant Potential To Extend (STPP) * Walking Distance To Dorridge Park & Station * Large & Private Rear Garden * Open Plan Living / Dining Room * Open Plan Breakfast Kitchen * Family Room / Study * EPC Rating D *
Knowle Wood Road £699,950
* NO UPWARD CHAIN * Large Five Bedroom Semi Detached Located On A Premier Road Of Dorridge * Walking Distance To Station & Village * Significantly Extended To Include Three Reception Rooms & Open Plan Breakfast Kitchen * Master With Ensuite * South Easterly Facing Garden * Garage * Large Block Paved/ Tarmacadam Driveway * EPC Rating F *
Landor Road £474,950
* Significantly Extended Four Bedroom Semi-Detached Property * Stunning Open Plan & Extended Kitchen / Dining & Family Room * South Facing Rear Garden * Walking Distance To Knowle Park & Local Schools * Master Bedroom With Ensuite * Garage * Four Excellent Bedrooms * Family Bathroom * EPC Rating C *
SOLIHULL & SHIRLEY 0121 712 6222 | E: solihull@xacthomes.co.uk | E: shirley@xacthomes.co.uk
Ravenshaw Cottage £850,000
* Stunning Four Bedroom Detached Cottage * No Upward Chain * Double Glazed * Central Heating * Gated Driveway * Entrance Hall/Snug With Wood Burner * Living Room * Study * L Shaped Kitchen/Dining/Family Room With Bi Fold Doors Leading Out Onto The Patio * Laundry/Utility Room * Guest Cloakoom * Four Double Bedrooms * Ensuite Shower Room * Luxury Fitted Bathroom * Detached Double Garage * South Facing Landscaped Gardens * EPC Rating F *
Widney Manor Road £799,950
* Impressive Five Bedroom Traditional Detached * Tudor Grange Academy Catchment * Walking Distance Of Solihull Town Centre * Double Glazed * Gas Central Heating * Enclosed Porch * Entrance Hall * Two Reception Rooms * Luxury Fitted Breakfast Kitchen * Conservatory/Sun Room * Guest Cloakroom * Utility Room * Five Bedrooms * Two Ensuites * Family Bathroom * Large Westerly Facing Rear Garden * Viewing Essential * EPC Rating D *
Woodlea Drive £725,000
* Impressive Four Bedroom Extended Detached * No Upward Chain * Double Glazed * Gas Central Heating * Enclosed Porch * Impressive Entrance Hall * Dining Area * Living Room * Superb Extended Lounge/Kitchen/Dining Room * Study * Laundry/Utility Room * Guest Cloakroom * Four Double Bedrooms * En Suite Bathroom * Modern Refitted Family Bathroom * Garage * South Westerly Facing Rear Garden * Viewing Essential * EPC Rating C *
Sharmans Cross Road £699,950
* Extended Four Bedroom Detached * Internal Viewing Essential * Gas Central Heating * Double Glazed * Recessed Porch * Entrance Hall * Guest Cloakroom * Two Reception Rooms * Luxury Fitted Extended Family Kitchen Dining Room With Bifold Doors Leading Out To The Large Rear Garden * Utility Room * Four Good Sized Bedrooms * Luxury Fitted Bathroom And Shower Room * Garage * Superb Large Landscaped Garden * EPC Rating D *
Streetsbrook Road £660,000
* Impressive Traditional Four Bedroom Semi Detached * Five Minutes Walk Of Solihull Town Centre * Gas Central Heating * Entrance Hall With Original Oak Floor * Guest Cloakroom * Dining Room * Living Room With Fitted Cupboards * Breakfast Room * Library/Utility * Luxury Fitted Kitchen * Laundry * Four Double Bedrooms * Ensuite Shower Room * Luxury Fitted Bathroom * Garage/Storage Space * Large South Facing Established Rear Garden * EPC Rating E *
Buryfield Road £599,950
* Superb Extended Four Bedroom Detached * Double Glazed * Gas Central Heating * Greswold School Catchment * Enclosed Porch * Entrance Hall * Guest Cloakroom * Two Large Reception Rooms * Breakfast Room * Extended Kitchen * Laundry/Utility Room * Four Double Bedrooms * Ensuite Shower Room * Family Bathroom * Large South Facing Rear Garden Adjoining Cold Land Wood & Green Area * Garage * EPC Rating C *
Perryford Drive £595,000
* Impressive Four Bedroom Detached * Tudor Grange Academy Catchment * Well Maintained * Decorated * Gas Central Heating * Double Glazed * Enclosed Porch * Entrance Hall * Guest Cloakroom * Attractive Lounge * Dining Room * Conservatory * Refitted Breakfast Kitchen * Laundry/Utility Room * Four Bedrooms * Ensuite Shower Room * Double Garage * Landscaped Rear Garden * Viewing Essential * EPC Rating C *
Stoney Close £535,000
