The two-minute Armistice Day silence – to mark the defining ceasefire of the First World War in 1918 – will be observed today at 11am






Thousands will fall silent to honour fallen war heroes on Armistice Day today.

A service of remembrance involving serving soldiers from the Duke of Lancaster’s Regiment will be held at Manchester Cathedral from 10.45am.

The two-minute Armistice Day silence – to mark the defining ceasefire of the First World War in 1918 – will be observed during the service at 11am.

Flags will also be flying at half-mast at town halls and at many public buildings across Greater Manchester as the annual silence is honoured.

This year marks 100 years since the start of the First World War in 1914.

The Lord Lieutenant of Manchester, Warren Smith, will lead civic dignitaries and veterans at the cathedral service.

Soldiers from the regiment, which recruits from across Greater Manchester and suffered losses in both Afghanistan and Iraq, will also parade on the streets.

The 11am silence will be marked with services and parades in towns across Greater Manchester.

In Salford, the mayor will lead an act of remembrance at 11am at the Cenotaph on Chorley Road, Swinton.

Civic leaders, veterans and the public will will join the Royal British Legion in observing a two-minute silence at 11am at Stockport war memorial by the art gallery.

In Tameside, an act of remembrance will be held at 10.55am on the town hall steps in Ashton-under-Lyne. A service and wreath laying will also be held on Godley Hill Road, Hyde, at 10.50am.

Similar services will be held at town halls in BoltonWiganRochdaleOldham andTrafford and in Bury.

The Royal British Legion said it believes that when November 11 falls on days other than Sundays, Remembrance should be brought into the everyday life of the nation.

As a result, many will pause in reflection as businesses, shopping centres, schools – and in their own homes.

At Abraham Moss High School in Crumpsall, pupils will pay their own unique tribute to the nation’s war dead by laying more than 800 handmade poppies to cascade down a hill near to the school building.

Each poppy has the name of a soldier who died in the First World War attached to it after pupils carried out their own research into the conflict.

Whitaker four tower resi plans approved

Wilburn Developments

Whitaker four tower resi plans approved

10 Nov 2014, 11:02


Developer Daren Whitaker’s latest residential scheme has received planning permission from Salford City Council.

The mixed-use development at Wilburn Street Basin includes 491 residential units across four buildings of between eight storeys and 21 storeys in height, set around a communal courtyard.

The apartments include a mix of one-, two- and three-bedrooms.

The development is on land between Ordsall Lane and Regent Retail Park, a 3-acre vacant plot next to the Campanile Hotel.

The proposal was submitted by WB Developments, a company managed by Whitaker. The scheme was designed by OMI Architects.

Paul Butler Associates provided planning advice.

Various companies owned by Whitaker are on site or are in the planning process for residential developments across Greater Manchester. LQ Developments gained planning permission in October for a Hodder & Partners-designed tower in Castlefield, Pinnacle Developments is on site with 500 apartments at Greengate in Salford, and CS Developments is building 282 flats in Cambridge Street as part of the Macintosh Mills redevelopments.


JV North commits £160m to housing

JV North commits £160m to housing




27 Oct 2014, 09:43


Social housing consortium JV North is to spend £160m to build 1,800 homes in the region over the next three years.

Nine members in the North West and one in Nottingham will invest the funds during the 2015/18 Affordable Homes Programme.

The investment will complement the £34.8m grant the consortium was awarded by the Homes & Communities Agency in July, which was the second highest amount in the country outside of London.

In total, 1,745 homes will be built with 1,493 made available at affordable rent rates and 252 offered as shared ownership.

Liverpool Mutual homes will build 554 homes, Helena Partnerships 394 properties, Wythenshawe Community Housing Group 259, New Charter Housing Trust 205 units and Trafford Housing Trust 121.

Preston’s Community Gateway will develop 110 homes, Aksa Homes 35 units, Weaver Vale Housing Trust 20 and Eastlands Homes will construct eight. Gedling Homes in Nottingham will build 39.

