“Can you buy a house at auction with a mortgage” is a question I am asked from time to time. The short answer is ‘yes’. The long answer, however, is more nuanced and requires some explanation. There is nothing in principle why a lender would not provide a mortgage for a property at auction. It … Read more
Are you a first-time property buyer? If you are you may have some concerns and worries about the timing of the various payments you will need to make to buy your first piece of real estate. Let’s take a look, shall we? The first payment you will be expected to make will be a booking … Read more
If you are buying a new house you should check if it is registered with a structural defect scheme such as HomeBond or Premier. Your lender, if you are borrowing to purchase, may make it a condition of the loan offer that the house is covered by such a scheme. Or the lender may accept … Read more
Some years ago, the late Princess Diana, in a television scoop interview with journalist Martin Bashir on Channel 4, told Bashir that “there are three people in this relationship”. This was a reference to the breakdown of her marriage to Prince Charles and to Camilla Parker Bowles with whom Charles was having a relationship. This … Read more
When you are buying a house there are some tasks which will correctly take priority over others. The two key things you will probably be concerned with are 1. Arranging loan finance (assuming you are not a cash buyer), and 2. Finding the right property Nevertheless, certain delays may arise in the course of your … Read more