Kerry Katona (previously McFadden) has been allegedly spotted outside of estate agents’ windows again.
The Atomic Kitten star is understood to be house-hunting with fiancé George Kay.
Her previous homes reportedly include a five bedroom property near Wigan Lancanshire, which she rented for £7,000 a month. The house boosts a swimming pool, gym and stables.
The star has also been spotted recently at the Manchester Civil Justice Centre, for a meeting in relation to her recent voluntary administration filing. Kerry filed a petition in Wigan County Court in July after struggling with money problems for the past 10 months.
It comes after Kerry was reportedly made bankrupt in August 2008 for failing to deliver the final £82,000 of a £417,000 tax bill.
After three years in Surrey, Kerry recently moved back north on the orders of new manager Martin O’Shea who also encouraged her to rejoin the Kittens for ITV2 show The Big Reunion.
The former Celebrity Big Brother star will need a new home for her four kids and new love George, who she met when he was hired as her minder and driver. She is pregnant with their first child.
Zoopla reveals other rental properties within 10 miles of Wigan, Lancanshire:
For rent: Six bedroom property in Bolton for £4,999 a month
If you are struggling to save the required deposit to get onto the property ladder, but are able to afford the monthly mortgage repayments, the Government is here to help. It has recently launched the second phase of its popular Help to Buy scheme, which can provide a mortgage guarantee to those with just a 5 per cent deposit. The scheme will see the average size of a deposit required by lenders drop from £44,000 to £11,000, according to recent research by Zoopla.
It is welcome news for those looking to buy their first home, as well as existing borrowers who can use the scheme to move home. However I must stress that you must make sure you fully do your research to see if the scheme is right for you.
Here are a handful of tips to get you started:
1. Do your research – gather as much information as you can about the scheme. Visit Zoopla’s helpful Help to Buy page which can be found here – link: http://www.zoopla.co.uk/help-to-buy/
2. Get your financial affairs in order – banks will impose strict lending criteria to ensure you can afford the loan. Documents include up to a year’s worth of bank statements, although some lenders may only require six months. Three months of payslips, a passport, a utility bill to prove your current address and proof of a deposit such as a savings account statement are also required.
3. Speak to an IFA or visit a bank – discuss your options to see if you qualify for the scheme and what level of mortgage you might be able to raise. Banks offering loans under the mortgage guarantee scheme include Natwest, Halifax, Lloyds and RBS.
4. Don’t delay – there is likely to be high demand for the scheme early on. Whilst the guarantees don’t actually come into force until January, you can apply for the scheme now and lenders are offering home loans now.
5. Get searching for your dream home on Zoopla – the scheme applies to new build homes and pre-loved properties. The scheme applies to over 90% of properties currently on the market and all properties up to £600,000 are eligible for the scheme.
Join Zoopla’s Web Editor Myra Butterworth and panelists for a live ‘Help to buy’ web chat on Tuesday 12/11/2013 (12th of November 2013) 1:00pm – 2:00pm
Consider what a typical British family can afford to pay for a three bedroom home and it is likely to be around the £150,000 mark (see *calculation below).
Even this may be a stretch for some, especially for those households with a single income.
Raising £150,000 may sound a sufficient amount, but in reality, it is nowhere near enough if you are aiming to provide a roof for your family in a city – particularly London. Indeed, in the capital, it is virtually impossible if you are hoping for a house with a garden.
One of the few places left where you can buy such a property is Harold Hill, Romford, which sits in the London Borough of Havering, within the M25.
The above three bedroom property in Harold Hill’s Harebell Way is currently for sale at £140,000. It is a terrace property with no garage, but it does have a rear garden. And despite requiring modernisation, it is described by estate agents as ‘one for the top of your viewing list’.
It is the only property of its size – and within this price bracket – that is currently available.
*The £150,000 threshold is arrived at by adding a typical 20 per cent deposit of £30,000 to a mortgage of £120,000, which is just shy of five times an average £25,000 salary. With a £30,000 deposit, the buyers may have either saved well, inherited money or acquired equity from already being on the property ladder.
The Government’s Help to Buy scheme is now up and running, aiming to assist those with a small deposit of just 5 per cent. But the decline in wage growth reported today highlights another issue for those trying to buy a home as lenders traditionally lend around four times your income.
It means a property valued at £250,000 is out of reach for those on average incomes, without a sufficient deposit or equity in their existing home.
The figures published by the Office for National Statistics show wages increased by just 0.7 per cent during the three months from June this year compared to the same period a year earlier – a real terms pay cut of 2 per cent given the current inflation rate of 2.7 per cent.
ONS figures also showed the average value of a home in London rose in the 12 months to July 2013 from £397,000 to £437,000.
Zoopla takes a look at other locations around Britain where it is possible to buy a three bedroom home for less than £150,000.
Location: Newport, Wales
Property: Three bedroom linked detached
Property: Three bedroom terrace
Location: Redruth, Cornwall
Property: Three bedroom terrace