New rules that came into force at the end of April could make it harder to get a mortgage now. The changes have been brought in to prevent home owners taking on excessive loans and it means lenders will now look more closely at your finances. Before the financial crisis, banks were less strict about
The government has been tinkering with legislation again. This time in relation to new mortgage lending rules. It is a further attempt to prevent another wholesale collapse of the housing market, and simultaneously help homeowners make responsible decisions about debt. The new rules came into force on 26th April this year. Here is a simple
A listed building is one that has been awarded special status due to its architectural or historical interest. A listed building is afforded certain protections from alterations that may cause the reason for its interest to be damaged in some way. The older a building is, the more likely it is to be listed. It
Your mortgage is one of the most expensive thing you will ever buy and also the longest term loan you’ll ever have to borrow. With today’s uncertain economic climate, it can be a worry getting tied to a mortgage for the foreseeable future, as most last for at least 25 years, but some up to
Fixed rate mortgages are often considered to be the safest and simplest option when buying a home. However, there are still many things you need to consider before you choose this type of mortgage. After all, buying a home is one of the most important decisions you’ll ever have to make. As you will be
When it comes to buying a property, the easy part is finding the house of your dreams. It can get much more complicated when you put in an offer and negotiate on the price. Most of us aren’t that comfortable with trying to get a reduction, so where should you start when making an offer?