years INTEREST ONLY MORTGAGES
|
|
- Morris Cunningham
- 5 years ago
- Views:
Transcription
1 HOMEBUYER S GUIDE Buying a new home can be a potentially daunting process so we ve prepared this step-by-step guide to help you. It outlines the buying process and gives a guide to the different types of mortgage available, plus advice on how to budget for your move and work out how much you can borrow. You ll also find further useful information at including mortgage and stamp duty calculators. Alternatively give us a call on and ask to speak to the team about any aspect of buying property, including independent advice on the most appropriate mortgage for you, including finding you the best deal.
2 25 90 % between years INTEREST ONLY MORTGAGES A mortgage is a loan specifically to buy a property, paid over an agreed time period with added interest. The property is owned by the borrower subject to the mortgage that is secured on it. This is a legal agreement and if payments are not kept up the lender can repossess your home. The length of the mortgage can vary but it is usually 25 years and the amount given will depend on the deposit you have (100% mortgages are rare) and the amount you can afford to pay monthly. The loan is made up of the capital (amount you borrow to cover the cost of the property) and the interest. You can opt to pay in the following ways: Interest only: You only pay the interest on the amount you borrow so monthly repayments are lower but you have to ensure you have made alternative arrangements to be able to pay back the original capital at the end of the agreement. The sale of the property may be an insufficient repayment vehicle so alternatives are normally in the form of an endowment, pension or ISA. Therefore if you opt for interest only you may have to budget for the additional investment elsewhere and it may also restrict the amount you can borrow. Repayment: In addition to paying the interest on your mortgage you also pay off part of the capital so at the end of the agreement the entire loan should have been settled so you own the property outright. Part and part mortgage: The mortgage is split interest and repayment.
3 MORTGAGE TYPES There are a number of different mortgage types available. Our independent mortgage advisor can help you work out the best one for you and your circumstances but here is an overview: Fixed rate mortgages: The rate of interest you pay stays fixed for an agreed period of the mortgage (e.g. 2, 3, 5 or 10 years) so your monthly payments are always the same during that period. The pros are you can set your budget as you know the amount won t vary and it can protect you from rising interest rates but if interest rates drop you won t benefit from reduced payments. Variable rate mortgages: As the name indicates the amount you pay each month varies according to the interest rates of the lender so can go up or down. Tracker mortgages: Similar to variable rate mortgages except they are linked to the Bank of England base rate and track the rate by a certain percent. Therefore if the base rate goes up so do your repayments. Capped rate mortgages: Your payments may go up or down according to interest rates but the amount you would have to pay is capped to not exceed a maximum amount, so even if interest rates went higher you wouldn t have to pay more than that amount. Collared mortgages: These are usually combined with a capped or tracker mortgage and means your payments will never fall lower than a set level (called the collar ). Cashback mortgages: Often linked with a variable rate mortgage, these loans give an extra lump sum of cash at the beginning of the loan. Great if you purchase a property that needs work but it is not restricted to home improvements and can often be spent on anything you wish. Offset mortgages: This is where the interest paid can be reduced by any savings you have with the lender. By offsetting savings linked to your mortgage you will only pay interest on the balance i.e. on a 120,000 mortgage you would only pay interest on 100,000 if you had savings of 20,000 with your lender. It does mean you don t receive any interest on your savings but overall you are likely to be better off as the mortgage gets paid off faster.
4 BUDGETING When budgeting your move you will need to take into account the following: Estate agents fee: This is the agreed commission for selling if you have an existing property, usually a set percentage of the final price achieved for the property, which is then subject to VAT. Land registry fees: This can vary according to the value of the property you are buying. Stamp duty: If you are buying a property worth over 125,000 the Government will tax you between 1% and 7% of the cost of your property, depending on what it is worth. The more valuable your property the more stamp duty you will pay. Legal fees: A solicitor is required to fulfill the legal aspects of moving home known as conveyancing. For example, transferring the legal title of the property to you from the previous owner. They will also carry out searches on your behalf to ensure the purchase is legal and there are no clauses or hidden rights of way that could block the sale or cause problems later on. The costs for the searches are usually included in the solicitors fee but check. Likewise get a quote upfront to avoid any nasty surprises. Survey: This is a professional inspection to evaluate the property s worth but also identify any potential problems such as structural issues or damp which may impact whether you want to go ahead with the purchase or the price you wish to pay. The surveyor will produce a report, which you should agree the level of detail given and the price of upfront. This might be a Homebuyers Report or a Structural Survey/Building Survey for older or listed properties, or those that have had extensions or renovations. You won t need a building survey if you are buying a new build as it should have a NHBC certificate guaranteeing the property for 10 years. Valuation costs: This is an inspection by the lender to make sure the property is worth the amount they are lending you to buy it. You may be able to save money and avoid doubling up by engaging a surveyor to do a survey report that is also approved by the lender to provide them with the valuation. Check with your mortgage provider. Mortgage arrangement or booking fee: There may be a charge from the lender for setting up the mortgage. This can often be added into the amount borrowed and paid off over the term of the mortgage. Removal costs: The cost of moving your belongings to the new property. Include any additional costs like if you need temporary storage or cleaning at the other end.
