9 Crown Row, Bracknell, Berkshire, RG12 0TH
Liam McDonnell
Lettings Valuer
Liam attended school locally in Ascot and began his career in estate agency aged 18 in the Bracknell area. He has gone on to gain experience within the Maidenhead, Reading and Wokingham markets too. Building relationships is what Liam enjoys the most in his role, which gives him the opportunity to meet and help all kinds of people. Away from work, Liam enjoys playing football throughout the week and for a local Bracknell team on a Sunday (some say the next Sunday League Pirlo).
The best piece of advice I’ve ever been given is…
The way to get started is to quit talking and start doing.
Top of my bucket list is…
To travel around America and Australia.
On Sunday mornings, you can usually find me…
On a football pitch in all weathers – potentially a little jaded from the night before.
My guilty pleasures are…
Watching Super Sunday and the F1 whilst devouring a takeaway. Highly recommended.
The thing I like best about my job…
Helping and advising landlords on how to make the process of letting their property as stress-free as possible, and assuring tenants throughout the process so that it becomes an enjoyable and exciting experience.
The person I’d most like to go for a drink with is…
Sir Alex Ferguson.
2 May 2017
Nowadays, especially in many parts of the South East of England, first time buyers might consider buying a home of their own to be out of reach. This is not necessarily the case.
With homes still rising in value, buying a home in the post 2008 credit-crunch environment will therefore require a larger deposit than pre-credit crunch, but there is help at hand for the first time or new home buyer. In particular, there is a Government-funded initiative aimed at providing buyers with a large part of the deposit demanded by mortgage lenders.
Most lenders will require a minimum deposit equating to 5% of the purchase price. Looking to buy a home for say £220,000. However, borrowing costs are increased when you borrow more than 75% of a property’s value and additional costs are likely to be incurred, such as Mortgage Indemnity Guarantee (MIG) premiums, etc.
Using the example above, at 5% deposit, it’s likely you’ll need to find a minimum deposit of £11,000 plus MIG premium. The mortgage interest is also likely to be more expensive. In order to reduce mortgage costs, you might consider taking advantage of a Government-funded initiative aimed at buyers of new-build homes..
The Government scheme is called the Help to Buy Equity Loan and is available in England on homes up to £600,000 in value. The scheme is open to anyone currently not a homeowner, so it’s not restricted to first-time buyers. However, remember that this is an equity loan and as such, the government effectively owns a small share of your home which you must pay back when you sell.
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