What is shared ownership? Shared ownership is a scheme offered by some housing providers that allows you to buy a share of a property, and then pay rent on the remaining part. It can be a more affordable route – compared to buying a home outright – for first time buyers, or those that don’t currently own a home, to get onto the property ladder. What type of property can I buy...
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There are several ways to fund your property purchase, including the use of a mortgage. Cash Cash is probably the simplest way to purchase a property. When using cash to fund the purchase you will need to show where the money has come from to satisfy. Cash purchases will typically come from several sources: Having already sold your previous home and holding money in the bank whilst you look...
In recent years, the notion of what an estate agent does, or is expected to do, has changed quite dramatically. Now, the range and level of services offered by different estate agents is very broad, depending on the needs of the seller of the property. For example, some agents conduct the viewings on a seller’s behalf, while some sellers choose to carry out their own viewings. The agent is chosen and...
There are a number of different ways in which you can purchase a property. Private Treaty The most common way to buy a property in the Uganda is by private treaty on the open market. The property will be advertised with an asking price and the seller may consider offers. In Uganda, once an offer has been accepted and an agreement is reached, a contract of sale will be issued and those contracts...
Buying your own property to live in has a number of advantages over renting, however, it’s not for everyone. Before deciding whether buying is right for you, make sure you consider the benefits and disadvantages. Benefits to buying: It gives you a better level of control over your home and the ability to make improvements as you see fit. If your property increases in value, perhaps through...
You’re almost there. It’s time to make sure all the details in your application are correct. As long as you’ve done your preparation and followed the advice from your interview, you’ll have given yourself the best chance of approval. Paperwork you’ll need When you have your interview with the lender’s representative or the mortgage adviser, they’ll start completing the application...
When you’re applying for a mortgage, one of the first things you’ll need to consider is the mortgage term. This refers to the number of years it will take to repay your loan, as well as the interest. When you take out a mortgage, you’ll have to decide on a mortgage term that meets your needs, both now and in the future. The longer the term, the lower your monthly...
Buying a property is a big step involving a substantial long-term financial commitment, so think hard about what you can afford. You will need to consider the assets you have – like savings, which you might be able to use for your deposit – as well as the money that’s coming in and going out. You don’t want to commit to a mortgage and then realise you can’t afford some of the nicer things in...
When you find your dream home, you’ll want a quick sale on your current property to avoid missing out. But that doesn’t mean you have to compromise on price - as long as you know how to choose the best estate agent for the results you’re looking for. How to pick an estate agent To achieve the best price for your property in the fastest time, you’ll need to instruct the best estate agent....
Visualise living in your next home. Moving house is a chance to begin afresh perhaps even reconsidering your lifestyle. Use this vision to help you decide on which items you want to keep. This will also help you to let go of items that either won’t physically fit into your new home or won’t be part of your new lifestyle once you’ve moved. Start with easy wins - anything that is...