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Author: amoore70
Mortgage Glossary
Annual Percentage Rate of Charge (APRC) Mortgage lenders must quote an Annual Percentage Rate (APRC) as well as their standard interest rate. The APRC can be slightly confusing for borrowers, but it factors in the total cost of credit to you as a consumer and is then expressed as an annual percentage of the total… Read more
Is it possible to get a mortgage on a studio flat under 30m2
Yes, it is possible to get a mortgage on a studio flat under 30 square meters in the UK, but it can be more challenging compared to larger properties. Lenders typically consider small properties (under 30m²) as non-standard, and some may be reluctant to offer a mortgage due to perceived risks, such as limited market… Read more
The best websites for staying up to date with mortgage news
For staying updated on UK mortgage news, several reputable websites provide comprehensive coverage, expert analysis, and the latest updates. Here are some of the best websites to check: 1. MoneySavingExpert (MSE) 2. This is Money 3. The Financial Times 4. The Guardian – Money Section 5. BBC News – Business 6. Mortgage Strategy 7. Which?… Read more
Furnished properties – what should be included?
When renting a property as furnished in the UK, there are certain expectations and legal requirements you must meet to ensure the property is suitable and safe for tenants. Here’s a comprehensive guide on what you need to provide and consider: Basic Requirements: Safety and Compliance: Other Considerations: Conclusion: Providing a furnished rental property in… Read more
Can you buy a property without using a conveyancer?
In the UK, while it is technically possible to buy a house without using a conveyancer or solicitor, it is not recommended due to the complexity and legal intricacies involved in the property transaction process. Here’s a detailed look at the implications and considerations: Legal Requirements Advantages of Using a Conveyancer or Solicitor Options for… Read more
Best areas to live in Wiltshire
Wiltshire, a picturesque county in the southwest of England, offers a variety of attractive places to live, each with its own unique charm and advantages. Here are some of the best areas to live in Wiltshire, considering factors such as amenities, transport links, schools, and overall quality of life: 1. Salisbury 2. Bradford-on-Avon 3. Marlborough… Read more
How the FCA regulates UK mortgages
The Financial Conduct Authority (FCA) plays a crucial role in regulating the mortgage market in the UK. Established to ensure financial markets work well for consumers, businesses, and the economy, the FCA sets standards and oversees the conduct of mortgage lenders and brokers. Here’s an in-depth look at how the FCA regulates UK mortgages: 1.… Read more
Mortgage glossary – our handy guide to understanding key mortgage terms
1. Annual Percentage Rate of Charge (APRC): 2. Arrangement Fee: 3. Base Rate: 4. Buy-to-Let Mortgage: 5. Capital: 6. Conveyancing: 7. Early Repayment Charge (ERC): 8. Equity: 9. Fixed-Rate Mortgage: 10. Flexible Mortgage: – A mortgage that allows for overpayments, underpayments, and payment holidays, offering more flexibility to the borrower. 11. Interest-Only Mortgage: – A… Read more
How landscaping your garden can add value to your property
Landscaping your garden can significantly enhance the appeal and value of your property in the UK. The impact of landscaping on property value varies depending on the extent of the work, the quality of the design, and the overall market conditions. However, here are some key points to consider: General Impact on Property Value: Specific… Read more
What does a building survey consist of?
A building survey in the UK, also known as a full structural survey, is a detailed inspection of a property’s condition, typically conducted by a chartered surveyor. This type of survey is recommended for older properties, properties with unusual features, or those that have been significantly altered. Here’s what a building survey typically consists of:… Read more