North Wales Leading
Estate Agent, Letting Agent and Valuers

Rightmove is teaming up with BT, the UK’s biggest internet provider, to list the internet speeds of the 1m homes listed on its website, The Telegraph has learnt.
It is understood that Rightmove is planning to list broadband speed alongside standard information, such as the number of bedrooms and whether the property has a garage or garden.
A source close to the company said: “Broadband is becoming one of the most, if not the most, important considerations for prospective buyers. Many people fall in love with a home only to find out it can only get really slow internet. By listing broadband speed with all the other property details buyers will be able to weed out homes that don’t have high-speed access.”
Rightmove, which displays the details of about 90pc of all the properties for sale in the UK, will also list whether or not the property will be covered by BT Infinity, the telecom company’s new 40 mega bits per second (mbps) broadband. BT is rolling out the 2.5bn fibre-optic broadband network at a rate of 80,000 homes a week. It is due to reach 16m homes by 2015.
A spokesman for Rightmove said: “As a leading UK website services like superfast broadband obviously interest us and we have recently looked into how it can benefit us, although we are not currently in any form of partnership with BT.”

A MAJORITY of surveyors in Wales believe house prices dropped during February and the number of new sales also fell over the month.
The percentage of surveyors reporting house price falls was 58%, one of the highest rates across the UK according to the Royal Institution of Chartered Surveyors (RICS).
There were also falls in the number of new sales agreed in Wales, the East of England, and the East Midlands, with surveyors continuing to report a lack of buyer confidence.
Across the UK the property market showed signs of improving last month but prospects for house prices in the south of the country appear far stronger than in northern regions and Wales.
Nationally the number of surveyors reporting house price falls dropped for the fourth consecutive month to a balance of 26% – the lowest level since July last year,
12% of respondents said house prices actually rose in February, while more than half said they were unchanged.
Among surveyors who did see price falls, the majority said they were in the 0% to 2% range.
But there are strong regional variations in the market.
RICS housing spokesman Jeremy Leaf said: “Despite the more positive picture for some parts of the UK, the general mood is still a little flat.
“Broad trends in the survey indicate an increasing variation in the housing market across the UK, with London – and to a lesser extent the South East – operating in a very different orbit.
“Rather ominously, we have probably yet to feel the full impact of the public spending cuts, which are likely to lead to further divergence in the regional property market.”

As the economy slowly recovers banks are being pressured to offer more realistic and attractive products to consumers. Roughly this time last year finding mortgages requiring less than 25% deposits was a rather and often un-fruitful task. Now we are seeing an increase in lending and a decrease in the amount of deposits required. We are still a long while away from the resurgence of 100+% mortgages.

There is a slight sting in the tail with this news which is that as deposits decrease, interest rates increase. It has been speculated that for every 5% of deposit 0.5% of interest is removed. These figures are purely speculation but seem to follow a trend in today’s financial institutions.

With low house prices and easier mortgage access, now is the time to buy, many experts believe that housing market trends can only increase from here on in.

That being said, if buying or selling it is now, more important than ever to seek the best possible advice on markets and mortgages, that silver lined ‘bargain’ may be a financial black hole.