Nigel Wilson, chairman of JV North and chief executive of Wythenshawe Community Housing Group, said: “Members of the consortium have proven once again how committed they are to tackling housing demand by supporting the development programme with over £160m of their own money.

“Along with grant from the Affordable Homes Programme, it will allow us to extend the range of tenancy options making housing available to more people in our communities.”

JV North was formed in 2007 and is made up of 10 housing associations; Aksa Homes, Community Gateway Association, Eastlands Homes, Gedling Homes, Helena Partnerships, Liverpool Mutual Homes, New Charter Housing Trust Group, Trafford Housing Trust, Weaver Vale Housing Trust and Wythenshawe Community Housing Group.

Collectively, they manage over 73,000 homes.


Warrington Commercial Property Market thriving

The commercial property market in Warrington is booming! An article in the Manchester Evening News this week reported that investors bought property worth £80m in the town during 2012, up 285 % on for 2011.

More than one million square feet of commercial property transactions were completed last year, according to the report by Warrington & Co, the public/private partnership to promote economic development and physical regeneration in Warrington.

And the office market has got off to a healthy start in 2013 with more than 60 per cent of last year’s total already achieved in the first three months.

All this makes investing in Warrington very attractive at the moment, as all the new businesses will bring new residents looking for somewhere to live.

Luckily Warrington is one of the areas PAL specialises in, so keep an eye on our listings to get your chance of investing in a up and coming market.


PAL sources Repossession Properties in Spain

Property and Land Investment has been working with new partners in Spain to bring you the best, value for money repossession properties on the Costa Del Sol.  Whether you are looking for a holiday home for yourself to enjoy,  or an opportunity to invest in a holiday rental property, with agents who specialize in sourcing bank repossessions and distressed vendor sales covering an area from Malaga to Gibraltar, we’re confident in finding the right deal for you.  Many of these bargains come with guaranteed bank mortgages of up to 100%! Our agents on the coast have access to thousands of such properties and will be delighted to help you with any queries and help you plan a trip to tour some potential purchases.


Mr Osborne’s Budget could help the UK Housing Market

George Osborne’s 2013 budget yesterday included some good news for he UK housing market.  His help to buy scheme will aid first time buyers in getting mortgages approved, which, in turn, will kick-start the whole market. Those who could also benefit from this scheme is property owners who are looking to buy a second property. With the cap on the amount you can pay into a pension annually, with tax relief, being cut from £50,000 a year to £40,000 a year, could Property be the savvy way to invest your money to secure a long term financial asset?

More Good News for the UK Housing Market

Market confidence grows despite fall in lending.

The Council of Mortgage Lenders (CML) estimates that total gross mortgage lending declined to £10.4bn in January. This is 9% lower than December’s gross lending figure of £11.4bn and a 3% fall from £10.7bn in January 2012.

But despite the continuing economic pressures and the drop in gross mortgage lending in January, the outlook for mortgage borrowers remains upbeat, thanks in part to the Funding for Lending scheme.

CML’s Caroline Purdey said: “A worsening in the outlook for inflation presents a greater headwind, but we still expect the funding for lending scheme to lift activity over coming months.”

Purdey points to the fact that residential property purchase activity was robust into the start of 2013, on the back of better mortgage availability and pricing, and she believes that confidence will continue to grow over the coming months.

Brian Murphy, head of lending at Mortgage Advice Bureau (MAB), also expects to see mortgage lending grow as more mortgage applicants aim to take advantage of the competitive prices on offer.

He commented: “We are still adjusting to a new environment when it comes to mortgage rates, with little difference between average two and five year deals. Our National Mortgage Index shows three and five year rates last month were the most competitive since our records began in summer 2007, and with the Funding for Lending Scheme (FLS) encouraging lenders to boost their activity, there should be no shortage of consumer demand at these prices.

“We fully expect to see activity improve in the coming months as lenders look to increase their lending volumes in 2013 over 2012 levels.”

Mortgage approvals continue to rise

With mortgage lending conditions easing, thanks in part to the Funding for Lending scheme, home loan approvals continued to increase last month – reaching a four-year high in the process.

