Katie Price’s West Sussex mansion is ‘for sale’

Katie Price is planning to sell her West Sussex mansion, where she found her husband cheating with her best friend.

Katie Price

The glamour model wants to make a fresh start by selling the £2m property, which includes stables – one of several locations where the cheating took place.

The stables are a painful reminder for horse-loving Katie following her husband’s confession of an affair with her best friend Jane Pountney earlier this year.

It follows fresh revelations today that her husband Keiran Hayler also had an affair with her friend Chrissy Thomas in road lay-bys.

Katie told The Sun: “I’ve known Jane and Chrissy for years. They are two people who I thought would have my back and Kieran has been in my house with all three of us, knowing he is sleeping with all of us.”

Keiran is alleged to have had a seven month affair with Jane – on many occasions in the home as well as the stables.

He told the Sun on Sunday: “It was around 1am and I was hammered from drinking Porn Star martinis. I head up to the stables where a friend of mine was meant to be staying and Jane followed me. We had sex standing up.”

Katie is pregnant with her fifth child – her second with Keiran.

She bought the luxury six bedroom home in 2010 and moved in with her then husband Alex Reid.

She was previously married to singer Peter Andre, who is the father of two of her older children. Her fifth child is from a relationship with Dwight Yorke.

Katie had initially tweeted that she would be getting a divorce from Keiran. But it seems those plans may now be on hold after she co-hosted a baby shower with him and also suggested that she may take his name if he could prove himself to her following his affair. The property is being sold privately.

So, where will the glamour model go next? If she remains in West Sussex, here are some options with her £2m budget.

For sale:

1. Five bedroom house in East Grinstead.

21.07.14 Katie

2. Six bedroom house in Burgess Hill.

21.07.14 Katie 1

3. Six bedroom house near Pulborough.

21.07.14 Katie 2

 

July 21, 2014 at 11:02 AM Leave a comment

Highest number of first time buyers for 7 years

The number of people getting on to the property ladder hit a seven-year high during the first half of the year, figures showed today.

First time buyer

An estimated 144,500 people bought their first home in the six months to the end of June, the highest number for the first half of the year since 2007, before the financial crisis struck.

The total was 25 per cent up on the same period of 2013, according to mortgage lender Halifax.

It was also the third consecutive year in which first-time buyer numbers have surpassed the 100,000 mark during the six months to June.

The increase in first time buyers outstripped the improvement in the number of existing homeowners who bought a property, with the number of next time buyers increasing by only 20 per cent during the period.

As a result, first time buyers accounted for 46 per cent of all home purchases during the six months, the highest proportion since 2000.

Despite recent strong house price inflation, low interest rates helped to keep mortgage repayments affordable for people buying their first home.

The typical person getting on to the property ladder had to devote 31 per cent of their post-tax income to mortgage repayments.

Halifax said this figure was significantly below both the peak of 47 per cent of earnings reached during the first half of 2007 and the long-term average of 34 per cent.

But first time buyers did have to put down significant deposits, with these averaging £31,129 – 9 per cent more than they put down a year earlier.

The size of the deposit as a proportion of the purchase price has almost doubled since the financial crisis struck, to stand at 19 per cent during the second quarter of 2014 compared with 10 per cent in 2007, as lenders withdrew high loan-to-value mortgages.

The average age of a first time buyer has also increased, rising to 30 years old in 2014, compared with 28 in 2009.

Craig McKinlay, mortgages director at Halifax, said: “First time buyers are an important segment on the housing market, accounting for 46 per cent of home purchases in the first six months of the year.

“The resurgence in the number of first time buyers getting on to the housing ladder has been buoyed by improving economic conditions, rising employment levels as well as Government schemes such as Help to Buy.”

The typical first time buyer paid £167,137 for their home during the first half of the year, putting 60 per cent of people above the £125,000 threshold at which Stamp Duty kicks in.

Unsurprisingly, there were significant regional variations, with first time buyers in London paying the most for their property at an average of £306,354.

This figure was more than £100,000 above those in the South East, which had the second highest purchase price at an average of £203,826.

The North was the least expensive region in which to get on to the housing ladder, with first-time buyers paying an average of £110,410 there, meaning 72 per cent of them did not have to pay any stamp duty.

People buying their first home in London had to save the most for a deposit at £76,435, while those in the North West put the least down at £16,532.

July 19, 2014 at 8:00 AM Leave a comment

Homebuyers face ‘more conservative lending environment’

Mortgage lending rose by 17 per cent during June, but the pace at which it is increasing showed signs of slowing, figures revealed today.