5 In addition to budgeting the cost of your move, it is really important to work out a proper budget to give you a realistic view of what you can afford to pay each month and avoid overstretching yourself. Income in: Amount Notes Wages Interest from savings Other income Benefits Total A: Costs out: Amount Notes Home costs (utility bills, insurances, maintenance etc) Personal costs (Groceries, utility bills, travel, car, holidays, loans, credit card repayments etc) Total B: Total A _ Total B = disposable income Allow some room for saving for luxuries or in case of emergencies.
6 BUYING YOUR HOME - Step by Step 1. Mortgage: Get an agreement in principle from your mortgage provider to show what they are willing to lend you. This is particularly important if you are a first time buyer. 2. Check the EPC: By law the seller must provide an Energy Performance Certificate to show the amount of energy the property uses. If you are buying a new build that hasn t been completed it will need a Predicted Energy Assessment (PEA). 3. Making an offer: If you find a property you want, the first thing to do is to make a offer to the seller or their estate agent, subject to contract and survey. 4. Deposit: In some instances you may be asked to put down a deposit to secure the property. It is held by your solicitor and reimbursed should the sale fall through due to the sellers. It is usually between Choose a solicitor: It is well worth asking your estate agent or friends and family for recommendations when choosing a solicitor. They will be responsible for all the legal aspects of the sale (conveyancing), searches and dealing with the seller s solicitors so you need to feel confident they will make the process as stress-free as possible. Make sure you get a quote first so you know upfront how much you ll be paying. 6. Surveys: Find a good surveyor, again recommendations are invaluable. Decide whether you just want a Homebuyers Report or need a more in-depth structural survey. Also, try and use a surveyor that is approved to provide your mortgage provider with their required valuation so you aren t paying for two lots of valuations. Based on the results of the survey you may wish to try and renegotiate the price should you discover problems that need rectifying. 7. Additional insurances: You will have to have buildings insurance in place to receive your mortgage at completion. Sort this out now, along with contents insurance and any additional protection you may need to cover your mortgage payments and/or pay out should you become sick, injured, unemployed, critically ill or in the event of your death. 8. Exchanging contracts: Once your solicitor has received all the reports you re all set to sign the contract. The seller will do the same and then your respective solicitors will swap or exchange them. If you paid a deposit this will also be transferred to the seller s solicitor in preparation for completion. 9. Final preparations: The final few days between exchange are completion so make sure you are comfortable your solicitor has everything in hand. There should be a final Land Registry check, preparation of the transfer deed showing you as the new legal owner, arrangements made for the money transfers on completion and final accounts. 10. Completion & Moving day: You made it! Today all monies are transferred to the seller and you get the keys to your new home.
7 INSURANCES You will need to protect your home with adequate buildings and contents insurance: Buildings insurance: This is financial cover for any damage to your building caused by fire or flood for example. You need to ensure there is sufficient cover to pay for the cost of rebuilding your home should the worst happen and the majority of lenders will insist on this insurance being in place before they will give you the money at completion. If you are buying a leasehold property it may be included but your solicitor will need to check. Contents insurance: This is financial cover for your personal possessions such as furniture, electrical goods and jewellery should you have to replace them for reasons such as theft, water damage or fire. It is really important you look at the levels of cover provided as well as the cost when choosing a policy. Other types of insurance: As well as protecting your home you may want to consider insurance to cover you if you should lose your job, become ill or even die. You can guard your mortgage repayments with the following types of insurance: Income protection: Should you become ill or injured this policy would provide a regular monthly income and replace your earned income. Critical illness: This policy pays out a lump sum to repay your mortgage should you become critically ill. Life insurance: Similarly this policy pays a lump sum to repay your mortgage should you die or become terminally ill. Mortgage Payment Protection: This is to cover your mortgage payments if you are unable to work short term due to illness, injury or losing your job. These policies can be restricted though so check the conditions carefully. GLOSSARY - Some other useful terms to understand: Annual Percentage Rate (APR): This allows you to calculate the amount of interest you would pay over a year and the overall cost of borrowing so you can compare deals. Base rate: This is the interest rate set by the Bank of England. It is used by mortgage lenders to calculate their own interest rates and can fluctuate. Bridging loan: A loan specifically to bridge a gap in cash flow if you buy a property before you sell your existing one. Broker: This is another name for mortgage advisors. When you are choosing a broker look for one who is independent with access to the whole market and always use someone who is