Sri Lankan Home Loans/Mortgages Buying My First Home: Financial Guide for Sri Lankan millennials

Buying My First Home: Financial Guide for Sri Lankan millennials

Buying your own home or apartment in Sri Lanka is an essential element of the dreams checklist for the majority of local millennials. You can be an undergraduate, employee of a private company or government sector, entrepreneur, digital marketer, and even self-employed. Irrespective of which life stage you are at, you will one day be …

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Buy to Let Mortgages Limited Company Buy to Let Mortgages

Limited Company Buy to Let Mortgages

Limited company Buy to Let mortgages can be defined as a mortgage taken through a limited company instead of personal names. So, the first thing you need to have is a limited company incorporated for buying and selling of real estate including letting purposes. This is not a huge deal. You can simply get the …

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Tracker Mortgages Tracker Mortgages need planning

Tracker Mortgages need planning

Tracker Mortgages are defined as deals provided by lenders with an interest rate portion higher or lower than the Nation’s Central bank’s Base rate. The base rate is the interest rate at which high street banks borrow money. The central bank determines the base rate and they update it every month. The base rate has …

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Help to Buy Mortgage Help to Buy Mortgage | It is never too late

Help to Buy Mortgage | It is never too late

Help to buy mortgage equity loans can be explained as government helping first-time buyers with funding the deposit. HTB Equity loan is usually 20% of the property value and the applicants only need to contribute a deposit of 5%. However, the current HTB Equity Loans are available to first-time buyers as well as homeowners planning …

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Buy to Let Mortgages Buy to Let Mortgage needs planning

Buy to Let Mortgage needs planning

Buy to Let mortgages are going to struggle in the mortgage industry background with COVID-19 developments. It is a challenging period for everyone. However, current buy to let mortgage holders and new potential landlords are going to struggle due to several reasons. Therefore, it might not be the best time to invest in buy to …

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Reasons for Mortgage Declines Reasons for Mortgage declines

Reasons for Mortgage declines

Reasons for mortgage declines can be classified into several main categories. You may or may not have had this experience with a lender or mortgage broker. Lenders consider credit profile, mortgage affordability, suitability of the subject property, age of retirement, proof of income, proof of address and so many other factors. A mortgage decline will …

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Expat Mortgages Expat Mortgages rise during the pandemic

Expat Mortgages rise during the pandemic

Expat mortgages are available for citizens who are working or living outside the home nation. Normal mortgages in the UK are only for UK citizens who are residing in the country and receiving their income in GBP. These lenders do not like it when applicants’ income is in a foreign currency. Therefore lenders have a …

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Mortgage Protection Insurance Mortgage Protection Insurance during pandemic

Mortgage Protection Insurance during pandemic

Mortgage protection insurance is an essential element for everyone who has a mortgage during the COVID- 19 pandemic. The main reason for this is the high level of uncertainty whole around the word with the risk of having wage-cuts, potential unemployment, critical illness, and reduction of income due to self-isolation. Therefore, having standard mortgage protection …

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Mortgage during pandemic Mortgage Valuations will not return in the flick of a switch

Mortgage Valuations will not return in the flick of a switch

Mortgage valuations are back in the market on top of government announcements regarding social distancing. Therefore, it is the best time to urge your mortgage provider to run a physical valuation by instructing a reliable surveyor. However, you might have to be aware of the fact that the physical mortgage valuations might take more time …

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Mortgage during pandemic How to Remortgage during COVID- 19 Pandemic

How to Remortgage during COVID- 19 Pandemic

The mortgage industry is going through a challenging period due to the current pandemic. Therefore, it is critical to identify key features in terms of dealing with remortgage applications. Mortgage Product Transfer If your current fixed deal is coming to an end and it is time for a remortgage, the perfect solution for you during …

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