Silvertree Property News – Top Tips on how to IMPRESS the Bank when applying for a Bond

Silvertree Property News – Top Tips on how to IMPRESS the Bank when applying for a Bond

Courtesy of Sunday Times, July 31st, 2011

  • Look after your credit record & consider how it looks from the Bank’s perspective
  • Remember that long-standing debts are the worst to miss payments on
  • Deposits are here to stay in the medium term so prepare your ‘nest egg’
  • See what you can afford first and get pre-approved before you get emotionally attached to a property
  • Consider the associated (on) costs of buying or selling
  • Be an open communicator. If you hit problems with repayments “SPEAK TO YOUR BANK”, they will help you to restructure your debt. Otherwise you could damage or destroy your credit record.
  • If your credit record has been damaged, talk to a debt counsellor as they can help you to ‘get back on track’

Category : Property News

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