4 entries found with tag mortgage.

Home Information Packs

From today, every property in England and Wales with four or more bedrooms must include a Home Information Pack when it is put up for sale. (The link points to an example template.) Included are documents such as a sale statement and Energy Performance Certificate.

There must be some conflict-of-interest issues in getting sellers to provide honest HIPs. Is this unnecessary and costly bureaucracy? Time will tell, especially as smaller homes will need HIPs in due course. Personally, I think buyers would be wise to gather their own information about a prospective new home before taking on that mortgage!

Tags: home, mortgage

ID fraud

There's a good article on the BBC website today about how ID thieves have moved on from just raiding your rubbish to find personal info (and apply for a mortgage or credit card) to finding your digital ID online. One of the services it links to is Garlik (which has a free trial) and is supposed to be able to find any places where your private data is listed publicly.

Related: ID fraud, Garlik, mortgage

Economics with Dave

I have an unoriginal theory - there's going to be a housing crash pretty soon. It makes sense. If you imagine homes in England to be like loaves of bread at the supermarket, when all the cheap bread's gone, everyone who can afford it is forced to buy the expensive stuff. Those who can't wait for a new supply to come in. Then if the new supply is inadequate there has to be a price drop.

Look's to me like all the cheap bread's gone!