When you build a house it can be a turn‐key solution where you pay a deposit and then the rest on completion, or it can be a construction loan. A turn‐key solution is just like any other mortgage – you can put down a 10% deposit and borrow up to 90% with most lenders. The
When you and your partner split up, either the property needs to be sold or one of you needs to buy the other out… It is not necessarily straightforward.
The reality is that starting a family is financially challenging. The good news is that mortgage products have become fairly flexible provided you plan around them properly. We deal with a large number of young professionals that are planning to start a family, but whose large mortgage also means they rely on two incomes
A second mortgage is exactly that. For higher-risk lending we sometimes use a bank for the first mortgage (has first priority over the property), and arrange a second mortgage with a finance company
It is a buyer’s market. What does that mean when it comes to negotiating the purchase price? How do you make sure you get a great deal? We have written a PDF on this topic which you can download here: Negotiating the Price Price is property- and vendor-dependent. On one hand, less desirable properties
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