Durkan estates offers exchange bond to home buyers
Durkan Estates has introduced the Exchange Bond to help buyers secure a new home. This means that buyers of off-plan properties, with completion dates longer than three months, will have that time to save for the deposit.
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Developer turns to cashless deposit optionAgainst the background of inflationary pressures in the UK, developer Cassidy Group has chosen to sell its 52 apartments with an Exchange Bond in place of the cash deposit traditionally required at exchange of contracts.
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Cashless deposits used to incentivise salesHomebuilders are looking for new ways to incentivise sales, by using the Exchange Bond, a form of cashless deposit to offer new benefits for both buyer and seller.
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Overseas Exchange Bond: key to riding the credit crunchAccording to experts at CM Real Estate, the Exchange Bond has become a lifeline for intermediaries and property advisers keen to help clients continue buying in spite of the gloomy financial climate.
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Dunsany Developments Ltd has become the first developer in Northern Ireland to accept the innovative Exchange Bond across its new developments.
More property advisors are advising their clients to use the Exchange Bond as opposed to a cash deposit when buying property.
The Exchange Insurance Company (ExCo) has announced that Downtown Living will be offering the Exchange Bond to buyers of new homes at The Room development in Preston.
GHL Group, one of the UK’s premier mortgage distribution companies will become the first mortgage network to offer its members the Exchange Bond, an alternative to cash deposits when securing a property.
House price growth remains stable across most of the UK, although prices in London are increasing and prices in Northern Ireland are falling.
New evidence supports Yorkshire Building Society’s findings that more borrowers are choosing to fix their mortgage for the longer term as economic conditions remain uncertain.
Latest research from Halifax shows the ability of key public sector workers to purchase their own home continues to improve and is approaching the level achieved ten years ago before the house price boom.
Research commissioned by specialist buy-to-let lender Paragon Mortgages, has shown a significant regional shift in the rental yields achieved by landlords.