According to detailed research released this morning by e.surv chartered surveyors, mortgage approvals rose on the back of falling mortgage rates, a wider range of mortgages available to borrowers, and an improvement in lender confidence,

e.surv’s latest Mortgage Monitor reveals mortgage approvals climbed 17% from 55,785 in December to 65,184 in January, making it the strongest month for residential property purchase lending since February 2008 – before the financial crisis. It also marked a 13% improvement on January last year. It is the strongest indication yet that the mortgage market is beginning to recover and regain some of its pre-2008 health.

The improvement in lending was driven by high LTV borrowers and first-time buyers, who accounted for the biggest overall share of the increase.

Lending to borrowers who had a deposit of less than 15% increased by 30% between December and January, reflecting a significant improvement in the availability and affordability of first-time buyer loans.

One in eight of all home purchase loans in January went to high LTV borrowers, the highest proportion since February last year (when first-time buyer numbers were artificially high thanks to the rush to beat the stamp duty deadline).

There were 7,758 loans to borrowers with a deposit of 15% or lower in January; the highest since February 2008. Lending to high LTV borrowers has been on a broadly upward trajectory since 2011. Throughout 2011, there was an average of just 4,808 high LTV per month. In 2012, that increased 13% to 5,325. And January saw an even greater rise of 30%, suggesting this year will see further improvements in conditions for first-time buyers.

Impact of Funding for Lending

Falling rates and a wider range of mortgages for first-time buyers were the catalyst for the improvement in January. Over the winter a number of major lenders launched their cheapest ever fixed rate mortgages, which quashed mortgages rates on two-year fixed deals down from 4.44% to 3.92%. The cheaper funds delivered to lenders’ balance sheets by the Bank of England’s Funding for Lending Scheme was the root cause of the improvement in lending conditions. Since FLS launched, lenders have introduced more than 300 new house purchase mortgages.

The improvement in first-time buyer numbers is reflected in a sharp increase in the number of purchase loans on cheapest properties. There were 14,995 loans on properties worth less than £125,000 in January (a typical first-time buyer property), the highest since February 2008, and a 28% increase from 11,714 in December. The number of loans on more expensive property increased at a much slower rate, illustrating how the improvement in lending in January was focused mainly on first-time buyers.

Richard Sexton, business development director of e.surv chartered surveyors, explains: “These are the most encouraging signs for the mortgage market since the financial crisis. After an inauspicious start last autumn, Funding for Lending has come good. It has flooded lenders’ balance sheets with cheaper funds, which has encouraged them to reduce mortgage rates to record lows and roll out a much wider range of mortgages for high loan-to-value borrowers. It is helping clear the logjam in the first-time buyer market.

“The hope now is that January isn’t just a flash in the pan. There are plenty of reasons to believe it won’t be. Funding is cheaper. Borrower finances are better. And the Eurozone crisis lies dormant. All of this bodes well for the rest of the year. Lenders are more confident, and have been emboldened by Funding for Lending and by the relaxation of the speed at which they have to construct capital buffers.

“Much will hinge on the economy. If it slides into a triple dip recession lots of the confidence which has been built up over the last few months will evaporate and the recovery will go up in smoke. There are also concerns over the government’s plan to electrify the ring fence between retail and investment banking. The voltage from this could shock lenders into focusing their efforts on restructuring their businesses, rather than on where it is needed: on new lending.”

Housing market recovery underway but message needs to reach sellers

In recent weeks, the Council of Mortgage Lenders and Hometrack have both insisted that the housing market recovery is in progress, and have reported separate findings that suggest an improved environment.

The CML has said the recovery may be easily overlooked with consumer sentiment having not yet caught up, something that Brendan Cox, Managing Director of Waterfords estate agents strongly agrees with and believes will make a difference to further activity.

“The CML has published ten reasons for the markets positive outlook, all of which directly relate to the mortgage market and its improved lending, a vital element of the housing market that has been restricting people that do want to make a move,” he said.

