Buying a property isn’t just about the right mortgage; it also involves solicitors, surveys and insurance. Surveying Before offering you a mortgage, your lender will instruct a survey to confirm the price you’re paying for the property is appropriate. The most common types of survey are: Basic Mortgage Valuation This is for the lender’s own […]
Types of Mortgages
Before you choose a specific deal, you need to decide what type of mortgage is the most appropriate for your needs. Variable Rate Your monthly payment fluctuates in line with a standard variable rate (SVR) of interest, which is set by the lender. You probably won’t get penalised if you decide to change lenders and […]
Get on the Property Ladder with the ‘Help to Buy’ Scheme
All you need to know about upcoming changes to the government’s Help to Buy equity loan scheme. If you’re looking to buy your first home, you probably already know about the government’s Help to Buy equity loan scheme. It’s proved popular since launch in 2013, with almost 300,000 properties bought as part of the initiative […]