How does a Gifted Deposit Affect a Mortgage?

A gifted deposit is a sum of money given to you by someone else, usually a member of your family. The money you are gifted must be given by way of a gift and not a loan.

Tips on Buying a Property with a Tenant in Occupation

There are a few reasons why you might be buying a property with a tenant still in occupation (a sitting tenant).

Help to Get on the Property Ladder in 2021

How does a first-time buyer get onto the housing ladder? Here we make a few suggestions...

The New 2021 Help to Buy Scheme Explained

The Help to Buy scheme allows first-time buyers to purchase a new-build property with just a 5% deposit.

Can I Remortgage my property to buy a Second Home?

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.

What Does Virtual Freehold Mean?

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.

The Government's Mortgage Guarantee Scheme Explained

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

New Stamp Duty Extension Explained

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

What is a Sinking Fund?

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

What is a Debt Management Plan (DMP) and How to Get One

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.

The Number of Mortgages Available is Now at a 12 Year High!

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

10 Reasons to Invest in UK Property

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.

Questions to Ask During a Property Viewing

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.

Questions to Ask When Choosing a Mortgage Broker

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.

How to Carry Out a Virtual Property Viewing

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.

What is Peppercorn Rent? | Ground Rent and Maintenance Charges in the UK

Many properties are sold leasehold and subject to a ‘peppercorn rent’. This is effectively a notional rent that isn’t demanded or paid. It is purely a legal requirement of any contract.

How to Get a Mortgage with a Low Credit Score

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.

New Help to Buy Scheme Launched

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.

Top Tips on Making Your Home More Energy Efficient

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

What is a Second Charge Mortgage?

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

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