registered. Be aware some will charge a fee. Buy-to-let: Investing in property to generate rental income. There are also specific mortgages for buy-to-let investors. Capital Gains Tax: Any profit from the sale of a second property or investment is subject to Capital Gains Tax. You can check your threshold with your accountant or the HMRC. Chain-free: A chain is when the buyer and/or seller are dependent on other properties selling first in order for their sale to go through. Thus being chain-free can make a buyer more appealing and in a stronger position to negotiate. Claim for possession: If you fall behind on your mortgage payments the lender will issue a Notice of Default. This is then followed by a legal claim for possession of your property. Collateral: This is something of value used to guarantee the loan, in this case the house being purchased. Credit rating: This is a score used by lenders to assess how much risk you represent in terms of repaying the loan. Early Repayment Charge (ERC): Depending on your agreement there may be a charge for overpayment or if you move your mortgage to another lender within a set period. They can also be referred to as exit fees. Equity: This is the difference between the value of your property and the amount outstanding on your mortgage. If you have significant equity you can release it by borrowing more on your mortgage subject to status and validation. Financial Conduct Authority (FCA): The industry regulator for financial services in the UK ( Freehold: The land the property is built on is included in the sale and not time limited. Ground rent: If you buy a leasehold property you will need to pay an annual fee to the freehold owner as part of the conditions of your lease. You are also likely to have to make contributions to maintenance. Guarantor: A person who guarantees to pay the mortgage repayments if you don t, for example your parents may do this to help you buy your first property. Key Facts Illustration (KFI): This lays out details of the mortgage in a specific format so you can compare different deals. Leasehold: A lease sets out the number of years you own a property before it reverts to the freeholder. Leases can be extended although this can be costly. Length of term: How long you take your mortgage out for. Loan to Value (LTV): The percentage of your property s value you are borrowing. Negative equity: If house prices fall to the point where you owe a greater amount on your mortgage than the value of your house. Payment holiday: With some mortgages you can have an agreed period of time where you don t have to make repayments should you need it. It is usually when you have the option to make overpayments too. Repossession: Usually a last resort, this is when lenders take back a property and sell it to get their money back. Title deeds: Documents that prove the legal ownership of a property, held by the Land Registry. Transfer deeds: The legal document for the legal transfer of property ownership from one person to another. Vendor: Another term used to refer to the seller of the property.
OUR GUIDE TO BUYING, REMORTGAGING AND PROTECTING YOUR HOME
1 AND PROTECTING YOUR HOME A HELPING HAND WITH OWNING YOUR HOME. Taking on the purchase of a house can be daunting. With this step-by-step guide, we hope to make the journey a little less overwhelming.
More informationMortgage Jargon Buster.
Mortgage Jargon Buster. Buying or selling a property can sometimes trap you in a blizzard of jargon. To get you off to a flying start, here s a handy glossary of home moving terms to help get you from
More informationInformation for mortgage customers. Mortgages
Information for mortgage customers. Mortgages Hello. This is your guide to TSB mortgages. This guide provides lots of information about our mortgages. Some of it is relevant to everyone but some of it
More informationINFORMATION ABOUT YOUR MORTGAGE: A GUIDE TO MORTGAGES ON PROPERTIES TO BE LET
INFORMATION ABOUT YOUR MORTGAGE: A GUIDE TO MORTGAGES ON PROPERTIES TO BE LET INTRODUCTION This guide gives details of our mortgages and is split into two parts: The first part is useful for customers
More informationa helping hand with owning
our guide to buying, Our remortgaging guide to buying, remortgaging and protecting your home and protecting your home 1 a helping hand with owning your home. Taking on the purchase of a house can be daunting.
More informationINFORMATION FOR MORTGAGE CUSTOMERS.
INFORMATION FOR MORTGAGE CUSTOMERS. WELCOME TO YOUR GUIDE TO HALIFAX MORTGAGES. Fold back this page for a brief summary of key mortgage features. YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP
More informationOUR GUIDE TO BUYING, REMORTGAGING AND PROTECTING YOUR HOME
1 OUR GUIDE TO BUYING, REMORTGAGING AND PROTECTING YOUR HOME AND PROTECTING YOUR HOME A HELPING HAND WITH OWNING YOUR HOME. Taking on the purchase of a house can be daunting. With this step-by-step guide,
More informationMortgage advice you can depend on
Our Mortgage advice you can depend on Whether buying your first home, buying to let, or remortgaging, this guide tackles the main considerations. If you want to learn more and receive advice tailored to
More informationMortgage advice you can depend on
Mortgage advice you can depend on Whether buying your first home, buying to let, or remortgaging it s a big commitment. This guide aims to help you understand what you need to think about making you feel
More informationA helping hand with owning your home
A helping hand with owning your home We understand how important it is to have the right information to help you every step of the way when you move home or remortgage. Our guide to buying, remortgaging
More informationA HELPING HAND WITH OWNING YOUR HOME.
