Homebuyers could soon be able to take out 50-year mortgages, with their monthly repayments remaining the same for the entire term. https://t.co/TtL7u77pYm
There are several ways in which people can reduce the value of an estate and one of the “easiest” ways is gifting whilst a person is still alive. https://t.co/IVrqAdfmRR
Monday Mortgage Tip
While you don't have to get a survey done when you buy a property, an inspection might help you avoid expensive and unexpected discoveries about it, while providing peace of mind. The surveyor will notify you of any issues about the property's condition
‘Making repayments on time is an important way to show you’re capable of managing your finances responsibly,’ says a personal finance expert. https://t.co/k1XH4g2LFl
Monday Mortgage Tip
Lenders do not like it if mortgage applicants are in debt. Before applying, try to reduce your debts. Doing so will show that you are able to manage your money and reduce your monthly outgoings so should improve your affordability.
Over 5,000 households in the UK will be compensated after being caught in contracts that saw their ground rents double in price every 10 years. https://t.co/LOKOurpNBZ
Britain's biggest banks are targeting wealthy mortgage borrowers amid an affordability crunch brought on by soaring inflation.
Read more in The Telegraph. Subscription required. https://t.co/jGDWfRpgFU
Monday Mortgage Tip
How much you can borrow for a mortgage is based on a multiple of your income, but also includes your monthly outgoings.
If you have loans or debts, these are factored into the calculation, so try to clear as much as you can to increase your affordability.