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Showing posts from December, 2020

Can non-UK Citizen Get Mortgage?

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If you are a non-UK citizen and you want to buy your own home in the United Kingdom, there are many things you need to know. You may have heard about nonresident mortgages, which are offered by some UK lenders. There are different types of this type of mortgage for citizens of different countries, which are not residents of UK. This type of mortgage is for citizens of certain countries, who have either lived in the UK for less than 3 years or have come to live in the UK but wish to remain in their country of origin. Most of peoples do not know that   how to find rent to own homes ? Citizens of the European Union can be eligible for this mortgage scheme. There are no paper works involved and the processing time takes quite a short duration. You will need to provide some information regarding your employment and income to the lender in order to qualify under the scheme. This type of loan is also called the guaranteed loan and has similar features of the fixed mortgage. The only diffe...

Who is Eligible to Buy a House in the UK?

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It depends mainly on the person's status and financial position, the property in question being rented or owned by others as their home and the location. First, the person who holds the actual ownership of the property whether it is rented or not is the only one who is entitled to buy a house in the UK. Another person who is eligible to buy a house in the UK is the person who rents the same as the owner. Are you know  Can Foreigners Buy Property in the UK ? This can only be done if the property is used as a means for earning income such as rent or salary and not as a holiday home or investment property. Furthermore, a person who buys a house in the UK is also eligible to buy shares in the same property. In some cases, this means that one is also eligible to buy a house in the UK even if they do not own it outright. You can know   how much money do you need to buy a house   by a real estate agent. In addition to these factors, a person who is eligible to buy a house in the...