If you are SELLING your current home, you will probably be buying another property. Unless you are fortunate enough to be a cash purchaser, you will need a mortgage to complete the purchase of your new home. Similarly, if you are BUYING a home for the first time and not selling another property, the same will apply. Even if you do have sufficient cash to make your new purchase it may be more prudent to take out a mortgage and retain the cash for other uses. This observation is subject to the warning below ‘Your Home may be repossessed if you do not keep up repayments on your mortgage’.
Subject to status and subject to individual lender’s underwriter’s, approval Simon Ward Land and Property Specialists, through their adviser network, can provide access to simple, effective, and affordable solutions to your residential property funding requirements.