Tag Archives: Mortgages

Dawson’s April Newsletter

April 7, 2019 Editor

Community News:

Dawson’s have proudly sponsored the Swansea City AFC disability supporters association for some time now, regularly attending events and raising awareness of the group where we can. The SCAFCDSA was set up in 2013 and is the recognised representative body of the disabled Swansea City AFC supporters, they work hard to ensure they; bring together the disabled supporters into one group including their family and friends, put the views of SCAFCDSA members to Swansea City AFC and other bodies along with improving facilities and policies that affect the disabled supporters.

This is very much an inclusive club, and extremely welcoming. They hold events throughout the year for their members and families. Our marketing teams Naomi Webborn and Joe Chiffi recently attended the latest event and very much enjoyed taking part in the raffle, Q & A session and quiz.

Any disabled supporter is welcome to join, more info can be found on their website:

http://www.swansdsa.org.uk/

Industry News:

Dawsons Wins ‘Feefo Gold’ Trusted Service Award 2019

We are so delighted to announce we have won the Feefo Gold Service award in February 2019, an independent seal of excellence that recognises businesses for delivering exceptional experiences, as rated by real customers.

Created by Feefo, Trusted Service is awarded only to those businesses who use Feefo to collect genuine reviews and insights. Those who meet the high standard, based on the number of reviews they have collected, and their average rating, receive the award.
The Feefo Award is a badge of honour, and this accreditation remains unique, as it is based purely on the interactions with real customers.

As all reviews are verified as genuine, the accreditation is a true reflection of a business’ commitment to outstanding service. Dawsons have met the criteria of collecting at least 50 reviews between January 1st 2018 and December 31st 2018, with a Feefo service rating of between 4.5 and 5.0.

Chris Hope, our Senior Partner commented: “We’re thrilled to receive this award from Feefo. It recognises how hard we’ve been working to give great experiences to all our customers, who are the most important judges of what we do. We’re committed to delivering the highest quality of service, so it’s important for us to listen, understand and respond to all our customers. Feefo enabled us to consistently improve throughout 2018 and now we’re looking forward to another successful year ahead.”

Top Tips:

Recycling Nation – Get involved
Get everyone in the household involved in recycling Swansea City AFCevery day – it’s not one person’s responsibility.
Recycle ♻️ your cooking water to feed plants

Auction News:

Dawsons Auction Department invite you to attend our biggest ever auction. At the time of typing, the Dawsons Auction Department are taking 25 properties to the auction room, all but one are located in the Swansea area. Properties vary from an array of brilliant investment opportunities from Port Talbot to Pontardulais. We also have quirky properties that offer either investment, pleasure or the possibility of a second home: an iconic beach hut in Langland, Ship and Castle Public House in Loughor with plans to develop and a property on the seafront of Port Eynon.

The Auction Department here is growing from strength to strength, please see below some of the glowing reviews that we have received.

“Selling the property could not have been easier. From the outset, they have been friendly and hard working. Selling my deceased brothers property could not have been easier.”

“Overall a great service. Thankfully due to Dawson’s establishes customer network we were able to auction our property. We did have our challenges through the process but thankfully through hard work it all turned out ok in the end.”

“Efficient and effective, positive experience. I dealt with the auction team together with one of the managing directors. Everyone in the team is very efficient always willing to assist, prompt with replies. First ever sale at auction, daunting experience, would recommend this team. Excellent service.”

If you want a free valuation on any property/land that you want to sell please give Dawsons
Auction call 01792 478904

Fine & Country Property Focus:

Bellendaine, Middleton, Rhossili
Offers Over £699,950

Bellendaine is an absolute gem, full of character and surprises, sat in 1.8 acres of beauty in
Middleton, Rhossili. You have stunning countryside and sea views with an opportunity to have
additional income with it's large annexe/holiday let. It really is quite special. Absolutely perfect for
those, who enjoy the outdoor lifestyle twinned with peace and quiet.

Business Link:

Introducing
Christian Jones
For all your Wealth management and Financial investment advice

Contact Christian on 07786 038555
Email: c.jones179@btinternet.com

Careers @ Dawsons:

Are you considering a career in Estate Agency, Property Management or Surveying?
Visit our website

http://www.dawsonsproperty.co.uk/career.php

for current vacancies.

Reward Card:

Ask a member of our team for information on how to get one of our exclusive Reward cards providing you with discounts and offers in many local companies throughout Swansea & Llanelli.

Relocation Across the Nation:
#weheartrelocation

Mortgage Advice Bureau (MAB) update:

Dawsons Mortgage Advice Bureau – What can we do for you?

This week presented a great example of what Dawsons Mortgage Advice Bureau are doing for our clients day in and day out, and what we could be doing for you! After speaking to one of the major high street banks, a disappointed customer seeking to purchase for £250,000 was left £50,000 short on the mortgage they required. However, after visiting and discussing his needs with Dawsons Mortgage Advice Bureau, we have carefully sourced a mortgage that will secure him his dream home at £250,000, which will also be available at no extra cost with his monthly repayments. Not only did we get the required
mortgage, but we also saved our client payment of £100 per month against the original mortgage payment figure he was offered by his bank.