* Quiet Cul De Sac Location * Impressive Five Bedroom Extended Detached * Internal Viewing Essential * Double Glazed * Gas Central Heating * Easy Access To All Amenities * Impressive Entrance Hall * Guest Cloakroom * Living Room * Dining Room * Family Room * Modern Breakfast Kitchen * Laundry/Utility Room * Five Good Sized Bedrooms * Ensuite Shower Room * Family Bathroom * Single Garage * Landscaped Rear Garden * EPC Rating C *
COVID-19 UPDATE
The newsletter from Xact Mortgages Limited
These are difficult times, but much is being done to tackle the impact of coronavirus. As part of this process, we can be there for you. We’d help explain some of the developments, and assist those that wish to act with regard to their finances.
COVID-19 - key action taken Whilst delivering protection to the NHS is the government’s primary focus, there is also a whole raft of multi-billion pound packages to help support the economy and people’s income stream and job security:
1. Salaried (PAYE) workers
The Coronavirus Job Retention Scheme guarantees 80% of the salary of eligible workers, up to a ceiling of £2,500/month. See page 2 for more.
2. Self-Employed workers
A similar set-up for those eligible, with 80% of the self-employed workers’ average earnings over the last three years (if applicable), up to a maximum of £2,500 each month. See page 2 for more.
3. Mortgage payers
The reduction in the Base Rate to 0.1% should benefit the mortgage deals on offer. However, a sizeable number of higher Loanto-Value deals have been pulled, partly due to the increased workload faced by lenders.
n Bank of England reduces the Interest Rate to 0.1%. n The lowest level in history! (Source: 19 March 2020 release)
We are there for YOU...
This increased workload relates, to some extent, to supporting customers who are experiencing issues with their finances due to COVID-19, including payment holidays of up to 3 months. See page 2 for more.
4. Those off work
All of those advised to self-isolate - or caring for those self-isolating - will be entitled (if eligible) to Statutory Sick Pay (SSP). For those who cannot claim SSP (such as the self-employed), there will be alternative comparable support through the welfare system. Additionally, the normal welfare options are in place, if unemployed.
5. Businesses
The recent Budget introduced a number of initiatives, such as the £30bn of support to * You may have to pay an early repayment charge to your existing lender if you remortgage.
Continued on page 2
Keen to Act?
Despite the current environment, there are excellent mortgage deals out there (further improved by the cut in the Base Rate). This may motivate you to assess, for example, your remortgaging (or product transfer) plans* such as: n needing to raise funds to further improve your existing property. n looking for a new deal, as you’re coming to the end of your current one. n still sitting on your lender’s more expensive Standard Variable Rate. n simply wanting to identify a better mortgage deal than the one you have. Whatever your plans, do be mindful, that partly due to the impact of coronavirus on the workload of lenders, a number of higher rate Loan-to-Value deals have been pulled.
Xact Mortgages Limited
6 The Square, First Floor, Solihull B91 3RB Tel: 0121 712 6230 Email: sales@xactmortgages.co.uk Web: www.xactmortgages.co.uk n Xact Mortgages Limited is an appointed representative of PRIMIS Mortgage Network (PRIMIS), a trading name of First Complete Limited which is authorised and regulated by the Financial Conduct Authority. PRIMIS is only responsible for the service and quality of advice provided to you in relation to mortgages, protection insurance and general insurance products. Any other product or service offered by Xact Mortgages Limited may not be the responsibility of PRIMIS and may also not be subject to regulation by the Financial Conduct Authority. n This firm usually charges a fee for mortgage advice. The amount of the fee will depend upon your circumstances and will be discussed and agreed with you at the earliest opportunity. n The information is of a general nature, and every care is taken to ensure it’s accurate at the time of writing (April 2020). However, all information and figures are subject to change. You should seek professional advice tailored to your needs and circumstances before making any decisions.
