Bowfin Property

Property Solutions to Sell Your House Fast For Market Value

Help to buy a property

Do I Have To Sell My House Before Making An Offer For Another

It’s best to sell your house before making an offer for another, as although you can make an offer on a house before selling yours, most sellers will only consider an offer from cash buyers, chain-free buyers or those who have already accepted an offer on their existing property.

How Is The Mortgage Stress Test Calculated? (Stress Test Calculator Included)

A mortgage stress test is calculated using the stressed mortgage rate to stress mortgage payments against monthly rent should interest rates rise. The stress test calculation takes account of interest rate cover ratio (ICR) which is 125% for basic rate tax payers or 145% for higher rate tax payers.

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