Hot Topics

How Much Deposit Do I Need?
As a general rule of thumb, you need to make a deposit of about 5 – 10% of the total amount you are borrowing.
Unusual Properties
What happens if I have an unusual property?
Where Can I Buy a Mortgage?
Many, but not all financial services companies offer mortgages. If you are looking for a mortgage the traditional approach is to speak to you bank or a building society. However, you are most likely to find the cheapest deals by speaking to a Mortgage Broker.
The Mortgage Glossary
APR - This stands for Annual Percentage Rate and should be used to compare the costs of credit.
Base Rate Tracker Mortgage
A base rate tracker mortgage tracks the Bank Of England’s base interest rate then adds on a additional figure to arrive at the borrowers variable rate. Your monthly mortgage interest payments go up when the base rate goes up and they go down when the base rate goes down. The base rate tracker interest rate is usually between 0.5% and 1.0% above the Bank Of England's Base Rate.

What Is Conveyancing?

Conveyancing is the name of the legal process of transferring ownership from the seller to the buyer.

This is always carried out by a solicitor or licensed conveyancer, and when your offer on a property has been accepted, the seller's estate agent will need your solicitor's details so they can carry out the conveyancing process.

You have to pay all the solicitor’s costs, so before agreeing to use a particular solicitor, it is a good idea to obtain quotes from a number of solicitors to decide which firm you wish to use. You are perfectly within your rights to do this, as the procedure can be quite expensive, and shopping around is easy, simply ring up three or four solicitors for a quotation, or look on the internet and get an online quote.