a holiday home

7 Benefits of Owning a Holiday Home

Buying a holiday home is a big decision to make and potential holiday home buyers are often unsure about whether to make the jump and make this large investment and life decision. There are many positive reasons, both financial and personal, for owning a holiday home which we explore below.

remortgage signing new contract

Is it time to remortgage?

As the year comes to an end, it’s a time for reflecting and planning for the year ahead. Homeowners may be considering their options with regards to their mortgages and thinking whether to remortgage. Remortgaging means paying off an existing home loan and acquiring a new one. What are the reasons for remortgaging? Maybe your existing arrangement is no longer suiting your needs or your financial situation has changed. When used carefully, remortgaging can be a valuable tool for bringing debt under control.

The word MORTGAGE written with scrabble like letters on a wooden surface

What is a Mortgage Agreement in Principle?

A Mortgage Agreement in Principle (AIP) is a statement from a lender saying that they’ll lend a certain amount to you before you’ve finalised the purchase of your home. An AIP shows sellers that you can afford the property you want to buy and helps them make the decision to accept your offer. It is also particularly helpful to property sellers if they are deciding between more than one offer and it can tip the scales in your favour if you are the buyer who has the AIP.

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Finding the right house at the right price

Finding the right house to purchase can take a lot of time and effort. There is often a long list of requirements a property needs to meet for it to be the right one and for some people, their decision may be based on a positive or negative feeling they get about a property. Often it is a combination of both. Once you have found the right house, you then need to secure it at the price you want to pay.

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