Wednesday, October 12, 2011
Frank Innes launch initiative to stimulate the propety market
Leading Midlands estate agents Frank Innes have become one of the first agents in the East Midlands to provide buyers and sellers with an innovative proposal to ease the financial pressures associated with buying and selling a property; by launching 'Frank Innes Assist'.
Mortgage fees, stamp duty costs, legal fees, and agents fees are just a few of the upfront costs associated with buying or selling a property, which can increase quite rapidly.
Consultants throughout Frank Innes' 16 offices across the East Midlands will be offering one or two year interest free loans to make it easier for sellers to put their property onto the market and for buyers to get on and move up the property ladder.
An initiative financed by Hitachi Capital, 'Frank Innes Assist' will allow sellers to spread the costs over 12 months. Sellers who take advantage of Frank Innes Assist will also open up their property to a wider range of potential buyers; as buyers who purchase a property where sellers are using this initiative, will also be eligible to apply for an interest free loan. This can free up cash, which can then be used to boost the level of deposit allowing them to access much more competitive mortgage rates.
Jonathan Simpson, Managing Director for Frank Innes said;
"Selling or purchasing a property is one of the biggest financial transactions that most people make in their lives and it often includes unavoidable expenses with upfront costs that can leave a big hole in the budget. This initiative aims to stimulate the sales market and make the housing ladder much more accessible for all, particularly first time buyers across the region.
"We always try to offer our clients the best deals and provide assistance throughout the home buying and selling process, and we hope that the opportunity to spread costs over a longer term will ease the financial pressures for our customers."
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