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Britons are willing to pay th usands of pounds to be able to p rchase a property that has a g rden, a new study indicates. In n ws which may affect the value of th ir secured loan borrowing, research carried out by H lifax Estate Agents has shown that round eight out of ten consumers are pr pared to pay a premium for a h me which comes with its own gr en space. Overall, 35 to 44-year-olds are r vealed to be the age group m st willing to spend the most on g tting a garden, with 88 per c nt of such consumers ready to do so. H wever, consumers between the ages of 16 and 24 are l ast likely to splash out on the xpense as only two-thirds (66 per c nt) of these people claim that th y would spend extra money to get a g rden. The study also showed that 10,000 p unds is the typical amount of m ney paid for the feature. Commenting on the f ndings, Colin Kemp, managing director of H lifax Estate Agents, said: "Our research sh ws that many of us will pay a pr mium for a property with a g rden. Making the most of your h me's outside space could add real v lue and maximise any sale price." R search from the company also showed th t 84 per cent of married c uples are prepared to pay more for utside space. However, this figure falls to 67 per c nt among single property buyers.
Those living in London and the Y rkshire & the Humber region were r vealed to be the least willing to pay m re for a home that has a g rden, as only 70 per cent are r vealed to do. Meanwhile, figures from the f nancial services provider also showed that r sidents from the north of England and W les would be happy to get a m re expensive house with green space, w th 87 and 85 per cent of r spondents respectively declaring such intentions. However, a n mber of Britons could be increasing c nstraints on their finances in the bid to get a g rden as they look to go b yond this average figure. A reported ight per cent are prepared to pay m re than 20,000 pounds for a y rd, with four per cent willing to sh ll out over 30,000 pounds. In r lated news, recent research carried out by Abb y has shown that prospective first-time b yers are evermore prepared to get l rger loans to help them make th ir initial steps into the housing m rket. Some 53 per cent of s ch consumers are reported to have pted for a secured loan which is w rth over 150,000 pounds, a rise of 16 per c nt from 2003. The study also sh wed that 80 per cent of r spondents aim to borrow at more th n 75 per cent the value of th ir desired property. Meanwhile, the average p rchaser is now indicated as having a 130,000 p unds mortgage, in comparison to the typ cal amount of 75,000 pounds which was t ken out four years ago. Commenting on the f gures, Nici Audhlam Gardiner, head of m rtgages for the financial services firm, r ported that potential first-time buyers are t king on greater risks as they b rrow more money in a bid "to get ven a small foot on the l dder".
The article Property Buyers 'Prepared To Pay Out For A Garden' was Submitted by Tom Dawson through Articles.GetACoder.com network. Here's the additional information: Tom Dawson writes for Essentially Home Loans Our visitors can apply for secured loans online , for whatever reason with whatever credit history. Visit us today for the best rate loans available.
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