OUR INDUSTRY BLOG

What Happens If Your Mortgage Lender Keeps A Retention?

What Happens If Your Mortgage Lender Keeps A Retention?

  What to do if your bank holds back some of your loan as a 'retention' Mortgage lenders' valuation report forms typically include a box labelled ‘Essential Repairs’ that the valuation Surveyor has to fill in. Depending on the condition of the property, and the...

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Why Mortgage Valuations Go Wrong

Why Mortgage Valuations Go Wrong

   Common Problems With Mortgage Valuations   Late mortgage valuation The valuation should normally be instructed within a couple of weeks of submitting your mortgage application, but can sometimes be delayed when employment or credit references are slow or...

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Mortgage Lending Property Issues

Mortgage Lending Property Issues

  Mortgage Lender Property issue #1               Lending criteria – the type of property In an earlier blog it was mentioned that some types of property are not acceptable to certain mortgage lenders. This should only be an issue in rare cases where buildings are of...

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Disaster Scenario #4: MORTGAGE PROBLEMS

Disaster Scenario #4: MORTGAGE PROBLEMS

 Mortgage problemsThe most commonly encountered problems for home buyers relate to mortgage funding. There are two main areas where problems can arise and seriously hamper a house purchase – those relating to personal credit or income references (see below) and those...

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How To Save Your Deal – With A Little Psychology

How To Save Your Deal – With A Little Psychology

  The Importance Of 'Buttering up'Achieving a successful purchase isn’t just about money and lawyers. Applying a little psychology can make a huge difference to whether a transaction succeeds or stumbles at one of the many hurdles along the way.So it’s smart to get...

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Tips To Avoid Being Gazumped

Tips To Avoid Being Gazumped

  How to make yourself Gazump-Proof                      There are a number of practical steps you can take to protect yourself from buyers going back on an agreed deal:   1.           Don’t make an offer to buy until your own property’s under offer.   2.          ...

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Homebuying Disaster Scenario #3: Gazumping and Gazundering

Homebuying Disaster Scenario #3: Gazumping and Gazundering

  Gazumped or gazundered? Here's what to do   When the housing market isn't reasonably stable,  with prices either rising sharply or falling, there's a greater chance that as the weeks go by one side or the other may be tempted to try and ‘renegotiate’ on the agreed...

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Homebuying Disaster Scenario #2: A Break In The Chain

Homebuying Disaster Scenario #2: A Break In The Chain

  A broken housebuying chain - what to do?   Of all the things that can go wrong, a break in the chain is the one you have least control over. The chain comprises a string of individual deals, downwards from the person who’s buying your house and upwards from the...

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