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NewsThorough documentation 'can help mortgage holders avoid risks'
Thorough documentation 'can help mortgage holders avoid risks'
Posted by Emily Jones
Those in the process of buying a home might want to keep abreast of the range of documentation available on their purchase.
Mary Graham, regional manager for the Consumer Financial Education Body, outlined some of the important bits of information that homeowners might want to remember.
She said: "The first thing we recommend is to fish out their key facts document – whether it is fixed or tracker – and see what rate they are currently paying."
Ms Graham added that this piece of information is often filed away and ignored, which may be a mistake.
Elsewhere, anyone looking to get a solicitor's advice on property matters might be interested by news of the apparent scarcity of stock in central London.
CB Richard Ellis has reported that availability of real estate in this part of the capital has dropped by 0.5 million sq ft to 15.9 million sq ft.
This is the equivalent of an availability rate of 7.2 per cent.
09/07/2010 15:46
News category: Property