Home finance.
Everything you need to know about Pfida home finance
- Do you report on my credit file?
- How is rent calculated and reviewed?
- What is a Direct Debit Guarantee?
- Understanding our home finance waiting list times
- How is my Stamp Duty Land Tax (SDLT) calculated?
- Can I make overpayments?
- Should I add my spouse/partner to the finance agreement?
- Would you finance a leasehold property?
- Who is responsible for paying the solicitor fees?
- Do you finance new builds?
- Why don’t Pfida contribute to legal/ Solicitor fees?
- How do you assess affordability?
- What income can I use to purchase a home?
- Am I entitled to use my first-time buyer's Stamp Duty Land Tax (SDLT) relief?
- What is an equity buffer?
- How long do I have to find a property?
- What happens if I use all my equity buffer and still cannot afford to make my rent payment?
- How does the rental discount feature work?
- Who is financially responsible when there's an issue with the property?
- Can I arrange the property survey myself?
- What types of properties do you finance?
- Can I purchase a property with someone else?
- What is a monthly target payment?
- Am I liable for usual landlord costs or does Pfida contribute to these in line with our respective shares?
- I want to buy the council property I'm renting, can you finance me?
- Can I apply for buy-to-let finance if I already have a residential property with you?
- I want to change my monthly equity payment
- Who manages the renting process? Do I need to consult Pfida on who to rent the property out to?
- Can I refinance my Buy to Let home to Pfida?
- What is your minimum and maximum term for financing?
- Why do I have to pay the Survey and Valuation fees?
- What costs and fees should we expect to incur?
- Why are your fees more expensive than traditional mortgages/finance?
- Why can I not purchase the property in my name?
- What is the maximum I can pay towards my remaining balance each year?
- Can you please clarify the stamp duty element and why it is so high? (HPS/HPSS)
- Can I purchase additional equity each year in the form of a lump sum?
- Why do we both need separate solicitors (HPS)?
- Can I purchase a home through Pfida using an other home purchase schemes?
- What works can I carry out to the property once I move in?
- Do I have to pay the arrangement fee upfront?
- What would happen if the property fell into negative equity and property had to be sold ?
- I am not a UK national nor do I have permanent residency, Can you finance a home for me please?
- Can you advise me on inheritance tax?
- Does Pfida support or assist with the maintenance and repairs of the property?
- Am I required to have home insurance?