Property prices in the UK are still yet to be affected by the COVID-19 Coronavirus. This is despite the country grinding to a halt during the lockdown period and government recommendations which advise against moving home.
Data released by Nationwide shows that house prices increased annually by 3.7 per cent in April. It is important to note, however, that this data is based on mortgage approvals and many were submitted before Coronavirus took hold of the nation.
Of course, we are still living in uncertain times and property prices could change for the short term in the coming weeks. However, our own data also supports the positive statement released by Nationwide.
Here at Walton & Allen estate agents in Nottingham, we have seen little change in the market apart from an obvious slowdown. We are still receiving enquiries every day, agreeing sales and letting properties to tenants. People still need to move and our email inboxes certainly prove this point!
This suggests that as soon as lockdown restrictions are lifted, property transactions should return to normal fairly quickly. If the demand to buy property remains similar to the start of the year then we should see little reductions in prices across the UK property market as a whole.
We have produced over 25 video tours so far for both sales and lettings and will continue to produce more over the coming weeks.
If you are interested in any of our available properties, either to buy or to rent, please check with our team to see if a video is currently available.
Some are unlisted on YouTube for privacy and will only be made available upon request.
Here are a sample of our video viewings below.
Cavendish Road in Arnold, Nottingham
Hardstaff Road in Sneinton, Nottingham
What happens after viewing online?
If you have viewed a property online via video tour we are still accepting offers and reservations. Please get in touch with either our sales or lettings team to take the next steps to securing your dream property.
The Help To Buy scheme is set to be extended once the Cornavirus lockdown ends.
The scheme currently helps buyers or new build homes by providing them with a 20% property value equity loan. This was due to be phased out between Spring 2021 and 2023.
The idea behind the extension is to boost market confidence once the COVID-19 isolation period has ended.
Help To Buy has been a great help for many first time buyers. It has enabled many to move into better quality homes than they originally would have been able to buy with their savings alone.
Advice for first time buyers
Those looking to purchase their own first home this year should continue to look for their dream property during the pandemic. Walton & Allen are still receiving buyer enquiries and sales are still being agreed. We would encourage everyone to act now to avoid disappointment.
Many of our sales and lettings properties are available to view via video tour. Please email us for more details whilst our offices are closed.
How is the current crisis effecting the housing market?
Everyone has an opinion on the housing market, whether or not they work in the estate agency industry. Well, my experience over the last 25 years is that most predictions get it wrong. There seems to be a habit of talking down the market whether it be Brexit, a national vote or referendum or indeed a global pandemic. The past few decades show the market has its ups and downs but the general overall trend is the market goes up and prices go up in the long term.
With the country now in lockdown and many agents temporarily closing, it is almost impossible to get to view a house. Everything is on hold. Yet Rightmove are reporting a significant increase in traffic on its website. Why? Well it would seem there are some obvious factors. We are all at home and have access to the internet. Those of us that share a house with friends or relative, wish we had our own place, those of us with kids wish we had more space. Some wish they had less space and less would like to downsize, and some want to be closer to family. We would all love an independent income that an investment property provides.
The crisis, whilst terrible at the moment, will come to an end and when it does, the temporary halt on the market which has led to a build up of frustrated interest will boom.
Lets face it we have less to spend our money on. This could this mean people have the opportunity to save for a bigger deposit? The only thing that could change this is the mortgage market. The mortgage lenders appear to have suspended their deals at the moment, understandably so. But will this change when the crisis is over? It has never been cheaper to borrow, the bank of England base rate is at a record low, surely the lenders will take advantage of the current crisis and reboot their mortgage deals. We still do not have enough houses nationally and we are still not building enough to satisfy this demand.
So, despite everything and the doomsayers talking down the market, here’s my prediction. Once the current situation is finished there will be increased demand for property. Both residential and investment. Mortgage lenders will offer fantastic mortgage deals and people will want to move. So get looking, use this time to short list that ideal property and once the crisis is over get buying, prices are going to rise. There’s one thing to be sure, ‘We live in interesting times’.
Our recommended mortgage advisor has years of experience in finding some of the best mortgages for home buyers, potentially saving them hundreds of pounds on interest rates.
We’ll compare 100s of deals to find the right one for you. This will potentially save you the money over the mortgage term.
The lenders we recommend cover all of the major banks but also some you may not have heard of who are exclusive to mortgage brokers. These include the likes of Halifax, Natwest, Nationwide, Santander and more.
