Property Drop Issue 8

6
PROPERTIES
Enjoy an executive lifestyle
for less at King’s Wood Gate!
Discerning house-hunters in Monmouthshire are
being offered the chance to discover their dream
home at Taylor Wimpey’s King’s Wood Gate
development in Monmouth, for less than they
might have thought.
There’s a wonderful range of magnificent homes
available, including three, four and five bedroom
properties priced from £212,500.
This stunning development has proved extremely
popular with property seekers, which comes as no
surprise thanks to its enviable location close to a
choice of well regarded schools.
With these fantastic homes proving to be such
great value compared with property prices nearby,
with the average three bedroom home in Bristol
costing £323,975, for example, it’s no wonder
King’s Wood Gate has been such a huge hit with
savvy buyers!
And if you use Taylor Wimpey’s Part Exchange
scheme available on selected plots at the
development – there are no estate agent fees to
pay saving even more on the cost of moving.
*The average property price for a three bedroom home
in Bristol was £323,975 on 6th July 2017, according
to independent property website www.home.co.uk.
Taylor Wimpey 01600 730791 www.taylorwimpey.co.uk
To discover more about the new homes at King’s Wood Gate visit the Welcome Centre, located off Wonastow Road, Monmouth, NP25 5TW,
and open daily from 10am to 5pm, or call the Sales Executive on 01600 730791.
Could the Bank of Mum and Dad
solve the affordability crisis?
New research from Legal & General has found that, with the potential to help 450,000 people onto the
housing ladder every year, lifetime mortgages could be the best option for many.
According to L&G, the Bank of Mum and Dad could hold the key to tacking
the “housing market’s affordability crisis” in the face of escaliting house prices
continuing to rise well above inflation.
The research found that 3% of over-55 households have unlocked value from their
properties within the past year and a further 4% are considering doing so in 2017, the
research finds.
According to the Office
for National Statistics, in
2016 the average house
price in England and
Wales reached 7.6 times
average annual earnings.
The same research into
buyer affordability
revealed that over the last
20 years, house prices
have increased by 259%, with wages only rising by 68% over the same period.
Steve Ellis, Managing Director, Legal & General Home Finance, said: “Releasing
equity from a family home has the potential to play a role in tackling our housing
market’s affordability crisis. By releasing equity using a lifetime mortgage, parents and
grandparents have the opportunity to help their loved ones onto the property ladder.
Legal & General Home Finance’s aim is to make releasing equity from a home
part of the mainstream mortgage market. This growing market has the potential to
support nearly 450,000 people onto the property ladder this year alone. By taking out
a lifetime mortgage, older homeowners could see their relatives enjoy the benefits of
their inheritance now rather than after they are gone.”
Written By Warren Lewis from propertyreporter.co.uk