4 Factors That Could Hold Up Your Mortgage Application

Couple filling out document looking puzzled with model house

As the new year approaches, people think about their New Year's Resolutions and starting a fresh, which can often include moving house or buying your first home. However, as there are many factors to take into consideration when applying for a new home, there are often some things that get overlooked. These are factors that could slow down your application, which may lead to you not being able to purchase your dream home, or making the process a real headache. Below are 4 factors that could hold up your mortgage application 1. Bad Credit Score When applying for a mortgage and buying a home,...

25 June

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The Importance of a Cohabitation Agreement

Posted by Rebecca

in Property

Handing over house keys to another persons hand

Couples thinking of moving in together often don’t think about what would happen with the house if they were to break up, however it is something that they should consider. Whilst married couples enjoy protection if the relationship ends, these rights do not apply to couples cohabiting. Cohabitation is the fastest-growing ‘family type’ in the UK, increasing to 3.3. Million in the last year. When a cohabiting couple break up, the ownership of their home is likely to take up a large amount of dispute. This is because both parties claim that they have a share in the property, contributing financially...

29 November

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Stamp Duty Land Tax Calculator

Posted by Rebecca

in Property

Stamp duty stamp with house on calculator

Stamp Duty Land Tax is money that you have to pay when buying a property or land that costs more than a set amount. The amount of money that you have to pay varies on the price and type of property. The total SDLT that you pay is usually the price of the property or land. You pay a percentage of the cost, which can leap up at a set of thresholds, however you only pay the proportion of the purchase price that’s above the threshold. People buying an additional property to their own, will pay an extra stamp duty on...