Cheshire Mortgage Guide

Mortgage Indemnity Guarantees

Whilst in some circumstances lenders will be prepared to advance 100% of the price of your property, they often put a lower limit on the mortgage they will give you.

Typically if the mortgage you require is more than 80% of the value of the property you are buying, lenders may require you to pay an additional fee due to the higher risk. The lender will often use this to buy a mortgage guarantee policy.

This protects the lender should it repossess the property and sell this for less than the outstanding mortgage.

Your home is at risk if you do not keep up your mortgage repayments or any loan secured on it.

Selecting the right estate agent to sell your home can make all the difference between selling your home quickly at the right price and having your home sit on the market for months.

With so much at stake, you should know how to select the right estate agent and what services to expect from them.

So take a few minutes and explore these topics in a little more detail.