Unusual Properties
Hot Topics
- What Happens During The Mortgage Application Process?
-
The mortgage application process, once underway, does not take very long. Once you have decided to go with a certain lender and signed a purchase contract, the lender will run a full credit check verifying your income, liabilities and your ability to repay the loan.
- What Happens If I Am Refused A Mortgage?
-
If you are refused a mortgage it will be because you have a poor credit rating and/or a bad credit history.
- What Happens If We Have A Joint Mortgage, But One Of Us Wants To Leave?
-
This area of the law is an extremely complex one – and it all depends on who is the legal owner of the property. You can read about this matter further on http://england.shelter.org.uk/advice/advice-469.cfm
- What Are ISA Mortgages?
-
If you take out an intrest only mortgage your lender will expect you to put in place a ‘financial vehicle’ capable of repaying your mortgage at the end of the mortgage term.
- What Are Buy To Let Mortgages?
-
A buy to let mortgage is an excellent opportunity to cash in on the property boom at the moment – because while many homeowners can afford a 2nd home, there’s also a booming market for those who cannot afford to get a mortgage, and need to rent. Find yourself a good location and reliable tenants and your monthly repayments on your mortgage will be covered by their rental yield.
What happens if I have an unusual property?
If you have an unusual property, you may find it harder to get a mortgage from a regular high street lender. However our mortgage partnershave all the systems in place to deal with any type of property, and will be sure to find you some extremely competitive quotes.
In general, your property is expected to be made of brick or stone walls and a tile or slate roof. If your property has been constructed of any other materials such as concrete, prefab or wood then your home will be considered as an unusual property construction and this may well cause you to be over looked by the high street lenders. Properties in non-standard locations such as above shops, below street level and high-rise flats are also defined as ‘unusual properties’.
1st Time Buyer - Buy to Let Mortgages - Capped Rate Mortgages - Discount Mortgages - Fixed Rate Mortgages - Flexible Mortgages - ISA Mortgages - Low Setup Cost Mortgages - Self Cert Mortgages - Tracker Mortgages - 100% Mortgages - Remortgages- Cashback Mortgages - Adverse Credit - Buy to Let - Commercial Mortgages - Company Directors - Equity Release - Fixed Rate Mortgages - Income Multiples - Interest Rates Explained - Mortgage Glossary - - Mortgages Explained - Previously Declined - Refinance Mortgages - Repaying Mortgages - Right to Buy Mortgages - Self Employed - Unusual Properties - Variable Rate Mortgages
|