1 OUR GUIDE TO BUYING, REMORTGAGING AND PROTECTING YOUR HOME 1 A HELPING HAND WITH OWNING YOUR HOME. WE UNDERSTAND HOW IMPORTANT IT IS TO HAVE THE RIGHT INFORMATION TO HELP YOU EVERY STEP OF THE WAY WHEN
More informationJust the facts about mortgages.
August 2008 Our guides here to help you This guide is part of our Buying a home series. No selling. No jargon. No selling. No jargon. About the Financial Services Authority. No selling. No selling. No
More informationA form issued by the Help to Buy Agent, authorising you to proceed with the purchase of a home through the Help to Buy Equity Loan scheme.
Jargon Buster Annual percentage rate (APR) The total cost of a loan including all costs, interest charges and arrangement fees which are shown as a percentage rate and easily comparable with mortgage interest
More informationHow much will your property cost?
Our Mortgage advice you can depend on W hether buying your first home, b uying to let, or remortgaging, this guide tackles the main considerations. I f you want to learn more and receive a dvice tailored
More informationInformation about your mortgage. Mortgages
Information about your mortgage. Mortgages Hello. This is your guide to TSB mortgages. Please read this booklet alongside your mortgage conditions and offer letter. It explains our most frequently used
More informationMortgages Explained. with effect from 6 April Newbury Building Society
Mortgages Explained with effect from 6 April 2018 Newbury Building Society Contents What is a mortgage? 4 How do I get a mortgage? 4 What types of mortgages are available? 7 What is the process involved
More information1. Remortgaging: The Basics
Remortgage Guide There are many reasons why you might want to remortgage your home, but have been hesitant to do it. We ve created this remortgage guide to show you that remortgaging your home can actually
More informationINFORMATION ABOUT YOUR MORTGAGE.
INFORMATION ABOUT YOUR MORTGAGE. WELCOME TO YOUR GUIDE TO HALIFAX MORTGAGES. Please read this booklet alongside your mortgage conditions and offer letter. It explains our most often used policies and procedures.
More informationA GUIDE TO MORTGAGES. Talk to your local mortgage experts and get access to hundreds of mortgages under one roof.
A GUIDE TO MORTGAGES Talk to your local mortgage experts and get access to hundreds of mortgages under one roof. 72 Topping Street Blackpool FY1 3AD 01253 294480 01253 626620 admin@optionsmortgagecentre.com
More informationThe Mortgage Guide. Helping you find the right mortgage for you. Brought to you by. V a
The Mortgage Guide Helping you find the right mortgage for you Brought to you by V0050713a Hello. We re the Which? Mortgage Advisers team. Buying a house is the biggest financial commitment most of us
More informationA guide to your mortgage
A guide to your mortgage Residential mortgages PAGE 1 OF 40 A straightforward guide to your new Paragon mortgage This guide takes you through what happens when you purchase a new home and take out a mortgage
More informationThe Mortgage Guide Helping you find the right mortgage for you
The Mortgage Guide Helping you find the right mortgage for you Hello. We re the Which? Mortgage Advisers team. Buying a house is the biggest financial commitment most of us ever make. And it can be stressful.
More informationA Guide to. Mortgages
A Guide to Mortgages Congratulations! You have made your first step towards getting the right mortgage to help you buy your first home, become a buy-to-let landlord or simply find a better deal on your
More informationFirst time buyers Our guide
First time buyers Our guide What s in this booklet I want to buy a home what s the first thing I need to do? 3 What exactly is a mortgage? 3 How much can I borrow? 3 I ve found the property I want to buy.
More informationYOUR GUIDE TO SCOTTISH WIDOWS BANK MORTGAGES
INFORMATION ABOUT YOUR MORTGAGE YOUR GUIDE TO SCOTTISH WIDOWS BANK MORTGAGES Please read this booklet alongside your mortgage conditions and offer letter. It explains our most often used policies and procedures.
More informationMortgage advice you can depend on
Help to Buy Mortgage advice you can depend on Whether buying your first home, or a homeowner looking to move, Help to Buy schemes help people take steps to buy a home. This guide aims to help you feel
More informationAn Introductory Guide to Getting on the Property Ladder
An Introductory Guide to Getting on the Property Ladder Dear Reader, Thank you for reading the guide. We hope it is helpful to you. The aim of this guide is to provide young people with optimism regarding
More informationA HELPING HAND WITH OWNING YOUR HOME.