“It is great news that these improvements are seemingly in place, but consumers need to become fully aware of these movements for the market to really pick up as although we have seen a lot of interest this year, sellers are holding off putting their property on the market until the outlook becomes clearer. It has also been publicised this year that the Bank of England are likely to hold the base rate at 0.5% until 2017, and this should encourage lenders further to offer more attractive, longer term mortgage rates. Once this message also reaches the consumers we will start to see an even more active market as we head into spring.”

Looking at their own findings for January, Cox said: “Lack of supply has been a definite trend so far this year. We can report a record number of valuations during the first month of 2013 however some consumers are not following through and putting their property on the market. As a result, there remains to be a shortage of stock. We are certainly with the majority of agents (nearly eight in ten according to Hometrack) who are optimistic that volumes will grow in the next few months as households begin to act upon the news of lending conditions and an overall improved market.”

Despite all this, there are still issues that Cox feels is important to highlight: “For some time now people have been faced with the fact that they have to come up with a 20-25% deposit, whereas I believe that 10% should be sufficient,” he said.

“This has hindered first time buyers, who remain the life-blood of a truly buoyant market and for this category, lending continues to be tough. The CML has said that more first time buyers are entering the market without assistance and that there is much more lending at higher LTV levels, but support to them needs to go further in order for the affects to be really felt. I am not suggesting that we go back to 100% mortgages, but we certainly need a middle ground to be found.”

Rates tumble for first-time buyers as transactions climb

First-time buyer numbers climbed in December, as 2012 saw 26,400 more new buyers than 2011, according to the latest First Time Buyer Monitor from LSL Property Services.

There were 21,900 first-time buyer transactions in December, 17.7% more than a year ago.  In total, 2012 saw 219,400 first time buyers use mortgage finance with any size of deposit to secure their first home, a 14% increase on the total number in 2011.

The average mortgage rate for first time buyer dropped to 4.6% in December. This is the lowest rate since March 2012, and a fall from 4.72% in November.

However, it is buyers with bigger deposits that are benefitting from the lower rates as banks keep criteria tight. The average LTV fell slightly from 79.1% to 78.8% in December, a fall from 80.1% a year ago. The average deposit size for first timers rose to £28,525, 2.3% higher than in November.

As first-time buyer house prices rose by 0.9% to £134,616 in December and the average LTV dropped in December, the affordability of deposits fell, representing 83.9% of a first time buyer’s average salary in the month. However, falling rates for those able to match lenders’ criteria offset the increased average mortgage advance, and mortgage repayments remained stable at 21% of an average first time buyer’s income.

On an annual basis, the affordability of the average deposit worsened from the 80.7% of a buyer’s annual income in December 2011. However, as a result of a smaller average mortgage advance and marginally wealthier first time buyers, mortgage payments are slightly more affordable than a year ago, falling from 21.3% of a first time buyer’s income last year. 

David Newnes, director of LSL Property Services, owners of estate agents Your Move and Reeds Rains, said: “2012 saw more new buyers on the move than the previous year, but the first time buyer market is a long way from rude health. The Funding for Lending Scheme hasn’t yet been a panacea for the market, but it is bringing down rates for those buyers able to meet lenders’ requirements. The size of deposits renters must save before they can move into their first home isn’t yet reducing, and this remains the key stumbling block from preventing new buyer numbers returning to anything like their pre-crunch level.

 “As is usual, applications showed signs of falling back in December, and it won’t be a shock to see a seasonal slide in completions in the early part of 2013. But with the easing of capital adequacy rules and a stronger labour market, we expect lenders to be able to better utilise the Funding for Lending scheme as the year progresses, and it could well improve the prospects for an increasing number of first timers.”

 89% of registered tenants stated they wanted to become a homebuyer, but only 14% stated they expected to buy in 2013. Just over a third (36%) believed they would make a purchase within five years, while one fifth didn’t believe they’d ever be able to buy. 

