The Christmas decorations are down and thoughts often turn to DIY and home improvements, but these improvements will need paying for. Did you know that you can use the equity in your property to release money for this purpose?
There was a time when, if you had a less then perfect credit rating, you’d struggle to get a mortgage. Financial institutions are realising that more and more of us have credit commitments, whether this be car loans, credit card debt, store cards or even CCJ’s and bankruptcy, and are adapting their lending criteria and products to suit.
Depending on how comprehensive your policy is, will depend on whether you are covered.
The most common cause of burst pipes is frozen water in the pipes expanding and causing them to burst. There are several measures you can take to prevent this happening.
In any industry you’ll find jargon, but when you’re making probably the biggest financial commitment you’re likely to make, you need to be sure you understand what the estate agents, mortgage broker/lender or solicitor/conveyancer are talking about. So, here’s a quick run-down of a few terms you might hear during the house buying process:
Getting on that first rung of the home owning ladder can be difficult, especially now that the average house price in the UK is £226,906* and the minimum deposit amount would be £11,345.30 on a home of this value.
An Agreement in Principle (AIP) or Decision in Principle (DIP) is a pre-mortgage application that gives you a really good idea of what a lender will lend to you.