If you want to buy a property at auction, what do you need to do before the auction day?
How to prepare for buying a house at auction; surveys and information you should ask for.
If you’ve ever been caught up in a lengthy chain when you’ve been buying property and had to wait for months before the others were in position to move you may be attracted by the idea of buying a property in a day. But while the actual process of buying can be over in a matter of minutes, you have to invest some time in preparation before the auction day itself. When you buy at auction, the fall of the auctioneer's hammer means you've entered into a legal and binding contract.
Buying a leasehold flat; how to avoid the problems with high service charges or costly repair bills.
What to look for when you're buying a leasehold flat; how to avoid large repair or service charges.
Have you ever read a lease? If you haven’t, you’re not alone. Every year thousands of people buy leasehold flats without having much idea of what they’re letting themselves in for. In many parts of England and Wales, if you want to buy a flat, the only option is to buy one that’s leasehold. The lease is the legal contract you sign up to when you buy but many people don't see a copy of theirs until after they've bought the property.
RBS has been fined almost £15 million for failures in its mortgage sales
RBS has failed to deal with 30,000 mortgage sales properly between 2011 and March 2013
RBS bank has been fined. Again. This time it's for failing to sell mortgages properly. The regulator, the Financial Conduct Authority (FCA) checked how RBS was doing and found that only two of the 164 sales it checked were done properly. Two out of 164. That's about 1%. RBS has been fined almost £15 million and says it will contact 30,000 customers who may get compensation.