You may hear people nervously talking about an increase in the Bank of England Base Rate, but what effect could this have on you?
Parliament brought in the Money Laundering regulation (now known as the Money Laundering Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017) and the Proceeds of Crime Act 2002 to protect customers from fraud, but also to try to prevent criminals using ill-gotten gains to buy things, resulting in their dirty money becoming clean (hence the laundering).
Japanese Knotweed was introduced into the country in the early 1800’s as an ornamental plant for the garden. Little did they know, the destructive nature of this weed.
Properties are bought on a Freehold, Leasehold or part Freehold/part Leasehold basis.
Freehold properties are owned outright including the land that the property sits on. With this comes the responsibility of maintaining the property and land entirely. Some properties can become leasehold properties via shared ownership schemes.
There are many reputable lenders out there that you can approach for a mortgage. You could go to the bank that you hold your current account with, you could go to any bank or building society on the high street or you could contact an internet lender.
Being on disability benefits won’t stop you from being able to get a mortgage, as there are lenders out there that will take benefits into consideration even if this is your sole income.