Property discussion | Page 17 of 45

I Can’t Sell My House What Are My Options (If I live In The UK)?

By Russell BowyerPosted in Help to sell my property, Property discussionTagged House won't sell what are my options uk, I can't sell my house what are my options, What to do if you can t sell your house uk, Why won't my house sell uk4 Comments

If your house isn’t selling and you need to move right away, what are your options.

You may be moving elsewhere in the UK or perhaps emigrating overseas and need to sell fast. But the location of your house and current market conditions will affect how quickly your house will sell.

If you are willing to consider creative options (which doesn’t necessarily mean selling at under value), you could sell your house within a few days. Yes within a few days!

How Many Months Mortgage Arrears Before Repossession in the UK

By Russell BowyerPosted in Help to sell my property, Property discussionTagged How long can you not pay your mortgage before repossession, How Many Months Mortgage Arrears Before Repossession2 Comments

In the UK repossession of your home can only be used as a last resort by lenders. There’s an agreement in place with all the major UK lenders that they will not begin repossession proceedings until at least three months of arrears have occurred. Also, as a part of the repossession process your lender must refer you to seek independent debt advice.

What Is a Restrictive Covenant On Property?

By Russell BowyerPosted in First time buyers help, Help to buy a property, Property discussion, Property investmentNo Comments

A restrictive covenant on property imposes limits on its use or on any alterations to the property. A covenant dictates what owners can or can’t do, and are aiming at maintain standards, preserving aesthetics, or to regulate shared spaces within a community.

What Happens If You Sell Your House and Don’t Buy Another?

By Russell BowyerPosted in Help to sell my property, Property discussionNo Comments

If you sell your house and don’t buy another home in the UK, you must pay the balance of your mortgage on the property and then bank the remaining equity. The good thing about selling and not buying again in the UK is you don’t pay Capital Gains Tax as long as the house was your your main residence.

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

By Russell BowyerPosted in Help to buy a property, Help to sell my property, Property discussion4 Comments

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 Much Can You Borrow Based On Your Rental Income?

By Russell BowyerPosted in Help to buy a property, Property discussion, Property investmentNo Comments

Mortgage lenders require the rental income to be 125% of monthly mortgage payments for basic rate tax payers and 145% for higher rate tax payers for interest only buy to let mortgages. But the interest rate used to calculate the mortgage payments is the stressed interest rate not the actual rate.