Category

Mortgages

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This change marks a significant milestone for homeowners across England and Wales as the Leasehold and Freehold Reform Act has officially become law on 24th of May 2024. This landmark legislation, introduced by the Department for Levelling Up, Housing and Communities, aims to revolutionise the rights and protections afforded to leaseholders and freeholders alike. Here’s...
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Today, official data revealed that the Consumer Prices Index (CPI) rose by 2.3% in the 12 months to April 2024, a notable drop from the 3.2% increase seen in March. This figure, though lower than the previous month, is slightly above the 2.1% predicted by economists. While progress has been made, it’s not quite enough...
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Definition of Mortgages A mortgage is a type of loan specifically designed to help individuals purchase property, usually a home. In the UK, this financial product is a cornerstone of the housing market, enabling buyers to spread the cost of a property over an extended period, typically 25 to 30 years. The property itself serves...
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With the fluctuating economy and varying interest rates, homeowners are constantly seeking ways to manage their finances more effectively. One strategy that often comes up in discussions is making overpayments on mortgages. While it might seem like a straightforward decision, there are several factors to consider to ensure it aligns with your financial goals and...
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In the realm of securing a mortgage, your credit score is a pivotal factor that lenders consider. It’s the numeric representation of your creditworthiness, and improving it can significantly enhance your prospects of buying your dream home. Through consultations with various mortgage and financial advisers, a set of universally beneficial strategies has emerged. Here’s a...
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sui generis hmo uk
“Sui generis” is a Latin term that literally translates to “of its own kind” or “unique”. In the context of UK property investing, specifically regarding Houses in Multiple Occupation (HMOs), the term “sui generis” is used in planning and zoning laws to categorize properties that do not fall into any standard use class.
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mortgage uk
Navigating the world of mortgages can be a daunting task for even the most seasoned homebuyers. With a plethora of terms and phrases, it’s easy to feel overwhelmed and unsure about making informed decisions. To help you make sense of the mortgage jargon, we’ve compiled a comprehensive guide that delves into the most commonly used...
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