The so called “Credit Crunch” in the US sub-prime mortgage markets is likely to affect commercial mortgage rates in the UK. Although no-one knows for certain yet how far and how seriously the recent problems in the mortgage markets are going to reach, there is a consensus that the impact will be felt. The problem …
Home Information Pack (HIP) providers have joined forces to offer home sellers a deferred payment scheme. The idea behind the scheme is that vendors enter into a 10 month deal where they only pay for theHIPs they request once the sale of the subject property has completed. HIP Payment Services are behind the scheme and …
During the process of purchasing a property, whether it is for commercial mortgage, bridging finance or even as part of a property development package you may well hear your solicitor talk about title insurance. This insurance basically protects owner (and therefore mortgage companies) from unexpected challenges from a third party. These challenges can take the …
Through the day we get updates and press releases from property finance publications and various trade bodies. On Tuesday (18th September) The Building Societies Association (BSA) reported “unwavering consumer confidence” within the housing market. They went on to explain that their report is the first look at the public’s view on residential property purchases. Unsurprisingly …
A fast commercial mortgage is easy to get but be prepared to pay a little extra. Competition among financial organisations and banks is the main factor that in recent times has led to commercial mortgages becoming much easier to obtain. Difficulties traditionally associated with a poor credit history once meant that an application for a commercial mortgage might well …
From today anyone marketing a property with three-bedrooms must now provide a [tag]Home Information Pack[/tag] (HIPs). This follows the introduction of Home Information Packs for four-bedroom houses from the beginning of August. The packs were intended to speed up and simplify the house buying system in England and Wales, however their introduction has been opposed …