By fixing the interest for
a longer period of time, you now pay slightly more than the lowest interest
rate that is possible. On the other hand, with interest rate rises you will not
be bothered by rising monthly charges. Instead, you simply continue to pay the
same, providing security to the bank. Get the Fee
free mortgage advice London now for
the best results.
Include
renovation in the mortgage
Do you have the plan to
renovate the house immediately when you get the key to it? It is possible to
co-finance (part of) the renovation in the mortgage. As soon as you do a
renovation on the property that improves its quality, it is possible to use the
mortgage for this.
Do you want to
co-finance a renovation? Then make sure that you have a valuation carried out,
whereby you ask the valuer to take into account the renovation that you are
going to do. Banks are then often prepared to co-finance the renovation, based
on a higher expected value of the home. Of course it is important that you
actually realize the renovation, so that you get the higher value of the home
and you can use the financing for this.
Making
the house sustainable with a mortgage
There is also the
possibility to make your house more sustainable by, for example, installing
solar panels on your roof. This costs quite a lot, but in the end you save with
this. It is also possible to take out an additional mortgage for solar panels.
Mortgage for sustainability is a normal business today and many banks are
joining it.
Mortgage
advice: tips to increase
And are you looking for
more tips to increase the maximum mortgage? Then it is wise to make an
appointment with a mortgage adviser. He or she can take a good look at your
personal situation and check what is possible based on that. For example, by
comparing the different mortgage types and paying close attention to the
possibilities of freeing up extra money.
It has been known for
some time that it is difficult for starters to get a foothold in the housing
market. For example, there is a shortage of starter homes for sale and the
maximum loan amount is falling. How do you get that dream house as a starter?
Check
whether you are eligible for a starter loan
More than 200
municipalities in the UK offer a starter loan, which bridges the difference
between the price of the house and the mortgage. That way you can borrow just
that little bit extra that you need for your dream house. During the first
three years you do not pay any monthly fees for the start-up loan. On the website of the SVn you can see if your municipality offers a
starter loan.
Request
a tax-free donation
Maybe there is someone
in your family who wants to make a donation so that you can still pay for that
one house. If you are between 18 and 40 years old, you may receive a tax-free
donation of up to € 100,000. You must, however, use the donation within three
years to purchase a home.
