You’ve finally made a decision to purchase that dream property, and the bank valuation has come back, and they have said “Yes”. CONGRATULATIONS. However, wait. What does, that bank valuation mean? Well, that’s how much the bank is willing to lend on your dream property, that’s all! So, what are they not telling you, and what do you need…
With a rise in the base rates unlikely, now is the time to grab a deal There was good news for borrowers this week after market analysts predicted that mortgage interest rates would remain at rock-bottom. Ray Boulger of John Charcol, a mortgage broker, says there are no signs that the Bank of England base rate will go up from…
It’s a tax that people who buy property or land must pay. In England and Northern Ireland buyers pay Stamp Duty Land Tax, in Scotland it is Land and Buildings Transaction Tax while in Wales buyers pay Land Transaction Tax. In England and Northern Ireland the tax falls due on homes sold for £125,000 or more. However, first-time buyers pay…