Blog about Loans

While you stay in UK it is easiest to live on rent as the property rates are very high. Being an NRI on working or employment purposes renting a flat has less hassles and is easy on your pocket. Home loans though available  UK NRIs falls to larger EMI (Equated Monthly Installments)amounts as the total home loan amount is very large. Also there is no point in committing yourself if you are just for work purposes in the UK and may later on think about settling down here. Living and purchasing property in UK is very costly affair and your purse strings have to be pulled too tight. As dollar rate is more in comparison with the Indian Rupee a home in the UK costs a fortune! If you are on a very good salary and highly qualified and do fulfill the criteria for selection and approval of home loans then you may consider many options for buying a home in the UK on loan. Otherwise ,especially in the beginning years of your stay in UK it is best to find a cozy place on rent. rents in the UK de...

Applying for your first home loan in UK being an NRI is a journey in itself. Owning the right home and in your budget is what every NRI who has shifted to the UK or USA wishes. To get the best deal in home buying and home loan at a reasonably lowest rate of interest is what every NRI borrower of home loan dreams of. Here is some simple advice for first time home loan borrowers staying in the UK or USA.  There are many online home loan calculators and may financial housing companies that have well organised websites for your to brush up. The first take on home loans would be to brush up the internet and see what options you have in terms of lenders and mortgage brokers. You will have to find out which financial loan lending companies are willing to offer home loans to NRIs and what prerequisite is required for the same. As we know that every broker will charge commissions but being an NRI and staying in the UK or USA , you may not be aware of all the rules and terms or home loans an...

UK NRIs staying and working in the UK who wish to keep their property from becoming a liability prefer to give their flats on rental basis. This not only helps them to keep their place in good condition but also generates revenue in terms of rent. As Mumbai is becoming the most sought after place and flats on rent are available in many areas at rents ranging from few thousands to more there are always people who wish to stay on rent. Staying in the UK and well settled if you wish to offer your house on rental basis the first thing you must consider is to hire a good financial property consultant. Why hiring a consultant is necessary when your relatives or friendly neighbor can guide you to customers who wish to live on rent? you will also save on the commission money and rental documents? Here is the important financial decision were you pay little and get more. Well by more I mean not more rent but peace of mind. You may get many people who wish to stay on rent but legal documents and...