Finding a deal yourself for a Nottingham mortgage can be a stressful and time-consuming process. This is why our mortgage advisor is trained to help take all the stress away when finding a new mortgage deal. The’ll also follow the application process through for you, right up to sale completion.
Need advice on finding one of the best mortgage deals available to you? Our mortgage advisor, Tony, is available to chat with over the phone, or in person – at either your own home or at our branch in Nottingham. Call 0115 9243304.
The reviews for our broker, Tony, at Premier Mortgage Services speak for themselves! Don’t worry, you’ll be in safe hands every step of the way.
Our mortgage advice
We don’t work for a bank and are not affiliated with any particular lender. This means we only have your own interests at heart when we provide advice. We’re also not a big corporation. We are a local, family run and independent agency and also very friendly!
We would always recommend seeking mortgage advice before viewing properties with estate agents. This will help you decide how much you can borrow and avoid unnecessary viewings on properties you may not be able to afford.
They will also be able to provide you with an Agreement In Principle or AIP. This proves to a home owner that your offer is serious, as you have already had a note from your mortgage lender saying they have assessed your situation.
Mortgage advice tailored to you
We can usually help you in all situations. Perhaps you are unsure if you can get a mortgage, or you are self employed and want to know how much you can borrow? Maybe you are a first time buyer looking for mortgage advice. Our brokers also help those who are looking to buy a new home and remortgage or those purchasing an investment property with a buy to let mortgage. We can also offer mortgage advice for several other schemes – just ask! We offer advice you can trust, from a local, family run, mortgage broker service.
During your mortgage advice appointment you can find out:
Which lenders will approve a mortgage based upon your personal financial circumstances
How much you could borrow from a lender
Which lenders have the best interest rates based on your income
How you can gain approval for a mortgage if you have any debts, CCJs or loans
How much your monthly repayments would be on a mortgage
Whilst our office also houses the estate agent Nottingham team, we are not affiliated to any particular lender. This means the mortgage broker you speak to can compare potentially hundreds of different lenders to help find you the best mortgage deal. This is what is meant by the ‘whole of market’.
We’ll also look at any hidden mortgage costs and help you decide whether each deal is suitable for you based upon your individual circumstances.
Mortgage approvals also have hit an all time high at the end of 2018. This means that mortgage companies are willing to agree lots of deals for property buyers. If you’re worried that you may not get a mortgage then you could be wrong! Talk to our mortgage broker today to find out.
Got a complicated financial situation and need to know if you can get a mortgage?
Talk to us today – You can probably get a mortgage deal with bad credit or on a low income. We always give 110% to try and find you a mortgage deal – it’s what we’re here for! We receive a large amount of enquiries from those looking to buy their own home but cannot afford to do so because of low credit, debts or other issues. Whilst we cannot absolutely guarantee we can find a mortgage deal for you, we will certainly try every avenue we can.
Looking to book a mortgage advice appointment in Nottingham? Use the form below and we will call to advise or book an appointment.
Nottingham is rated as one of the best cities for buy to let property investments. We offer free initial mortgage advice appointments to investors looking to buy to let on a regular basis. Whether you are looking to buy a house, flat, or swap your mortgage from a residential to a buy to let, we can help and provide local advice! Our mortgage brokers can also help with splitting your money across several mortgages in a process called Gearing. This would help you increase your property portfolio. Why not talk to our property sales team whilst you are here on a mortgage appointment? They can advise on some of the most lucrative investment properties available.
First time buyer mortgage advice
If you are a first time buyer looking to buy your first home then we can help. If you have no idea what to do when applying for a mortgage then our mortgage brokers will explain everything to you, there’s no need to worry about a thing. Whilst you’re chatting about your first time mortgage, why not chat to our sales team about Help To Buy schemes and see which first time buyer properties we have available to buy?
Self employed mortgage advice
It is a fairly common thought that those who are self employed may struggle to get a mortgage deal compared to those who are employed. This is often not the case though. If you are self employed and looking for self employed mortgage advice then we should be able to find a great mortgage deal available for you. Our mortgage advisor will be able to answer all of your questions and make recommendations based on your own financial circumstances.
You can also find out how much you could potentially borrow by using our Mortgage Calculator. By submitting just a few details our recommended mortgage broker will look over the details and find some of the best deals available to you.
You can also download our free mortgage advice e-book to explain the whole mortgage application process. It is definitely worth a free for all first time buyers.
A mortgage is a loan secured against your home. Your home may be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it. Think carefully before securing other debts against your home.
