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