UK concerned with Scotland’s higher mobile phone bills

Roaming rates should not be the only concern for the average Scot, but also products such as mortgage loans.

07:42 04 July 2013

One of the latest UK objections to the idea of Scottish independence is that mobile phone bills may be higher and the postal service may suffer. While that may be the case for some people in Scotland, there are probably financial concerns, which are of more importance to the average citizen.

Mortgage loans, for example, might remain the same or they could be affected by the change. There are so many factors that it is impossible to say with certainty what the outcome would be for sizable purchases like mortgage loans. Here are a few ideas to help you make the most of circumstances when searching for a home.

• Calculate initial payment—when you receive approvals for mortgage loans, you may be given a certain amount that you are allowed to borrow but if you are able to come up with a sizable initial payment you can reduce the amount you pay per month.

 

• Compare loans—interest can siphon thousands of pounds out of your pocketbook over the life of mortgage loans. Doing some careful comparisons between loans before you sign on the line can severely cut down the extra you will spend for your home.

 

• Internet—do not forget to search online for mortgage loans. Many people prefer to have a physical bank to interact with, but there may be legitimate banking entities that can offer loans at reduced rates because they are not paying for multiple banking branches.

 

• Negotiating—if there are not enough housing options for home shoppers you may not be able to realistically negotiate a lower price so make sure that whatever home you consider is within mortgage loans limits, and if possible try to find a good value home at a good price.

 

• Testing—when purchasing homes you probably will not be able to use any part of your mortgage loans to fund tests such as radiation tests or inspections, so have enough for those.