For these types of properties, developers must secure a certain number of pre-sales before banks will let the development go ahead and mortgage lending can be approved. Which is why ‘off the plan’ sales are launched ahead of construction. For purchasers, buying apartments off the plans, offers some great opportunities
Following are some tips for first home buyers, with perhaps less than 20% deposit who want to make sure they are in the best possible position to apply for mortgage finance. Savings Typically the banks want to see a consistent savings history of 3-6 months for at least 5% of
Insuring your home House insurance is a condition of your home loan. It covers loss and accidental damage from fire, water, burglary and natural disasters, including earthquake and landslides. There are two main types. Specified Sum Insured is based on the cost to replace in the event of total loss.
How to be mortgage-free at 27 by NIGEL PILKINGTON Complaints by 20 to 30-somethings about being locked out of the housing market seem to have multiplied recently. Everybody’s circumstances are different, but I think the goal of home ownership is still within the reach of most people. My wife and
Discuss with your solicitor the most appropriate for ownership structure. If you are purchasing in your own name and there is to be more than one owner, you should consider: (a) Joint Tenancy – A joint tenancy is the most common way for a husband and wife to own a
If this property is on a cross lease or composite title, the purchasers should be aware that any external changes or additions made to the existing building or outbuildings will involve surrender of the lease, the issue of a new lease and title, the drawing up of a new flat
© 2019 Oliver Broomfield. All Rights Reserved | Website Designed by Unleashing Potential
