The 7 steps to home buying infographic, brought to you by Halifax, features useful home buying hints and tips.
The infographic works well with their new free app which makes finding a home easier.
June 27th, 2012 HIP-Consultant.co.uk Posted in Mortgages, Property Market 7 Comments »
The 7 steps to home buying infographic, brought to you by Halifax, features useful home buying hints and tips.
The infographic works well with their new free app which makes finding a home easier.
June 11th, 2012 HIP-Consultant.co.uk Posted in Financial Products, Mortgages, Property Market 2 Comments »
The spectre of negative equity first appeared on a significant scale during the housing market crash in 1990s when interest went up so high that no one could afford to pay or take out a mortgage. The problem is now back and is worse than ever.
December 12th, 2011 HIP-Consultant.co.uk Posted in Mortgages, Property Market 1 Comment »
These are tough times for first time buyers trying to get a foot on the first rung of the property ladder. The high loan to value mortgages of the noughties are consigned to banking history and these days, a deposit of 15% – 20% will need to be raised, along with legal costs, survey costs and all of the other expenses associated with moving in to a new home. In reality this means that first time buyers are needing to raise at least £15,000 to £20,000, often much more to have a hope of buying their first home.
November 4th, 2011 HIP-Consultant.co.uk Posted in Financial Products, Mortgages 1 Comment »
Choosing the right mortgage is possibly the biggest financial obligation most people make in their lifetime, so it’s imperative that you do your research before making your decision.
With an abundance of selections of mortgage options and an endless array of financial institutions offering their own programs, you can be left feeling overwhelmed.
October 20th, 2011 HIP-Consultant.co.uk Posted in Mortgages, Property Market 3 Comments »
I was reading about Nick Clegg’s proposal at the Liberal Democrat conference to impose an additional tax on empty homes the other day with the aim of stimulating the housing market and it got me thinking about a couple things. Firstly, why oh why did I think voting Liberal was a good idea and secondly, what could be done to stimulate the housing market?
September 15th, 2011 HIP-Consultant.co.uk Posted in Estate Agents, Mortgages, Property Market 3 Comments »
You would need to have been living on Mars for the past ten years not to know about the rise and fall of the UK Housing Market. From the incredible price inflation of the early 2000s to the near collapse following the 2008 banking crisis, house prices regularly make for headline news. So what’s next?
June 22nd, 2011 HIP-Consultant.co.uk Posted in Financial Products, Mortgages 1 Comment »
Remortgaging your property is a big decision, but make the right move and you’ll be glad you put the time and effort into it.
Well, if you’re coming to the end of your current mortgage deal, you’ll have to make a decision between finding a brand new mortgage and reverting to your lender’s SVR (Standard Variable Rate) deal.
April 26th, 2011 HIP-Consultant.co.uk Posted in Financial Products, Mortgages 1 Comment »
The decision to take on a mortgage is a big one and should not be taken lightly. It is likely that you will be repaying it for most of your working life. It’s extremely important therefore to make sure that you get the mortgage that is right for you. You should be prepared to pay a little extra for some good quality independent financial advice.
March 14th, 2011 HIP-Consultant.co.uk Posted in Estate Agents, Legal, Mortgages 2 Comments »
Currently, a solicitor who is performing “reserved legal activities” (activities which only a solicitor is permitted to perform such as the key elements of a conveyancing transaction) for the general public is only permitted to practise in a firm wholly owned by solicitors. The Legal Services Act 2007 (“the Act”) however introduces a new type of business entity, the Alternative Business Structure (ABS).
February 8th, 2011 HIP-Consultant.co.uk Posted in Legal, Mortgages 4 Comments »
Before agreeing to lend money on a property a mortgage lender will instruct a valuer to carry out a basic report, called a valuation report. The report does not go into any great detail but will give a market value figure which the lender will rely upon when deciding how much it ought to lend.
January 24th, 2011 HIP-Consultant.co.uk Posted in Mortgages, Property Market 3 Comments »
Before buying any property you are highly encouraged to have a survey carried out. In fact if you are buying with a mortgage then your lender will insist. If you don’t have a survey then you are accepting the property in whatever condition it happens to be in, regardless of whether the seller is aware of any defects. There may be problems with the property that are not apparent from just looking around.