Mortgage Information

 

If you increase the loan on your primary home, the mortgage lender will want you to be able to prove that you can afford the larger loan.

These long leases are sometimes referred to as ‘virtual freeholds’. The owner of such a lease might not own the freehold but he does have most of the rights associated with ownership of the freehold, such as the right to exclusive possession and quiet enjoyment.

With the new mortgage guarantee scheme, even if you only have 5% deposit, you may be able to obtain a mortgage on the remaining 95% of the purchase price

Rishi Sunak has announced that he is to extend the existing Stamp Duty Holiday until the end of June 2021.

A sinking fund is basically a savings account managed, usually, by the building’s managing agent.

A Debt Management Plan is a mechanism by which you can have a third party negotiate with the people to whom you owe money and set out a plan by which you will make a single, affordable monthly payment each month.

Moneyfacts, the independent mortgage market monitor of all things ‘mortgage’ has reported that overall mortgage availability rose in January 2021, to 3,215 products!

There are still many reasons why the UK property market could be considered one of the best investment opportunities in the world. Here are ten reasons why.

The more complete a picture you can build both before and after you make your offer, the better protected you are from the unknowns in the transaction. Don’t be afraid to ask.

As with all professional services, the level of service will vary and therefore, it’s important that you ask some very specific questions when deciding which mortgage adviser to use.

Whilst a physical, in-person viewing is going to be necessary at some point, a virtual viewing can be very useful in the early stages and can save you a lot of wasted time.

In such cases, the rent (or consideration) is known as a peppercorn rent and will not be demanded by the landlord.

If you feel you may have bad credit, you should obtain a copy of your credit report which will show all your credit, good and bad.

First-time buyers that wish to buy a new-build home will be able to apply for an Equity Loan from the government for up to 20% of the home’s value.

With energy prices likely to rise in the long term, it makes sense to consider how you can make your home more efficient.

A second mortgage, as the name suggests, is a second loan that is also secured on a property.

The TA6 Property Information Form is a form designed to aid the seller in giving important information on the property being sold, to the buyer.

A TA10 form is one of several forms a seller must complete during the conveyancing process. The TA10 sets out, in detail, what is or is not included in the sale of the property.

If you are in the market for your first home you may well have heard people talking about LTV (or Loan to Value) and wondered just what it means.

Here we look at what might happen to mortgages if the Bank of England take the unprecedented step of reducing mortgage rates below zero!

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Your home may be repossessed if you do not keep up repayments on your mortgage.

There will be no fee for Mortgage Advice. There may be a fee for arranging a mortgage. The precise amount will depend upon your circumstances, but we estimate it to be £399.

Mortgage Required Ltd, Finance House, 5 Bath Road, Maidenhead, SL6 4AQ is authorised and regulated by the Financial Conduct Authority reference 573718 at www.fca.org.uk.

The Financial Ombudsman Service is an agency for arbitrating on unresolved complaints between regulated firms and their clients. More detail can be found on their website: www.financial-ombudsman.org.uk