Category: Mortgage

Recently bought a property at an auction and now need finance to secure the asset?

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A bridging loan is the perfect solution. To finance the purchase of your auction property, you will most likely need a normal mortgage or – more probably – a bridging loan. This is because of the tight timetable you’re working to. Get in touch with Veyo for more information. This section gives you advice and contacts about where to find the quickest finance. What is a bridging loan? A bridging loan is for those who want to complete a purchase of a property before the selling of an existing property. This is a short term solution to money – normally offered with a high interest rate. Bridging loans are typically aimed at landlords and property developers including all properties purchased Read More …

Taking out a mortgage

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A mortgage of land is a transaction by which a borrower of money (the mortgagor) gives security for the loan to his lender (the mortgagee). The mortgagee then has certain rights against the land (e.g. a power of sale), by means of which he may raise any sums that become due to him from the borrower. He is not therefore, restricted to a merely personal action against the borrower, although he does enjoy that right as well as his remedies against the land itself. Most mortgages are of a legal estate in land they are made by the freeholder or by a leaseholder. But a mortgage may be of an equitable interest in land. For example if land is settled Read More …