Hot Topics

What Will The Initial Costs Of Buying A House Be?

Before you actually move into your new property – you will have to pay a series of initial costs to cover the following:

Do I Need a Guarantor?

If your lender is concerned about your ability to meet your mortgage commitments, they may ask you to provide a Guarantor.

How Do I Prove My Income?

When you apply for a mortgage you will normally have to provide proof of income. However, there are mortgages available, called Self-Certified mortgages, where this is not necessary.

What Happens If We Have A Joint Mortgage, But One Of Us Wants To Leave?

This area of the law is an extremely complex one – and it all depends on who is the legal owner of the property. You can read about this matter further on https://england.shelter.org.uk/advice/advice-469.cfm

What If I Die Before My Mortgage Is Paid Off?

If you die before your mortgage has been repaid, your estate will face the cost of paying back the outstanding balance. The mortgage will not be written off by the lender, it will have to be paid by the next of kin.