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Vernon Said:

how much is the usual interest on home mortgage in UK? pls explain?

We Answered:

i just got a fixed rate mortgage at 5.59%. so expect something similar. that means for two years the rate will not change but after that it will go up quite a lot depending on the changes in the bank of england base rate. at this point i will probably try to remortgage to another fixed rate.

Salvador Said:

how should we get home mortgage when we have 4 years valid visa to live in uk? and what do we need to have?

We Answered:

I thought, depending on your country of origin that you could apply for a permanent visa after 4 years.

I should not worry too much about the mortgage, concentrate on your visa options. When you are more sure of your position as a resident then you can think about a morgage. In the mean time. save like a loony and get a decent deposit sorted. In 4 years time who knows what the house prices will be like.

Karen Said:

How much is the mortgage for homes in uk?

We Answered:

Mortgage rates vary, by the hour or even minute anywhere in the World. Rates are determined by the property, the buyers credit worthiness, and the laws of the land. To find out what a mortgage will cost you, go on the internet and find a lender in the Country in which you want to borrow money, Each country has it's own laws as to who is allowed to lend in that country, many American companies, have branches in the UK, and can lend to any qualified person on property in that country.
The current rates here in Augusta Ga are different from the current rates in Atlanta Ga and the Uk will have different rates for different parts of the Uk still depending on your credit rating and the location of the property.

Cheryl Said:

Capital Gains Tax on 2nd home - uk only answers please?

We Answered:

Yes, if you sell the house that has been your only or main residence throughout the period of owndership, then there is no CGT to pay.
If you moved in to your second home, CGT would be payable if you ever sold it, based on the gain for the period from when you bought it to when you moved into it. If you died whilst in residence, there would be no CGT (death is not a chargeable event).
There would, of course be IHT payable by your executors if your entire estate went over the IHT limit (currently £300k).
I wish people wouldnt answer questions if they are only guessing!

Mark Said:

I live in NY and own a home with my husband. He is from England. We need to purchase a second home in the UK?

We Answered:

With very great difficulty. A US lender will not provide a mortgage for a property in another country. You will need to get a mortgage in the UK but this will be next to impossible if neither of you have a job over there. Your only option is probably to talk to a private bank, if you are wealthy enough.

Frederick Said:

Why are people in the UK so obsessed with mortgages?

We Answered:

Maybe it might be the lack of council housing due to them selling them off.

The U.K. has sold it's people or should I say the people's assits off to the rich , at the same time as making them pay for doing it.

Irene Said:

Home abroad mortgage here in uk?

We Answered:

It depends where you are buying and it will also depend whether you are buying off plan or if you are buying an already built property! you will not be able to get a mortgage for an offplan property as you the transfer of title deeds will not take place until the place is built! Good Luck!