Mortgages 5

A total of £17.5bn was advanced during the month, 4 per cent more than in May and 17 per cent above the level for June 2013, according to the Council of Mortgage Lenders.

But the group pointed out that while the year-on-year growth level was still strong, it was softer than the figures seen earlier in the year.

Lending rose by more than 40 per cent in both January and February compared with the same month of 2013 – more than double the increase seen in June.

Bob PannellBob Pannell, CML chief economist, said: “The macro-prudential interventions announced by the Financial Policy Committee in late June are finely calibrated and precautionary, but could nevertheless reinforce April’s Mortgage Market Review in tipping the UK towards a more conservative lending environment.

“It is difficult to gauge the short-term direction for house purchase activity and mortgage lending more generally, given unknown regulatory impacts and uncertainty as to when the first in a series of interest rate increases will take place.”

Recent strong house price inflation has led to concerns that a bubble may be building up in the property market, particularly in London where annual growth hit a record 20.1 per cent in May.

The rises have left the average cost of a home in the UK standing at £260,311, according to Zoopla.

But commentators have been quick to point out that while the property market recovery has been strong in London and southern regions, it is only just beginning to take off in other areas of the country.

The Royal Institution of Chartered Surveyors has also said demand from potential buyers is beginning to moderate, while more properties are being put up for sale, helping to ease the previous mismatch between supply and demand.

Meanwhile, the Bank of England’s Trends in Lending survey showed a fall in the number of mortgages approved for house purchase during the three months to the end of May, amid reports of a slowdown in housing market activity.

It added that the introduction of the Mortgage Market Review may also have contributed to the drop as lenders introduced new processes and trained their staff.

There was also an increase in the cost of two-year fixed rate mortgages during the period on the back of speculation about when interest rates would start to rise.

The average rate charged on a two-year fixed rate deal with a loan to value (LTV) ratio of 75 per cent rose by 0.19 per cent during the three months, while the same mortgage with a 90 per cent LTV increased by 0.12 per cent.

The Bank said swap rates, upon which fixed rate mortgages are based, had risen by a similar amount during the three months.

It added that some major lenders expected mortgage rates to continue increasing during the rest of the year, partly due to rising swap rates.

Demand for mortgages from people buying a house increased “significantly” during the three months, and lenders expect this trend to continue going forward.

There was also a slight increase in mortgage availability during the period, particularly for people looking to borrow 90 per cent or more of their property’s value.

July 18, 2014 at 11:24 AM Leave a comment

What can you rent in Britain for monthly average of £745?

The average price of renting a property is currently £745 a month. But there is a huge variation in different parts of the country, with London costing £1,124 a month, while average rents in the East Midlands being almost half that amount at £575. What can a tenant rent around the country for £745?

1. Unfurnished two double bedroom flat in Manchester’s Stretford, with secure parking.

17.07.14 Rent 5

2. Modern three bedroom detached house in Warwickshire’s Rugby.

17.07.14 Rent 4

3. Two bedroom flat with driveway parking and communal gardens in Stafford’s Weston.

17.07.14 Rent 7

4. Unfurnished studio in a Grade II listed Regency building in Hove’s Palmeira Square.

17.07.14 Rent 1

5. A newly decorated two bedroom semi-detached house in Bristol’s Bradley Stoke.

17.07.14 Rent 2

6. Detached bungalow in York’s Appletree Village, with two double bedrooms, a single garage and maintained gardens.

17.07.14 Rent 6

7. Unfurnished two bedroom terrace house with new kitchen and bathroom in Chatham.

17.07.14 Rent 8

 

 

July 17, 2014 at 2:48 PM Leave a comment

Moving to the country? Historic Shropshire accessible within ‘2 hour commute’

Many people dream of a life changing move to the country, but few buyers’ dreams extend quite as far as Shropshire, the point at which England and Wales collide. Which is a great pity because this midlands county is blessed with an appealing mixture of historic towns like Shrewsbury and Ludlow and fabulous open countryside dotted with pretty villages.

16.07.14 Shrop 8

And its under-the-radar feel means that compared to neighbouring Cheshire or more fashionable rural hotspots Gloucestershire and Oxfordshire it represents fantastic value for money.

The average property price in the county is £206,260, up 7.71 per cent in the last 12 months.

Shropshire does not possess a city and its county town Shrewsbury is, said Kevin Boulton, a partner at Strutt & Parker, a somewhat quiet and sedate place, with beautiful architecture, walks beside the River Severn and a relaxed pace of life.

Shrewsbury was hit hard by the recession but its empty shops are filling up once more with a pleasing mixture of independents and chains and plenty of street cafes. A focal point is The Quarry, a riverside park and setting for the town’s annual flower show.