OUR GUIDE TO BUYING, REMORTGAGING AND PROTECTING YOUR HOME A HELPING HAND WITH OWNING YOUR HOME. WE UNDERSTAND HOW IMPORTANT IT IS TO HAVE THE RIGHT INFORMATION TO HELP YOU EVERY STEP OF THE WAY WHEN YOU
More informationGETTING A MORTGAGE WHAT YOU NEED TO KNOW
I am not a number GETTING A MORTGAGE WHAT YOU NEED TO KNOW GETTING A MORTGAGE WHAT YOU NEED TO KNOW FOR MOST OF US, BUYING A HOME IS THE LARGEST FINANCIAL COMMITMENT WE WILL MAKE AND THE MONTLHY MORTGAGE
More informationGuide to Remortgaging
Guide to Remortgaging Contents 1. Why remortgage? 2. Remortgaging what s involved? 3. What are the costs? 4. How we can help? 5. Helping yourself get a great mortgage deal 6. Types of mortgages available
More informationMORTGAGES. TSB Mortgage Conditions 2013
MORTGAGES TSB Mortgage Conditions 2013 TSB Mortgage Conditions 2013 Please read! We know that having to read a legal contract can be off putting, so we ve decided to do things differently. This booklet
More informationMortgage Terms and Conditions (T&Cs)
Mortgage Terms and Conditions (T&Cs) Banking with Atom is straightforward, so we ve split our T&Cs into three manageable chunks: General T&Cs; Product T&Cs; and product specific documents, based on the
More informationA guide to your second charge mortgage
Second charge mortgages DECEMBER 2016 A guide to your second charge mortgage Mortgage terms and conditions Introduction This booklet contains the second charge mortgage terms and conditions for Paragon
More informationFirst time buyer guide
First time buyer guide All you need to know before you buy your first home. BECOMING A FIRST TIME BUYER Becoming a first time buyer Would you like to know how to buy your first home? We can help you -
More informationFirst Home Buyer Guide.
First Home Buyer Guide. CONTENTS 3. Where to Start 4. What to expect from you LoanSeeker broker 5. Government Help 6. Credit History Check 7. Deposit Talk 8. Finding the right loan 9. Home loan types 10.
More informationGeneral Mortgage Conditions
General Mortgage Conditions England and Wales 2013 Introduction Over the following pages, you ll find the general conditions of your mortgage. This booklet is very important because it forms part of the
More informationHome Buyer Essentials
Home Buyer Essentials What you need to know when buying and financing your home Finance Unlimited (03) 9379 7244 info@financeunlimited.com.au financeunlimited.com.au Suite 32a, 80 82 Keilor Rd, Essendon
More informationEquity Release Lifetime Mortgages. Making your property work for you in retirement
Equity Release Lifetime Mortgages Making your property work for you in retirement Contents 03 Getting more out of your retirement 04 What is a lifetime mortgage? 05 Some things to consider 08 Alternatives
More informationLending Criteria. Standard Residential Read in conjunction with General Criteria
This list is not exhaustive. Please contact us to discuss your requirements Standard Residential Age: Minimum: 18 Term: Maximum: 35 years or the number of years it will take (the eldest) applicant to reach
More informationA Guide to Buying Your Own Home
A Guide to Buying Your Own Home banking on people Getting started Getting on the property ladder can be a big step for anyone to take. With this handy guide, you ll find helpful tips for planning ahead,
More informationGUIDE TO BORROWING INTO RETIREMENT
GUIDE TO BORROWING INTO RETIREMENT BORROWING INTO RETIREMENT Even if you ve been financially savvy throughout your life, there are still important decisions you ll have to make in your later years. Naturally,
More informationYOUR INTEREST ONLY MORTGAGE DIFFERENT METHODS OF REPAYING YOUR MORTGAGE. Provided by Scottish Widows Bank
YOUR INTEREST ONLY MORTGAGE Provided by Scottish Widows Bank DIFFERENT METHODS OF REPAYING YOUR MORTGAGE DIFFERENT METHODS OF REPAYING YOUR MORTGAGE INTEREST ONLY An interest only mortgage means that the
More informationINFORMATION FOR MORTGAGE CUSTOMERS.
