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*Mortgage Terms & Conditions*
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Ije
Posts: 7 Forumite
Hi,
Does any one know what terms and conditions should be included in a mortgage contract /agreement for a property in England ?
Many thanks
Does any one know what terms and conditions should be included in a mortgage contract /agreement for a property in England ?
Many thanks
0
Comments
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Think you might need to provide a little more information....0
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Some context to why you're asking would help, but you can get a fair idea by looking at the examples available on lenders' websites.0
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All the terms and conditions that the mortgage provider wants.Ije said:Hi,
Does any one know what terms and conditions should be included in a mortgage contract /agreement for a property in England ?
Many thanks0 -
Hi,davidmcn said:Some context to why you're asking would help, but you can get a fair idea by looking at the examples available on lenders' websites.
I am close to my deposit goals as a first-time buyer. I am asking so I know what to expect in the contract before I would have to sign-just a heads up.
Many thanks0 -
I've looked around I can't find one that just has the basic prerequisites that ALL mortgages must have.0
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I'm not sure why you expect such a thing to exist. But there aren't really significant differences between the main lenders. Is there anything in particular you're concerned about?Ije said:I've looked around I can't find one that just has the basic prerequisites that ALL mortgages must have.1 -
I am just interested in the legalities so that I know what i am getting myself into as a potential single first time buyer.
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I've tried to look for a sample one but I can only find ones applicable to US residents.0
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Try not to overthink it. They lend you money. You have to pay it back (with interest). If you stop paying it back (after a certain period of time) they can take the house back and sell it to recover what they are owed (and you get whats left, if anything is left). You also will have to ensure the house is insured.Ije said:I am just interested in the legalities so that I know what i am getting myself into as a potential single first time buyer.4
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