Whatever your quandary, Abbey’s head of mortgages, Nici Audhlam-Gardiner, and David Hollingworth from independent broker, L&C Mortgages will be joining us on Tuesday 6th October to answer your questions in a live webchat.Submit a question now and come back to join us at 1pm on 6th October.
Three Steps to Financing a Self BuildTo finance your self build project, you need to make sure that you understand the differences between borrowing for a ready built home and borrowing to build.
In a climate of increasing gloom about the long term prospects for the economy in general, and the housing market in particular, there is another element to factor into the equation.
Against a backdrop of increasing life expectancy and poorly performing investments and pension schemes, equity release plans can appear the ideal solution to the problem of financing those potentially long retirement years. They offer older homeowners (usually aged 55+, but requirements vary) a tax-free lump sum or a regular income (or both, in some cases) by enabling them to unlock some of the value of their property - often their greatest asset - without having to downsize.
Make sure you understand what kind of mortgage you are taking out and what the contract ties you into...
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