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...
Mortgage Lending Property Issues
Mortgage Lender Property Issues Lending criteria – the type of property In an earlier blog it was mentioned that some types of property are deemed unacceptable by mortgage lenders. This is usually only a problem in fairly rare cases where...
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...
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...
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. ...Save money by cutting out the banks
By arranging your home survey directly online - rather than via a mortgage lender - you can save the large chunk of the survey fee that the banks normally keep. They may still want to instruct a valuer to carry out their mortgage valuation, but don’t let them try to sell you an expensive Homebuyer or Building Survey from one of the large, target-driven, corporate firms on their 'panel'.
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