We are there for YOU...
(contd)
stimulate the economy and help counter the impact of coronavirus.
And following the Budget, the Chancellor announced that he would make available a further initial £330bn of governmentbacked loans to assist firms of all sizes through this period.
Recognising the impact on many small and medium-sized businesses, assistance will also be delivered in areas such as reclaiming Statutory Sick Pay (SSP), business rates help, possible grants, more time to pay tax, and deferring VAT payments. Further information about the support offered (along with the other initiatives mentioned here) can generally be found at www.gov.uk (then search for covid-19).
Continued from page 1
80% of Salary - Coronavirus Job Retention Scheme Under this scheme, all UK employers will be able to access support to continue paying part of their employees’ salary for those employees that would otherwise have been laid off.
It would be applicable to those designated as ‘furloughed workers’ (people absent temporarily from work), and the HMRC will reimburse 80% of furloughed workers wage costs, up to a cap of £2,500 per month. This would run for an initial 3-month period, and possibly longer. HMRC are working urgently to set up a system for reimbursement.
This will hopefully keep a sizeable part of the workforce in their jobs and deliver an income stream for them through this difficult period.
Mortgage payment holiday Mortgage lenders have agreed to support customers (including buy-to-let borrowers) who are experiencing issues with their finances due to COVID-19, including
payment holidays of up to 3 months.
SELF-EMPLOYED NEWS
SELF-EMPLOYED INCOME SUPPORT SCHEME
n This scheme will deliver a taxable cash grant of 80% of a self-employed workers’ profits, up to £2,500 per month. Those eligible will able to both claim and continue to work. The scheme will be open to those with a trading profit of less than £50,000 in 2018- 19, or an average trading profit of less than £50,000 from the previous three financial years (2016-17, 2017-18 and 2018-19). Another qualification is that more than half of the income in these periods must come from self-employment. n The scheme would cover a minimum period of 3 months, and possibly be
extended beyond that. The initial period covered would run to the 3 months up to May, but the complexity of setting it up would mean the backdated payment would not occur until the beginning of June. n As self-employed status can be open to interpretation, do contact HMRC now to see if you are eligible. n Particularly as the government also announced that those who pay themselves a salary and dividends through their own company are not covered by the scheme, but will be covered for their salary (up to the eligible amount) via the Coronavirus Job Retention Scheme (see above).
Whilst this may deliver much-needed financial help, do give consideration if this is the most suitable route forward for you.
Firstly, it’s not waiving the money that’s owed, as that’s simply added to the overall outstanding amount, so you may be paying more for your mortgage in the long run.
Second, you need to agree this with your mortgage lender, so you can’t just stop making payments, as that might also impact on your credit rating.
Finally, there may be other options to consider (if on offer), such as extending the length of the mortgage term to help reduce the immediate monthly payments (again, this would increase the overall cost of the mortgage). You may be able to pay a lower amount each month, or even switch to just paying the interest for a defined period (where the capital amount that’s outstanding would remain the same).
If you do want to proceed, then you may need to be patient, as the lenders have been inundated with applications and calls.
Take control now... You may not require government support, instead you could be keen to take advantage of the excellent mortgage deals currently on offer.
We’d currently expect more interest in remortgaging your existing property (and product transfers), than funding property moves. That said, the marketplace will, no doubt, be looking at innovative ways of how to make that supply chain work, in light of the need for social distancing.
Don’t forget Protection cover In these challenging times - whether you’re still living at home, renting, or a homeowner - you’ll also recognise the importance of having insurance cover in place to protect your life and/or loss of an income stream. With so many issues to consider, and ongoing developments, it makes sense to see how we can help. You may have to pay an early repayment charge to your existing lender if you remortgage. As with all insurance policies, terms, conditions and exclusions will apply.
Share our VIRTUAL HUG
We are all in this together.
As we all transition to our new daily routines, we would like to share a simple hug with you as we all pull together to get through this period.