Walton & Allen Financial Services: Mortgage Advice Nottingham. Walton & Allen are also estate agents and letting agents, Nottingham.
About our mortgage brokers in Nottingham
Our mortgage broker provides advice in our branch, however they are employed by another company.
Mortgage and Protection advice is provided through our association with the mortgage brokers at Premier Mortgage Services (Nottingham) Ltd. Their mortgage advisors have been providing advice for well over 20 years and have access to almost every lender. They also have some exclusive deals which wouldn’t be available if someone went direct. They also help clients from all over the UK and even have a broker based in London. There’s almost nothing they cannot do when it comes to helping you!
Our recommended mortgage brokers, Premier Mortgage Services, is a trading name of Premier Mortgage Services (Nottingham) Limited, which is an Appointed Representative of Stonebridge Mortgage Solutions Ltd. It is authorised and regulated by the Financial Conduct Authority (FCA).
Registered in England and Wales No 3476608. Registered office: 10 Derby Road, Stapleford, Nottingham, NG9 7AA.
Where to find our branch
We can be found in Lace Market Square in Nottingham city centre.
We expect the property market to stall for a little while whilst we all self isolate and stay safe. We are still agreeing sales but obviously not as many as is expected for this time of year.
We do not expect to see a drop in property prices as a result of COVID-19. In fact, our experience shows that prices are still going up.
Online property views will increase
The majority of Nottinghamshire residents are currently sitting at home for most of the day and night. With not much else to do, they are likely to browse Rightmove, Zoopla and On The Market to find their new home or a new investment property.
The same happens on Boxing Day every year when families are staying in with little to do other than watch TV.
Sales will slow
We have suspended all in-person viewings until further notice. This is likely to be mid-April at the earliest. We are still conducting some video viewings where we can.
Less viewings means less sales, unfortunately. We are still actively pushing properties where we can but most buyers are unlikely to put an offer forward without seeing the home they want to buy first.
We are still agreeing sales
Despite everything that is happening in the world, we are still agreeing sales. We are still getting offers through over email on a daily basis and our inboxes are filling every day with enquiries.
Viewings are also being booked for April.
Now is still a very good time to be on the market if you want to get your property seen.
Properties are still being listed
We are still conducting valuations. People still need to move and get the wheels in motion despite the current situation.
We can provide a property valuation either over email or through video call.
At Walton & Allen and Stoneyard, we are doing everything we can to ensure the safety of our staff and clients. With the recent Covid-19 outbreak, we are still open for business but are making some temporary changes to how we operate.
We will continue to supply the same level of service where we can. It is important to note that we are still valuing properties, conducting viewings, agreeing sales and providing maintenance.
We ask everyone to please stay safe and follow government guidelines at all times.
Some of our staff are currently working from home. Most will be in touch via email only although a small number will be able to contact you via mobile phone. Please be prepared for a slight delay in communication as we are currently operating with a skeleton team at our office.
Face to face meetings
In the interest of protecting our staff, clients and the wider community we are limiting meetings to those which are only essential. We ask that clients and new customers only visit our offices if a meeting has been pre-arranged. All other communication should be via phone and email where possible.
Viewings are still going ahead where possible. If you are viewing a property and begin to feel unwell then please get in touch to reschedule. Viewing appointments may not be completely flexible whilst we operate with fewer staff, however, we will do our very best to fit you in where possible.
We are experiencing a high level of phone calls and emails from people regarding property viewings, valuations and sales which have been agreed. Please bear with as whilst we work through these.
Tenant checkout inspections
If you are a tenant and moving out we are currently not conducting checkout inspections until you have left the property. Please return the keys to our office and we will inspect your rental property shortly after.
We are still operating as normal with our rental collection, tenant find and fully managed services. We have postponed all quarterly property inspections for the immediate future for the safety of staff and tenants.
Maintenance works will still go ahead when they are reported to us. Please bear with us as there may be a shortage of maintenance operatives as the days progress. We will be prioritising emergency maintenance works where possible.
If you are in self isolation and have an emergency maintenance issue then we may need to take precautionary measures so please make us aware as soon as possible if we are visiting your property.
In the interest of safety for staff and residents, site visits will be suspended until further notice. Some staff are working from home and are only contactable via email.
Building maintenance issues will still be attended to when reported to us. Please continue to report any maintenance problems via phone or email and they will be dealt with as soon as possible.
Our accounts team are currently working from home in isolation. Please direct all enquiries through email as you will not be able to get through via phone. Their email address is email@example.com.