Welcome to this week’s episode of The Property Pod, today I am joined by Joanne and Andrew from Suffolk Building Society and we discuss financial elements of transfer of ownership and getting a mortgage as a sole buyer.
So tell me a bit about Suffolk Building Society. 0:25 seconds
Why might someone need a transfer of ownership? 0:53 seconds
What are the financial pros and cons of a transfer of ownership? 1:13 seconds
What are the tax implications? 1 minute, 48 seconds
How can you transfer property ownership from joint to single? 2 minutes, 11 seconds
Do you have any tips on saving for a house deposit as a sole buyer? 2 minutes, 43 seconds
What size deposit do you need as a sole buyer? 4 minutes, 10 seconds
How much can you borrow as a sole buyer? 4 minutes, 48 seconds
What are your top tips on getting a mortgage as a sole buyer? 5 minutes, 52 seconds
Do you need to get a completely new mortgage or just consent from the lender to remove the other person from the current mortgage? 6 minutes, 25 seconds
How would I apply for a mortgage as a sole buyer? 7 minutes, 10 seconds
What difference does it make if you’re self-employed and a sole buyer? 7 minutes, 55 seconds
We hope you have enjoyed the episode, please subscribe and share on social media and we’ll see you next week!