Assumption
Assumption
When a buyer assumes the loan payments and obligations of the seller. If the buyer defaults, however, both the buyer and seller are responsible for the debt.
Latest News
-
Choosing a mortgage is a very important decision to make and it is important that you think carefully about repayment methods, interest rates and your needs in general before opting for a mortgage. Some lenders may have mortgages on offer that have unique features or deals attached to them but its important that you don’t [...]
Read more ... -
Gordon Brown has today announced that Stamp duty is to be suspended for a year, on properties that cost up to £175,000 in a bid to boost the ailing housing market.
The long-awaited freeze on the unpopular levy is to take place from Wednesday.
It forms part of an emergency rescue package for hard-pressed home buyers and [...]
Read more ...