What is a cashback mortgage? A cashback mortgage is a type of mortgage that provides borrowers with a sum of money upon the completion of the mortgage agreement. The cashback amount can be a percentage of the borrowed amount or a fixed sum. Unlike upfront cash...
Can I have a joint mortgage with my parents? A joint mortgage with parents refers to borrowing money for a home with one or both of your parents. Each person included in the application must meet the lending criteria and will share equal responsibility for making...
Is it harder to get mortgage for new build UK? Securing a mortgage for a new build property in the UK can indeed present some challenges compared to obtaining a mortgage for an older property. Lenders have varying definitions of new builds, typically referring to...
What is a mortgage on a moving home? A mortgage on a moving home, often referred to as a home mover mortgage, is a type of loan that individuals obtain when they are in the process of moving to a new house. This mortgage serves the purpose of financing the purchase of...
Is it worth taking voluntary redundancy? Voluntary redundancy can be a viable option for individuals considering a career change when their company is contemplating downsizing or facing challenges. This approach entails employees willingly choosing to leave their...
As a reliable source of income and a chance for long-term investment, renting out properties in the UK may be a successful endeavour for landlords. To guarantee a successful and fulfilling experience, it is crucial to negotiate the rental market with knowledge and...
Is it best to turn off radiators in unused rooms? It is not always the best approach to turn off radiators in unused rooms as it may not necessarily reduce heating bills and might even increase them, especially if you have a modern condensing boiler or a heat pump....
How does a probate house sale work UK? Selling a house in probate in the UK involves obtaining a grant of probate or letters of administration which is required to deal with the estate of deceased person. The Executor named in the Will is responsible for administering...
Selling or gifting a house to a family member may seem like a simple and generous solution, but it entails legal and tax considerations that require careful examination before proceeding. Understanding the potential risks and benefits of such transactions is important...
Do you pay tax when you sell a property in the UK? If you sell a property in the UK, you may be liable to pay Capital Gains Tax (CGT) on the profit you make. The amount of tax you pay depends on a variety of factors such as your income, the value of the property, and...
