Posts tagged with Solicitor

UK Mortgages – Need To Know Information

  • Posted on March 7, 2011 at 11:26 am

Whatever stage of the mortgage game youre at, unless you happen to be a qualified financial advisor, solicitor and broker all rolled into one, youll need professional help to find and arrange your loan. This guide presents some basic information on mortgages, but youll need to take specialist advice for your individual circumstances.

Having a general awareness of the processes involved and an idea of whats available to you should help you to make the right decision when you choose your mortgage.

You should be aware, too, of the difference between information and advice. Anyone can give information, and a survey of the web will offer literally thousands of pages about mortgages. Be aware of the legal aspects of mortgages and finances any agreements should be in writing, and you should check all documents carefully before signing. Verbal agreements and information should always be backed up by written copies. Below are some useful starting points for you to explore. Good luck!

Information

The web offers any amount of information on mortgages check that the pages are recent as rules and offers change constantly. Good sources of official information are:

The Financial Services Authority includes a guide to money, mortgages and debt, plus details of regulatory bodies and ombudsmen www.fsa.gov.uk

Direct Gov general information on finances and benefits
www.direct.gov.uk

Inland Revenue check the tax rules that apply to you
www.hmrc.gov.uk

Advice

Anyone offering you advice should be a qualified professional. They should be registered with an appropriate independent regulatory body, and you can ask to see copies of their qualifications. Theres a lot of free advice out there, that should help you without obligation, and its worth taking advantage of.

Independent Financial Advisors

Find an advisor at www.impartial.co.uk and a mortgage specialist at www.unbiased.co.uk

Solicitors

Often family or friends will recommend a solicitor, otherwise look for one that specialises in conveyancing and house buying. Check www.lawsociety.org for professionals in England and Wales, and www.lawscot.org.uk for Scotland.

If you have a query or complaint

The FSA are now the body that regulates financial professionals and lenders the Financial Ombudsman can investigate complaints or disputes and usually resolve them. Contact the professional or lender first they should have a complaints procedure. If you are still not satisfied, you can ask the ombudsman to consider your case: www.financial-ombudsman.org.uk
.
(The websites of the respective law societies of England & Wales and Scotland are the place to find out how to make a complaint about a solicitor or firm, see above.)

Continue reading UK Mortgages – Need To Know Information

UK Mortgages – Need To Know Information

  • Posted on February 28, 2011 at 11:26 am

Whatever stage of the mortgage game youre at, unless you happen to be a qualified financial advisor, solicitor and broker all rolled into one, youll need professional help to find and arrange your loan. This guide presents some basic information on mortgages, but youll need to take specialist advice for your individual circumstances.

Having a general awareness of the processes involved and an idea of whats available to you should help you to make the right decision when you choose your mortgage.

You should be aware, too, of the difference between information and advice. Anyone can give information, and a survey of the web will offer literally thousands of pages about mortgages. Be aware of the legal aspects of mortgages and finances any agreements should be in writing, and you should check all documents carefully before signing. Verbal agreements and information should always be backed up by written copies. Below are some useful starting points for you to explore. Good luck!

Information

The web offers any amount of information on mortgages check that the pages are recent as rules and offers change constantly. Good sources of official information are:

The Financial Services Authority includes a guide to money, mortgages and debt, plus details of regulatory bodies and ombudsmen www.fsa.gov.uk

Direct Gov general information on finances and benefits
www.direct.gov.uk

Inland Revenue check the tax rules that apply to you
www.hmrc.gov.uk

Advice

Anyone offering you advice should be a qualified professional. They should be registered with an appropriate independent regulatory body, and you can ask to see copies of their qualifications. Theres a lot of free advice out there, that should help you without obligation, and its worth taking advantage of.

Independent Financial Advisors

Find an advisor at www.impartial.co.uk and a mortgage specialist at www.unbiased.co.uk

Solicitors

Often family or friends will recommend a solicitor, otherwise look for one that specialises in conveyancing and house buying. Check www.lawsociety.org for professionals in England and Wales, and www.lawscot.org.uk for Scotland.

If you have a query or complaint

The FSA are now the body that regulates financial professionals and lenders the Financial Ombudsman can investigate complaints or disputes and usually resolve them. Contact the professional or lender first they should have a complaints procedure. If you are still not satisfied, you can ask the ombudsman to consider your case: www.financial-ombudsman.org.uk
.
(The websites of the respective law societies of England & Wales and Scotland are the place to find out how to make a complaint about a solicitor or firm, see above.)

Continue reading UK Mortgages – Need To Know Information

Buying to let guide – UK Rental Property Management

  • Posted on June 14, 2010 at 11:26 am

Buying to let guide – UK Rental Property Management

This is where most developers end up. Once executed, this can prove to be money for old rope. Ok thats a bit pushing the point, but here i can teach you some really useful tips on how to let with very little fuss. The essetial element is to first consider the previous chapters as just as important as the monthly cheque you receive from your tennants. In effect the two are very much releated. So re-read those chapters before you get to this exciting chapter on how to but to let.

My 10 Steps to success
Ok i’m going to make this very easy by revealing my 10 steps. Follow this and you will succeed, ignore a step and you may struggle. Here goes…

1. Find the right area to buy into and make some appointments with local letting agents normally estate agents will be able to offer help with letting too .

2. Once you’ve picked their brains to assess the state of the lettings market (and discovered what type of properties are most in demand) you can begin the house hunting game. Get several viewings under your belt to get a feel of the market.

3. Talk to mortgage providers early on in the game to ensure that you find the best deal. If you have a personal financial advisor, they will do this service free of charge, use this free service, it may save you money and time along with our useful free development guide on this site.

4. Once you’ve found a suitable property put in an offer and be patient. What you might think is a silly offer may prove to be a bargain, remember you can always increase your offer.

5. When your offer on the property is accepted you’ll need to get a licensed conveyor or a solicitor to deal with the legal and financial paperwork.

6. This is the step that can seem to go on forever, the survey and searches.You will also need to get it valued. Then you’ll be in a position to finalise your mortgage arrangements with your finance lender.

7. Who will property manage ? Once you’ve been handed the keys you’ll need to decide whether you are happy to manage the property yourself or if you want to hand it over to a letting agent.

8. The chances are that the house will need some work doing on it, so it’s best to get the workmen in there as soon as possible. You will find our buying to let profit calculator useful at this point.

9. If you’re planning to let the property furnished it makes long-term sense to invest in solid robust furniture (ideally carboot sales house clearances or local auctions are an ideal way of sourcing good solid furniture without putting costs through the roof).

10. Before your tenants take control of the property, do make sure that they are clear on the terms of your contract to avoid any later possible complications.

Continue reading Buying to let guide – UK Rental Property Management