Buyers include locals moving in from the surrounding countryside, retirees and families drawn in by the schools. There is, of course, the eponymous public school, now co-ed, as well as good state options like The Priory School and Belvidere School, both for senior pupils and both rated “outstanding” by Ofsted.

Shrewsbury will become a more convenient option for commuters when, in December, Virgin Trains begins running a fast service that will reach the capital in two hours.

And the following year Shrewsbury’s atmosphere could become a little buzzier with the opening of University of Chester Shrewsbury Institute, which will accept its first students in October 2015.

The average Shrewsbury property costs £219,609, up 8.64 per cent in the last year and property in the town ranges from historic timber framed houses right in the town centre to lovely Georgian townhouses and Victorian villas. For £250,000 you could buy a city centre apartment or a small, two bedroom, townhouse. For £500,000 you could buy a larger Georgian townhouse in the city centre or head for the suburbs for a five bedroom, detached Victorian property (or a modern executive home).

Right at the top end the grandest Georgian houses, with eight to 10 bedrooms, gardens and parking, sell for between £1.5m and £2m.

If Shrewsbury is quiet then the south of Shropshire, with its sleepy villages and pretty hamlets, is positively inaudible. Its metropolis, if you can call it that, is Telford, close to the Welsh border (its castle was built in the eleventh century to repel the Celtic hordes).

This mediaeval town is breathtakingly pretty, packed with historic buildings and some extremely fine dining rooms. It has no less than three Michelin starred restaurants, and its tourist appeal means there are lots of interesting curio shops and cafes plus a good arts centre and cinema.

The town hosts a series of annual festivals, including a prestigious food festival, and a Shakespeare festival.

And while the standard of schools is somewhat mixed there are bright spots including Bishop Hooper CofE Primary School, rated “good” by Ofsted.

Average prices in Ludlow currently stand at £249,680, up 4.89 per cent in the last year.

Rai Fisher, a sales and lettings negotiator at Andrew Grant estate agents estimates that a budget of £250,000 will buy you a small but pretty Tudor house right in the town centre, with two bedrooms.

If you have £500,000 to spend you could buy a three to four bedroom terraced townhouse – probably one with Tudor roots but a ‘new’ Georgian façade – in the heart of the town or a four bedroom period detached home with a half-acre garden on the fringes.

Moving north, right at Shropshire’s northern border with Cheshire, is Ellesmere, a small Lakeland town surrounded by seven meres (long, but relatively shallow lakes). The area is perfect for walkers, riders and sailing enthusiasts and the town is small but beautiful with a couple of dozen shops on its high street, a weekly market, and some good traditional pubs. The town’s eponymous primary school is rated “good” by Ofsted, as is Lakelands School, for senior pupils.

Like the rest of the county the range of property available is wide, but John Quinn, director of Halls estate agents says buyers could buy a three storey redbrick cottage in the town centre for between around £120,000 and £170,000. If you want a larger home, four to five bedroom Victorian houses start at around £400,000.

Four miles away from Ellesmere is Colemere, probably its most sought after satellite village. Although it has no facilities to speak of its lovely period houses, unspoiled feel and waterside location push it into poll position with buyers. Buyers could spend around £300,000 on a two bedroom cottage in Colemere, or circa £650,000 for a period four bedroom house with five to 10 acres of land.

For sale:

1. The Shropshire countryside is a rich hunting ground for outstanding historic mansions, like Yeaton Peverey Hall, a Victorian pile near Shrewsbury. The Hall has 11 bedrooms, sits in about six acres, and comes with five self contained flats and plenty of useful outbuildings. It is on the market for £2.9m.

16.07.14 Shrop 1

2. For something a little more modest, Woolstaston Hall is a Grade II listed house with fabulous views over the south Shropshire hills. The six bedroom house, with 20 acres, is for sale at £1m.

16.07.14 Shrop 2

3. If you would prefer to be in town, this five bedroom wisteria clad beauty in Shrewsbury is on the market at £975,000.

16.07.14 Shrop 3

4. If you want a house with a Gothic twist this rambling six bedroom property in Coalbrookdale will fit the bill, for sale for £720,000.

16.07.14 Shrop 4

5. For buyers on a lower budget try a lovely three bedroom historic cottage in Market Drayton, priced at £129,000.

16.07.14 Shrop 6

6. Or a classic Shropshire ‘black and white’ timbered house in Ludlow, with three bedrooms, on the market at £255,000.

16.07.14 Shrop 7

July 16, 2014 at 3:07 PM Leave a comment

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