 With LTVs falling back in December, prospective first time buyers still see saving for a deposit as the biggest obstacle to buying. 42% of buyers are not able to buy because they cannot put together a big enough deposit. 14% were concerned they didn’t have a big enough income to support mortgage payments, while 13% were concerned over high transaction costs. Just one in 16 (6%) stated the prospect of falling house prices concerned them.

 Newnes said: “There is still a yawning aspiration gap between those who want to buy, and those who are in any sort of position to purchase their first home. The fact that nearly one fifth of renters don’t believe they’d ever be able to buy highlights that when the first time buyer mortgage market returns to buoyancy, informing those frustrated renters of the changed climate will be a key priority.” 

 The average first-time buyer in December was aged 28 and had an income of £34,000, 0.7% lower than the average of £34,223 in November.

 Nearly half of all first-time buyers (49%) in December required familial help to buy. Of those, 36% received direct financial help from relatives for their deposit, while 11% benefitted from an inheritance. 45% of first time purchases were entirely self-funded in December. 

 Four in ten first-time buyers (38%) stated they are buying now because they have only recently been in the financial position to do so.

 First timers were most commonly looking for houses with two or more bedrooms. 31% were looking for a two bed house and 40% were seeking houses with three or more bedrooms. The next most popular type of property was two-bed flats, for which 18% of first time buyers were looking in December.

Newnes said: “Although the range of high LTV deals has improved, banks are still incredibly cautious about their level of lending in this bracket, and its still tough for most buyers to secure a mortgage without more than a 15% deposit. This is leaving thousands of buyers reliant on the Bank of Mum and Dad or other familial assistance to secure their first home, a fact which will need to change for the first-time buyer market to return to full health.”  

 29% of first-time buyers expect house prices to rise in the next year, compared to 14% who expect them to fall. In December house prices in England and Wales rose annually by 3.2% according to the LSL/Acadametrics house price index.

First-time investors expect to remain in their properties for an average of eight years. Only 4% of first time buyers expect to stay in a property for less than two years.

Buy-to-let mortgage rates fall as lender competition hots up

The average fixed buy-to-let mortgage rate fell again in the last quarter of 2012, according to buy-to-let specialist TBMC.

The average was 4.67%, down from 4.88% in the previous quarter. By comparison, the average variable rate product was priced at 4.42% in the last quarter.

The fall means that the difference between fixed and variable rates is now at its lowest for over two years.

Meanwhile,  deposit requirements are also falling.

The average LTV was 73.11%, up from around 65% a year earlier, and pushing the average buy-to-let loan size up by £17,815 to £156,661 during the last year.

Andy Young, chief executive of TBMC, said: “This significant uplift has been reflected in a greater choice of products being offered by a wide range of lenders. In fact, TBMC placed buy-to-let mortgage business with 27 different lenders during 2012.

“Generally speaking, the expansion of the buy-to-let market has led to greater competition between providers, and as a result there are some very good deals currently available.

“What is notable about the last quarter is the trend for lower fixed rates, with the average buy-to-let fixed rate mortgage offer processed by TBMC at 4.67%, down from 4.88% in the previous quarter.”

JLL predict improvement in UK housing market

Jones Lang LaSalle Ltd are market leaders in financial and professional services.  They specialise in real estate both residential and commercial.  At a recently attended seminar they showed promising predictive growth for the UK housing market, particularly Manchester and the North-West, due to factors such as an increase in employment opportunities in Manchester City Centre and the UK population increase.

This high-lights how solid an investment UK property is, especially in these un-certain economic times.

Click on the link below to find out more.

Residential Market Forecasts 2013-2017[1]

Hurry, Hurry, Hurry! Only 8 left!

PAl were instructed back in December to sell a development of 26 apartments in Golborne, near Warrington. 

Available for £60,000, originally sold for around £120,000 back in 2007, when the development was completed, these are a fantastic investment opportunity. They are already tenanted and will return around 8% gross yield!

Many of our investors have already realised this and PAL has sold 18 out of the 26 properties available!

DON’T MISS OUT!! Only 8 left!!

email or for full details.

Brand New Liverpool City Centre Apartments at a Great Price

PAL has manage to secure some great deals on a number of 1 and 2 bed apartments in an extremely rentable location in Liverpool city centre.

