Mortgages

1. Deposit The first step is to understand how much deposit you are able to put down. The majority of lenders require a minimum 5% deposit however the actual amount you put down is your own choice. The bigger the deposit, the lower the loan to value ratio will be, meaning you can obtain a…

In the main, mortgage products will fall into one of two categories, fixed or variable rate deals. Historically, the difference in flexibility between the two types was significant but in recent years, the difference has reduced substantially. To generalise, fixed rates tend to be more secure but less flexible. Whereas, variable rates tend to be…

A solicitor conducts conveyancing, which is the legal transfer of a property between two parties – a seller and a buyer. The costs of buying or remortgaging a home can add up quickly. Having the right solicitor on your side is worth their weight in gold and could save you a lot of money. Your…

If you are planning to purchase or sell a property, there have been two significant announcements to be aware of: The Stamp Duty holiday extension The biggest announcement from the Chancellor is the extension of the Stamp Duty holiday. The Stamp Duty holiday was due to expire on the 31st March 2021 however, it has…