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The term was developed to reflect a United Kingdom (UK) regulatory position and has a specific UK meaning, although it has been adopted in other parts of the world, such as Hong Kong. The term "independent financial adviser" was coined to describe the advisers working independently for their clients rather than representing an insurance company ...
The nature and scope of a mortgage broker's activities vary with jurisdiction. For example, anyone offering mortgage brokerage in the United Kingdom is offering a regulated financial activity; the broker is responsible for ensuring the advice is appropriate for the borrowers' circumstances and is held financially liable if the advice is later shown to be defective.
With the passage of time the mortgage by demise has become almost completely obsolete, [12] and today almost all mortgages of land in England and Wales are by way of statutory charge. Mortgages have also existed in relation to personal property (as opposed to land) for a considerable period of time, although for much of English legal history ...
In addition, they charge administration and service fees (about 1.5 per cent of the loan amount). However, in the United States, the average interest rates for fixed-rate mortgages in the housing market started in the tens and twenties in the 1980s and have (as of 2004) reached about 6 per cent per annum.
The high commissioner of the United Kingdom to the Republic of Singapore is the United Kingdom's foremost diplomatic representative in Singapore.. Singapore, previously a British colony, became an internally self-governing state in 1959 and George Douglas-Hamilton, 10th Earl of Selkirk, was appointed commissioner (not high commissioner) for Singapore and South East Asia.
Valuation fee, which pays for a chartered surveyor to visit the property and ensure it is worth enough to cover the mortgage amount. Higher lending charge (HLC) – a fee levied by lenders in respect of mortgages exceeding a pre-defined loan-to-value (LTV) percentage threshold. Until the 1990s these were typically levied on all mortgages with ...
Shop around and compare rates from different lenders to find the best 15-year loan offers. When mortgage rates decline, more homeowners look to refinance , sometimes to 15-year loans.
This is to have all of the legal documents surrounding this transaction notarized. When closing inside the title company office, there is usually no charge for this. 1107 - Attorney Fees; Any legal charges associated with clearing the title to the property. 1108 - Title Insurance; This is the cost of insuring the title of the property.