The apartments are in a stunning waterside location, with amazing views over both the docks and the city.  Built by one of the UK’s most reputable house-builders, they are finished to an extremely high spec, meaning landlords will achieve a high rental income, with gross yields from 8.3% – 8.8%!

With discounts of up to 25% off the list price PAL can offer prices from £98,000 for a 1 bed up to £129,500 for a 2 bed.

These are SELLING FAST so email either chris@pal-investment.con or for full details.


Brand New Houses with 25% discount

PAL has secured 5 x 2 bed semi-detached houses on a brand new development constructed by one of the UK’s most reputable house builders. 

They are on the open market for £124,995 and sales have been achieved at this price.  We can get them for £93,950 giving investors a 25% discount.

They are extremely rentable properties with excellent local amenities close by and a  great location, close to the M62 and M60 and less than 20 minutes from Manchester Airport.  They should achieve at least £550 rental pcm – giving a gross yield of 7% .

They come with a 10 yr NHBC and 5 yr electrical and plumbing guarantee.

We only have 5 left and investors must be able to reserve one before the end of 2012.

Please email Chris on for full details.

Another PAL investor gets a quick return!

A run-down property in Bury was recently purchased by one of our London based investors.

PAL investments had identified the property as having great potential.  It was in a good area and with a little love and care could be an attractive property to potential tenants.

With the investor being based so far away all the details were handled by the PAL team on their behalf.  The PAL refurb team turned the property around within 2 weeks!  And the property was only on the rental market for a few days before it was snapped up!

And now our savvy investor is enjoying a healthy yield of  9.9%!









Upcoming Opportunity for Great Investment

PAL Investment is in the process of finalising a deal to purchase 26 properties on a development just over 5 miles from a major south Cheshire town.  These are new build properties, originally completed in 2007, some are mews houses and some are apartments, all with 2 double bedrroms, modern fitted kitchens & bathrooms, open plan living space, are ideally located for commuting to both Manchester and Liverpool, so would be perfect for young professionals. 

The properties originally sold for an average of £130,000 and we are looking to secure these properties with a discount of up to 50% off the original purchase price. 

We have spoken to local letting agents to assess what rental income would be achievable and are confident that investors would get back a gross yield of around 9%!

Look out for the full details on our website soon, or if you would like us to contact you as soon as they are available please email chris on

Sale of Cheshire Land

Back in July 2011 PAL brokered a land deal for a plot of land in the highly sought after village of Mouldsworth in beautiful rural Cheshire.  After viewing the land and identifying that it would be ideal for a small, exclusive, family orientated development, PAL approached Seddon Homes who went ahead with a purchase.  Seddon homes have now finished building four high-spec five bedroomed detached family homes, where once was an un-used field.


PAL gets onboard with exciting Pension Rescue Scheme

As most UK residents with pensions will be aware, personal pensions have been underperforming for many years.  Property and Land Investment is pleased to announce a partnership with a company specialising in SIPP to help you achieve the most from your pension.  The current scheme we are promoting, looks at investment in a renowned Boutique Hotel in the beautiful region of South- West Wales.  

For more details on this opportunity please contact Chris on

Boys and their Toys

Thought I’d share some photos of when Dominic Horridge from OBI Property decided to pop over for a brew in his Caterham!  Even if you’re not a petrol head you can’t help but stop and stare when you see this beautiful machine. Little bit jealous – but i’ve still got Fifi the van if i feel like cruising round and turning heads on a sunny day! 



Justin moves in….

Justin Cottrell has previously been working from his home office, but has now decided to become a permanent feature at 8a The Downs.  We think he’ll made a great addition to the team and there’s sure to be plenty of banter flying around the office from now on ………although he doesn’t seem to have worked out where the kettle is yet??!  (see Justin here)


New Company Vehicle!

PAL Investment are proud to present the new company vehicle! Think it takes Chris and Justin back to their youth but its missing the gearstick from the middle….. think that might of been removed for health and safety reasons!