IT S EASY TO GET IN TOUCH. (( Come in e Y e Call: 03457 27 37 47 Y Click: halifax.co.uk INFORMATION FOR MORTGAGE CUSTOMERS. WELCOME TO YOUR GUIDE TO HALIFAX MORTGAGES. Fold back this page for a brief summary
More information2 STEP 3 STEP 4 STEP 5 STEP 6 STEP 7 STEP 8 STEP 9 STEP
? Home Guides CONTENTS STEP 1 An easy, step-by-step guide to remortgaging your home If you re thinking about remortgaging your home and don t know where to start, this user-friendly guide is for you! We
More informationSCOTTISH WIDOWS BANK MORTGAGE CONDITIONS 2017
SCOTTISH WIDOWS BANK MORTGAGE CONDITIONS 2017 PLEASE READ WE KNOW THAT HAVING TO READ A LEGAL CONTRACT CAN BE OFF PUTTING, SO WE HAVE DECIDED TO DO THINGS DIFFERENTLY. THIS BOOKLET CONTAINS: A brief explanation
More informationTaking charge of Shared Ownership
1 Taking charge of Shared Ownership What is it? It s a lot like buying any other home, except you don t have to pay the full price. How big is my share? It s up to you and the scheme. Most shared ownership
More informationBUYING YOUR FIRST HOME: THREE STEPS TO SUCCESSFUL MORTGAGE SHOPPING MORTGAGES
BUYING YOUR FIRST HOME: THREE STEPS TO SUCCESSFUL MORTGAGE SHOPPING MORTGAGES June 2015 Cat. No.: FC5-22/3-2015E-PDF ISBN: 978-0-660-02848-4 Her Majesty the Queen in Right of Canada (Financial Consumer
More informationMortgages. Price List. atombank.co.uk. Mortgage Price List_v1.1. Effective from 30/08/17
Mortgages Price List Atom bank is closely involved in the mortgage industry s initiative with the Council of Mortgage Lenders and Which? to make our fees and charges easy for you to understand. Our price
More informationMortgages. Mortgage Guide. Finding the right mortgage for you
Mortgages Mortgage Guide Finding the right mortgage for you Skipton Building Society is here to help you whether you re thinking of buying your first home, buying an investment property, looking to move
More informationGUIDE TO OUR MORTGAGE & PROTECTION SERVICES. Affordable and sustainable solutions designed for you
GUIDE TO OUR MORTGAGE & PROTECTION SERVICES Affordable and sustainable solutions designed for you 2 GUIDE TO OUR MORTGAGE & PROTECTION SERVICES Contents Intrinsic shares our values and beliefs about being
More informationInsurance LIFE INSURANCE DISABILITY INSURANCE LONG-TERM CARE INSURANCE
PLANNING What You Should Know About... Insurance LIFE INSURANCE DISABILITY INSURANCE LONG-TERM CARE INSURANCE YourMoneyCounts Like most people, you probably don t live your life expecting the worst to
More informationIntroduction. lifetime mortgages Terms and Conditions. Thank you for choosing a Just lifetime mortgage.
2017 Edition lifetime mortgages Terms and Conditions Just is a trading name of Just Retirement Money Limited. Where you see Just in this form, this means Just Retirement Money Limited. Introduction Thank
More informationShared Ownership Step by Step Guide SHARED OWNERSHIP STEP BY STEP. your guide to the scheme.
SHARED OWNERSHIP STEP BY STEP your guide to the scheme www.rooftopgroup.org 1 INTRODUCTION The average home in the West Midlands costs nearly nine times the average local wage and private sector rents
More informationMortgage Conditions nd Edition
Mortgage Conditions 2004 2nd Edition Summary of main points Parts 1 and 2 Part 1 GENERAL MORTGAGE CONDITIONS applies to your mortgage in every case. Part 2 - FLEXIBLE OPTIONS CONDITIONS applies if your
More informationChoosing the right mortgage...
Choosing the right mortgage... There are many types of mortgages available on the market, and it can be confusing to know which one is right for you. We've outlined the basics in this guide, but our advice
More informationREFINANCING GUIDE Understand all your options, with our Refinancing Guide.
REFINANCING GUIDE Understand all your options, with our Refinancing Guide. 2018 ed. Michael Short 02 8091 5797 info@obtainfinance.com.au obtainfinance.com.au Obtain Finance, Australian Business Number
More informationFIRST HOME BUYER HANDBOOK BACKING YOU EVERY STEP OF THE WAY
FIRST HOME BUYER HANDBOOK BACKING YOU EVERY STEP OF THE WAY FIRST HOME BUYER HANDBOOK The home buying process can be challenging, but with the right help, you can move through each step with confidence.
More informationKen MacDonald & Co Lawyers and Estate Agents Mortgages: A Guide
Ken MacDonald & Co Lawyers and Estate Agents Mortgages: A Guide Introduction A mortgage is a sum of money borrowed from a bank or building society in order to purchase property. The money is then paid
More informationHow to Stop and Avoid Foreclosure in Today's Market
How to Stop and Avoid Foreclosure in Today's Market This Guide Aims To Help You Navigate the foreclosure process [Type the company name] Discover all of your options [Pick the date] Find the solution or
More informationThe Complete Guide to Bridging Loans
Bridging Loans Hotline Call 0117 313 6058 The Complete Guide to Bridging Loans Need to move fast? Mortgage chain issues? Buying an auction property? Seeking development finance? READ HERE Contact Us Tel:
More informationBerkshire Hathaway HomeServices. California Properties
Berkshire Hathaway HomeServices California Properties COMMITMENT OF SERVICE Of I understand that buying a home is a major decision for you that can be filled with apprehension and concern. My job is to
