Chorlton T. 0161 882 2233
Didsbury T. 0161 448 0622
Withington T. 0161 445 9700
Print this newsletter

Hot Properties - April week 5


A mortgage is usually the biggest debt that people face during their lives. Now the rules governing who can secure a home loan are tightening. The new system, which came into force fully on the 26th April, ensures that lenders conduct a full affordability check on mortgage applicants.

This will have practical implications for the amount people can borrow and the length of time that an application might take.

The aim is to prevent any return of the pre-crisis mortgage lending that many described as "reckless".

They say that lenders are likely to ask for a number of documents that prove income and outgoings figures, such as payslips and bank statements. They say it is important to send all these documents together in one go when they are requested, otherwise the process could be delayed further.

Some also suggest "cleaning up" a household budget. So cancelling an unused gym subscription could be a good idea before making a mortgage application.

As always, if you would like to chat about anything property related please give my team a call at the Chorlton office on 0161 882 2233.

Kind regards


Edward Ellis MNAEA
JP & BRIMELOW
Chorlton


SALES JOB - Chorlton Office

3 bedroom semi-detached for sale - £335,000 (Offers in the region of)

4 bedroom semi-detached for sale - £350,000 (Offers in the region of)

4 bedroom terraced for sale - £415,000 (Offers in the region of)

3 bedroom semi-detached for sale - £385,000

5 bedroom terraced for sale - £330,000 (Offers in the region of)

7 bedroom semi-detached for sale - £695,000 (Offers in the region of)

Overseas property - Portugal

Other Newsletters:
Categories:

Categories