Your home may be repossessed if you do not keep up repayments on your mortgage.

Can a crystal ball help us to forecast the affect of Brexit on the UK property market

Mortgages

A deeper look into the crystal ball of mortgages

February 13, 2019 Editor

At present, the 5-year fixed rate mortgage is much lower than this time in 2018, not only in the residential market but also in the buy to let arena too. In contrast to this, there has been a ‘creeping rise’ in 2-year and tracker products.

For the residential mortgage market, the often-mooted comparison is between the 2-year or 5-year deals. Historically a 5-year deal would cost a certain percentage more and whilst this remains true for some lenders, many have adjusted their medium-term plans for lending, bringing their 5-year products far closer to parity with the 2-year fixed.

Property Master, a digital platform that uses algorithms to match the requirements of individual private landlords against the entire BTL mortgage market, says that it is 5-year fixed rate mortgages where the price falls can be seen most clearly.

The platform’s monthly ‘Mortgage Tracker’, which follows the costs of a range of BTL mortgage products for an interest-only loan of £150,000 shows 5-year fixed rate offers for 50, 65 and 75 per cent of the value of a property are all down year-on-year.

Savings for each of these mortgages for individual landlord borrowers respectively are £8, £29 and £21 per month.

The cost of many 2-year fixed rates was up year on year. Tracker deals, historically lower than fixed-rate deals are generally up (year on year) too.

But why?

Lenders seem to be speculating about the short-term future of interest rates, paying close attention to the ongoing ‘Punch and Judy’ show between the UK and the EU, imaginatively titled: Brexit.

While the official economic forecast predicts a period of slowing growth, it is also difficult to predict what could happen with interest rates. Some believe that a spike in the cost of goods could trigger an increase in the bank of England base rate to curb spending. Others believe that ‘false inflation’ could be softened by a reduction in the base rate. Quantitative easing is another action which could be employed to aid the economy in times of need. Any of these outcomes could mean a change in the cost of wholesale lending for banks.

The lending strategy is often underpinned by speculation in the market, and with the next 12-24 months being hard to predict, my guess is that banks would prefer their mortgage holders to have medium to long term deals. This provides the bank with the security of a medium-term contract, allowing them to make medium-term plans, set to be reviewed following the turbulence of Brexit if the Brexit process ever ends…

There has also been a rise in popularity for longer-term fixed rates such as 7- and 10-year deals, with popularity leading to competitive rates, many are opting for the ‘longer, longer’ fixed rate.

If you would like to review your current mortgage or are thinking of purchasing a new home for yourself or to invest in property, interest rates are currently quite attractive and there are many options. Speak to one of our advisors.

James Boland

Managing Director

Morgans McGrath, in partnership with Dawsons financial services.

Mortgages

Overpayment – is it something worth considering?

May 13, 2015 Editor

With the ongoing mortgage rate war, there is some debate over whether now is a good time to pay off your mortgage early. Here the UK’s leading independent mortgage broker, Mortgage Advice Bureau, discusses the ins and outs of early repayments and overpayments.

“Credit cards and unsecured loans are prime examples of debts that charge high rates of interest, with some having interest rates that are much higher than that of your mortgage. It is always more beneficial to pay off these sorts of debts before considering paying off your mortgage, being mindful to not revert back to them once you have paid them off,” said David Treharne from Mortgage Advice Bureau.

Those contributing to a pension scheme may also be considering using their savings to pay off their mortgage a little earlier. The government now tops up your contributions with tax relief, and if the company you work for participates in specific pension schemes, they may also match your payments into a pension pot.

David added, “The sooner you begin to pay into a pension pot, the quicker your retirement pot will grow. So, if you find yourself with money to spare, it may be worth considering using your savings to add to your pension for the future rather than pay off your mortgage early.”

Have you thought about what the monetary consequences would be for your family if you were to pass away? If you have dependants who rely on your income to cover your mortgage, life insurance can help provide for them if you were to die, so this may be something worth putting your spare money into instead of paying off your mortgage.

If you are serious about overpaying your mortgage then it is important to consider any charges that may be incurred. Ensure that you check your mortgage deal carefully, you may need to pay an Early Repayment Charge (ERC), though some lenders allow you to overpay by up to 10% a year without any penalties.

“When interest rates are as low as they are now, overpaying on your mortgage will mean that you will have a smaller amount to be charged on when rates do eventually rise. It doesn’t just mean that you may have to pay less in the future, you could possibly pay off your mortgage completely – sometimes years earlier than the original end date. With prices constantly changing, it is important that you seek the advice of a professional mortgage adviser who can talk you through what is right for your personal circumstances,” concluded David. Continue reading →

But why?

James Boland

Managing Director

Swansea & south Wales estate agents blog