In previous blogs we have covered letters A to C, D to F and G to O. In this final part we will cover P-Z, and hopefully over the course of these blogs you are now well versed in mortgage terminology. Portability If you have a portable mortgage, you can transfer your borrowing from one... View...
In previous blogs we have covered letters A to C and D to F. In this blog we will cover G to O. Many of these terms are ones you will come across regularly when researching mortgages, and although at first you may not recognise any of them, this helpful series of blogs will have... View...
In the previous blog we covered A to C of mortgage terms you’ll often come across, and their meanings. In this blog we will look at D to F. Defaulting If you miss a mortgage payment and slip into arrears then it is known as ‘defaulting’. If you think this is a possibility, then speak... View...
David Radford, one of the Partners at David James Estate Agents has recently returned from completing the Ten Peaks Challenge. The event took place in the Lake District with the aim of completing the full climb with 24 hours, beginning at 4am and finishing at the same time the following day. The aim of the... View...
When you’re shopping around for your mortgage, you’ll often come across words and phrases that you don’t understand. Don’t worry- this happens to everyone. In this article we’ll be running through some of those you’ll come across. APR This stands for Annual Percentage Rate. This is the total cost of your mortgage, including all fees... View...
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...
So you’re thinking of purchasing your first property, but where do you start? Buying a house is a big decision, and you need to make sure you know you’re ready before you take the plunge. In this week’s article, I’ll run through five steps that can help you start climbing the property ladder. 1. Do... 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
