9 Crown Row, Bracknell, Berkshire, RG12 0TH
Marney Howick
Sales Valuer
Marney has worked in estate agency since leaving school and has experience in the Berkshire, Hampshire and Surrey property markets. She certainly has gained some exceptional local knowledge! Outside of work, Marney has a crazy beagle who keeps her busy, she loves playing Paddle with the girls in Binfield, and trying out new local bars and restaurants.
Top of my bucket list is…
I’d love to go to Bali!
When I was younger, I wanted to be…
An estate agent.
On Sunday mornings, you can usually find me…
Out for brunch, followed by a walk with the girls and our dogs.
My guilty pleasures are…
Prosecco and awful reality TV.
The thing I like best about my job is…
Building long lasting relationships with my clients and getting to see beautiful homes! I feel extremely fortunate to have worked across several counties and helped lots of lovely people move home.
The best piece of advice I’ve been given is…
You make your own luck.
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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