More informationGuide to contractor mortgages
guides i Guide to contractor mortgages Obtaining a mortgage as a contractor or freelancer used to be a hassle. Learn about how this has changed and your options in this guide. people advice technology
More informationMortgage Terms and Conditions (T&Cs)
Mortgage Terms and Conditions (T&Cs) Mortgage T&Cs_v1.3_16-03-18 GENERAL INFO Our agreement When you have a mortgage with Atom, the Agreement between us consists of: Your mortgage application; Our App
More informationBUYING A SHARED OWNERSHIP PROPERTY. Step Forward Housing Buying a Shared Ownership Property
BUYING A SHARED OWNERSHIP PROPERTY 1 CONTENTS 4. What is Shared Ownership 5. Why buy with Step Forward Housing? 6. What am I buying? 7. Register with us 8. Eligibility 9. Financial assessment 10. Arranging
More informationConsumer's Guide To Mortgage Settlement Costs
Consumer's Guide To Mortgage Settlement Costs Of all the steps in buying a home or refinancing a loan, the mortgage closing or settlement probably causes more confusion and uncertainty for the borrower
More informationBorrowing to buy your new home
Borrowing to buy your new home Contents Introduction 2 Here to help you 2 The Mortgage Application process 3 A-Z mortgage glossary 4 This communication does not constitute advice and should not be taken
More informationFIRST HOME BUYERS HANDBOOK SUPPORTING YOU THROUGH EVERY STEP
FIRST HOME BUYERS HANDBOOK SUPPORTING YOU THROUGH EVERY STEP BACKING YOU EVERY STEP OF THE WAY With ANZ, you don t just get a home loan. You get a coach who ll support you through the home-buying process
More informationTariff of Mortgage Charges
Tariff of Mortgage Charges 0800 298 5714 precisemortgages-customers.co.uk Precise Mortgages is closely involved in the mortgage industry s initiative with the Council of Mortgage Lenders and Which? to
More informationToolkit 2 Borrowing Wisely
Toolkit 2 Borrowing Wisely Questions to Think About Before Borrowing Borrowing money is not necessarily a bad thing and done sensibly it can be a good investment for your future. Some good reasons to borrow
More informationTariff of Mortgage Charges Effective 8th January 2018
Effective 8th January 2018 Monmouthshire Building Society is closely involved in the mortgage industry s initiative with the Council of Mortgage Lenders and Which? to make our fees and charges easy for
More informationRetirement Investments Insurance. Pensions. made simple TAKE CONTROL OF YOUR FUTURE
Retirement Investments Insurance Pensions made simple TAKE CONTROL OF YOUR FUTURE Contents First things first... 5 Why pensions are so important... 6 How a pension plan works... 8 A 20 year old needs to
More informationA GUIDE TO EQUITY RELEASE
A GUIDE TO EQUITY RELEASE Equity release refers to a range of products that let you access the equity (cash) tied up in your home if you are over the age of 55. You can take the money you release as a
More informationQ&A GUIDE. Making the Conveyancing process stress free. AV Rillo LLP Gor-Ray House 758 Great Cambridge Road. Enfield EN1 3GN
Making the Conveyancing process stress free AV Rillo LLP Gor-Ray House 758 Great Cambridge Road Enfield EN1 3GN 1 Index 1. Q&A: Enquiries raised by the Buyer s Solicitor 1a) What are restrictive covenants?.........4
More informationA loan-level data collection for buy-to-let lending: Definitions (Phase 1)
A loan-level data collection for buy-to-let lending: Definitions (Phase 1) A) General guidance These definitions relate to attributes to be reported from 2017 Q3. This collection should be completed only
More informationMortgage Loan Fact Sheet
Mortgage Loan Fact Sheet Types of mortgage Loan interest schemes Some essentials A business and personal checklist Further terminology This document is issued to you as a prospective borrower to assist
More informationAllowable business expenses. for limited companies
Allowable business expenses for limited companies Allowable business expenses for limited companies Introduction When you re busy running your business, it can be difficult trying to keep track of what
More informationMortgage Deposit Explained
your logo here Mortgage Deposit Explained www.eastons.co.uk What s in our Guide. 1. How much deposit do I need? 2. Reason to save a bigger deposit? 3. How to save a deposit? 4. 95% mortgages Explained
More informationHafod Housing Association A Guide to Homebuy. A Guide For First Time Buyers
Hafod Housing Association A Guide to Homebuy A Guide For First Time Buyers Hafod Housing Association Limited is authorised and regulated by the Financial Conduct Authority April 2014 1 What is Homebuy?
More informationLump Sum Lifetime Mortgage
Lump Sum Lifetime Mortgage Terms and Conditions Version 1.2 Lump Sum Lifetime Mortgage Terms & Conditions Version 1.1 Thank you for choosing Hodge Lifetime our aim is to give you security and peace of
More informationGUIDE TO FUNDING HOME IMPROVEMENTS
GUIDE TO FUNDING HOME IMPROVEMENTS FUNDING HOME IMPROVEMENTS If you re a budding property developer, renovating your home is the perfect way to get the house of your dreams for a fraction of the price.
