Mortgages are long term loans that you take out when buying a property. And when we say "long term", we mean it. You might be paying off your mortgage for up to 35 years!!
Notice the word's similarity to depressing things like "mortuary", "mortal" and so on?
Well, we got the word "Mortgage" from Old French "morgage", which literally meant "dead pledge". (Mort = dead, gage = pledge).
So yes, you really should expect to be paying your mortgage off for most of your life! (So make sure you know what you're getting into!)
Most of us know what a mortgage is, but what about a "Mortgage In Principle"? If you're not familiar then this quick explainer will help.
Preparing your house for a property survey doesn’t have to be hard work. Follow these effective tips to woo that surveyor.
Your home is far and away the largest purchase, or sale, you will ever make so make sure you choose the correct home survey.
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By buying your home from you at a discount to its full value, we're able to give you:
But this means you will receive less than if you were to sell your home in a traditional sale.
