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Author: amoore70
ESIS forms – what are they and what should they contain?
An ESIS form, or European Standardised Information Sheet, is a document provided to potential mortgage borrowers in the UK to offer a comprehensive and standardized overview of the mortgage product they are considering. The ESIS form ensures that borrowers have clear and comparable information about mortgage offers from different lenders, facilitating better-informed decisions. This form… Read more
Understanding legal titles in UK land ownership
In the UK, land ownership is categorized into various types of legal titles, each conferring different rights and levels of security to the holder. Understanding these titles is crucial for anyone involved in buying, selling, or managing property. The main types of legal titles in UK land ownership include Absolute Title, Possessory Title, Qualified Title,… Read more
Adverse mortgages – what are they and who are they for?
An adverse mortgage in the UK is a type of mortgage specifically designed for individuals with a history of adverse credit. These mortgages cater to borrowers who have struggled with credit issues, such as missed payments, defaults, County Court Judgments (CCJs), bankruptcies, or Individual Voluntary Arrangements (IVAs). Due to the increased risk posed by these… Read more
Credit impaired customers and the impact on mortgages
In the context of UK mortgages, a credit-impaired customer (also known as an adverse credit customer) is an individual with a history of credit issues that may affect their ability to obtain a mortgage or result in them being offered less favorable mortgage terms. This status is typically defined by certain negative marks on their… Read more
Right to manage – all you need to know
The Right to Manage (RTM) in the UK leasehold system grants leaseholders of residential properties the legal right to take over the management responsibilities of their building from the landlord or managing agent. This process empowers leaseholders to collectively manage the property’s common areas, such as staircases, communal gardens, and shared facilities, without having to… Read more
Landlord insurance – what’s covered?
Landlord insurance in the UK is a specialized type of insurance designed to protect landlords from financial losses associated with renting out residential or commercial properties. It provides coverage for a range of risks and liabilities that landlords may face, offering peace of mind and financial security. Coverage Offered by Landlord Insurance: 1. Building Insurance:… Read more
Do resident parking permits affect property prices?
The impact of resident parking permits on property prices can vary depending on various factors, including the location, demand for parking, and availability of alternative transport options. Here are some considerations: 1. Convenience: 2. Parking Availability: 3. Local Amenities and Infrastructure: 4. Property Desirability: 5. Market Demand: Conclusion: Resident parking permits play a crucial role… Read more
The heart of the home: Why the kitchen reigns supreme
When it comes to the most important room in a UK house, there’s a strong case to be made for the kitchen. Beyond mere functionality, the kitchen holds a special place in our homes and hearts, serving as the hub of activity, nourishment, and connection. Here are several compelling reasons why the kitchen stands out… Read more
A guide to lifetime ISA’s
The Lifetime Individual Savings Account (ISA) is a versatile financial tool designed to help individuals in the UK save for their first home or for retirement. If you’re considering opening a Lifetime ISA (LISA) or want to learn more about how they work, this guide will provide you with all the information you need. What… Read more