More informationbuying your First Home
buying your First Home A step-by-step guide to the home buying process buying your First Home Although the experience of owning your first home can be fulfilling and exciting, the actual financing and
More informationFlexible Lifetime Mortgage
Flexible Lifetime Mortgage Terms and Conditions Version 1.2 Flexible Lifetime Mortgage Terms & Conditions Version 1.2 Thank you for choosing Hodge Lifetime our aim is to give you security and peace of
More informationGuide to Buying Your House
Guide to Buying Your House Good Mortgage Solutions Limited 12 Halegrove Court, Cygnet Drive, Stockton. TS18 3DB 01642 671747 Email: paul@goodmortgagesolutions.co.uk Choosing a mortgage is one of the biggest
More informationUnlocking the potential from your own home. How to leverage your equity to buy an investment property
Unlocking the potential from your own home How to leverage your equity to buy an investment property Presented by Momentum Wealth Momentum Wealth IP Pty Ltd 2014 Contents 3 5 6 8 10 11 What makes your
More informationFIRST HOME BUYER HANDBOOK HELPING YOU AT EVERY STEP OF YOUR JOURNEY
FIRST HOME BUYER HANDBOOK HELPING YOU AT EVERY STEP OF YOUR JOURNEY FIRST HOME BUYER HANDBOOK The home buying process can be challenging, but with the right help, you can move through each step with confidence.
More informationBuying a resale property
We can help with Buying a resale property www.familymosaicsales.co.uk WE CAN HELP WITH BUYING A RESALE PROPERTY www.familymosaicsales.co.uk PAGE 1 Contents Buying a resale property 3 Why buy through a
More informationFirst Time Buyers Guide
Guides First Time Buyers Guide An easy, step-by-step guide to buying and renting your first home If you re thinking about buying your first home and don t know where to start, this user-friendly guide
More informationTariff of Mortgage Charges
Tariff of Mortgage Charges Landmark is closely involved in the mortgage industry s initiative with the Council of Mortgage Lenders to make our fees and charges easy for you to understand. Our tariff of
More informationCut the. bull. buying your first home is. possible! First Home Buyers Guide
Cut the bull buying your first home is possible! First Home Buyers Guide INTRODUCTION Buying your first home can seem daunting but it doesn t have to be. At Loan Market we specialise in helping first home
More informationVersion 1.0 September 2015 HOME BUYER. Guide
Version 1.0 September 2015 HOME BUYER Guide contents STEP 1: STEP 2: STEP 3: STEP 4: STEP 5: STEP 6: STEP 7: STEP 8: Saving for a deposit Research the property market Get VIP-approved with Select Get the
More informationRemortgaging your property
Remortgaging your property Contents Introduction 2 Here to help you 2 Why remortgage? 3 The remortgage application process: 4 A-Z mortgage glossary 5 This communication does not constitute advice and should
More informationESSENTIALLY MORTGAGES
168 Birmingham Road Shenstone Wood End Lichfield WS14 0NX T 0121 323 2070 E clientsupport@fouroaksfs.com www.fouroaksfs.com ESSENTIALLY MORTGAGES Q2 2018 ISSUE 8 MORTGAGE TRENDS WHAT S CHANGED OVER THE
More informationMORTGAGE CENTRE CANADA HOMEBUYERS GUIDE. Your Complete Manual to Home Financing. Copyright, MCC Mortgage Centre Canada Inc.
MORTGAGE CENTRE CANADA HOMEBUYERS GUIDE Your Complete Manual to Home Financing Table of Contents My Service Pledge to You 3 Your Professional Team 4-5 Types of Mortgages 6 The Process 7 What is Considered
More informationTariff of Mortgage Charges
Tariff of Mortgage Charges Bradford & Bingley and Mortgage Express are closely involved in the mortgage industry s initiative with the Council of Mortgage Lenders and Which? to make our fees and charges
More informationLife and protection insurance explained
protection? illness Life and protection explained A guide to personal and family protection This guide explains the types of life and protection available and how they can offer you valuable peace of mind.
More informationEquity Release. A guide to our Lifetime Mortgage products
Equity Release A guide to our Lifetime Mortgage products Introducing Retirement Advantage 2 A guide to our Lifetime Mortgage products Retirement Advantage is a wellestablished company that can trace its
More informationBuy-to-Let Product Guide
Buy-to-Let Product Guide Why choose Magellan Homeloans: No credit scoring - human decision making Variable rates with no ERCs 2 & rates CCJs, Defaults, Arrears, and historic DMPs considered Online case
More informationTariff of Mortgage Charges
Effective 25th May 2018 Monmouthshire Building Society is closely involved in the mortgage industry s initiative with the Council of Mortgage Lenders and Which? to make our fees and charges easy for you
More informationCustomer information. About your mortgage. precisemortgages-customers.co.uk
Customer information About your mortgage precisemortgages-customers.co.uk Introduction We have provided this Customer Information Booklet with your Mortgage Offer to help explain the Mortgage Offer and
More informationAutomatic Enrolment Frequently Asked Questions
Automatic Enrolment Frequently Asked Questions This guide answers some of the questions you may have about automatic enrolment, workplace pensions and True Potential Investor. Contents Q 01 Q 02 Q 03 Q
More information