Finding the Most Suitable House to Buy for Your Family

Buying a house for your family is indeed a dream come true. Reaching this stage in your life will surely make you feel happy and proud. To know that all your hard work has paid off and that you are able to provide for your family is just surreal. Thus, you need to ensure that everything is carefully planned. In this article, we will share some guidelines to ensure that everything will go smoothly in buying your very first home. Know your budget and limitations  It is very important to…

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Loan insurance compensation deadline on the way in the UK

home house mortgage loan insurance

British regulators are currently working on setting the date by which consumers must be paid. At the end of last week, British regulators announced that they would likely be starting to work on setting a deadline by which insurers would be required to compensate consumers who were improperly sold loan insurance products. It is expected that the refunds from this process will be costing the banking industry billions of dollars. The Financial Conduct Authority, which is the agency responsible for the oversight of the financial industry in Great Britain, has…

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Can personal property be included in the Purchase Agreement?

Underwriters are always blamed for being picky but when they see personal property listed on the first page of a Purchase Agreement, they get super crabby.  The underwriter will claim that that the loan will not be insured if there is personal property included in the sale. Here is an example:  The agreed upon Purchase Price of a home is $200,000.  In that $200,000 agreement, the Seller has included an outdoor play set in the backyard. The Play set is not considered “real property” but is considered “chattel” which is…

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