Target Property Services NE

Blog

24th October 2020

Sales, Mortgages & Down-Pricing

Mortgages – Buyers Beware?

Recent claims that down-pricing a property by the mortgage company when a sale is agreed is nothing new. To be happening in up to 46% of cases recently is rather alarming. In turn forcing potential buyers out of the market due to the shortfall in the mortgage on offer.

Although being experienced by many buyers across the property price divide. The majority of these cases continue to be first-time buyers, who appear to continue to suffer the most in an already difficult market place for them.

A survey by the Bank of England only last week, warned that mortgage lending may become even stricter in the coming months as lenders are wary of economic problems caused by the pandemic. So please beware!

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Testimonials

Joe has provided a 5 star service. My mum’s rental property has stood vacant for some time as she has had an extended stay in hospital. He met me at the property within days of making contact, and found us a tenant within 3 days! He even treated the weeds, fixed a broken window and sorted out the safety checks for me. It took all of the pressure off and was a very friendly and professional service. I would highly recommend!

- Rachael

As a tenant, the service I received from Joe was extremely quick and professional. Everything I asked about was dealt with prior to me moving in and he is very responsive to any queries I may have. I would highly recommend Target Property Services NE.

- Barbara

My property was on the market with 3 other agents for over 2 months without any success. To be honest I felt they weren’t even trying. I thought I would give Target Property Services an opportunity to market my luxury quayside apartment as I had heard good reviews about them. Within 24 hours of them listing the apartment to let, they had 2 viewings booked in and within a week a new tenancy had been agreed. First class service at a very competitive price that puts others to shame, plus an unrivaled personal touch that cannot be found with any of the better known high street estate agents. I am now very happy for Target Property Services NE to market and manage all my property portfolio. Highly recommend.

- Chris

Joe has been our landlord for 5 years now and we cannot be happier. Renting from him has been an absolute pleasure. He is professional, helpful and caring, and if we ever have a problem, he is there to sort it out quickly and efficiently. The house we rent from him is lovely, and safety checks and boiler servicing are carried out regularly. We feel very much at home and cannot recommend him highly enough. Thank you Joe.

- Simon & Christine

I would highly recommend Target Property Services NE. Joe has been fantastic support to getting my first home and very quick at responding to any questions or queries I've had about the property. Very friendly and very professional.

- Grace