Mortgage Information

 

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!

There are largely two main factors that drive interest rates in the UK mortgage market. They are The Bank of England’s Base Rate and LIBOR.

Flats, in particular, are usually owned leasehold because in very simple terms, to own the freehold of a property is basically to own the land below and the air above and, in the case of a flat, clearly this isn’t possible.

SMI or Support for Mortgage Interest is a loan paid by the government to help you pay all or part of the mortgage interest during times when you are unable to do so.

Whilst a Zero Hours Contract is a more precarious type of employment and does make obtaining a competitive mortgage offer more difficult, it is possible.

The Government's New First Homes Scheme is aimed at first-time buyers, key workers and veterans looking to buy a new-build home.

It’s easy to assume that once you’ve agreed to sell your home, it’s just a matter of your solicitor or conveyancer ‘doing the legal stuff’ and that’s that. Unfortunately, your job is still only partly done.

The process of obtaining a buy to let loan usually takes between 4 - 6 weeks, although, as with all purchases, there are a variety of steps to the process which will delay or even stall the process.

The benefits for expats retaining property in the UK whilst working abroad can be significant. Especially if you expect to return at some time in the future.

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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