If you’re thinking about applying for a mortgage, do you really know the cost involved? You may have done your research, but sometimes there are charges and fees you have missed. In this blog we’ll be looking at some of the costs you might not be expecting to face. Higher Lending Charges (HLCs) A higher... View...
Mortgage market experts have predicted that the base interest rate will remain at 0.5%, a record low, until at least 2014. Further reports even suggest this historically low rate will remain for potentially three to five years. Most experts agree that there did not appear to be a sufficient improvement in the economy to allow... View...
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You usually pay Stamp Duty Land Tax (SDLT) on increasing portions of the property price when you buy residential property. SDLT only applies to properties over £250,000. There are three rates of stamp duty for residential property, with a standard rate for people who own one property, a surcharge for those who own multiple properties and a relief element for first time buyers.
For more information visit the .Gov website HERE
