Wallace & Co. Solicitors and Notaries.

Q9: What is a Mortgage Guarantee Premium or Maximum Advance Fee?

A9: Lenders like to lend only about 70% of the value of the property you are buying. If they lend you more than this, they might not get all their money back if they had to sell your property. The lender takes out insurance against this risk and you have to pay the one-off premium which can be several hundred pounds.

Wallace & Co., Solicitors and Notaries. 11a Station Parade, Balham High Road, London, SW12 9AZ (entrance in Ravenstone Street).
Tel: 020 8675 6755. Fax: 020 8675 2001.
email:    Is available          

South london solicitors South london balham solisitor balham solicitors clapham wandsworth battersea streatham brixton putney tooting bec colliers wood vauxhall stockwell get new deeds 
new land certificate make a will living will power of attorney transfer of property safe storage deeds storage will storage county court civil case claim money Balham Battersea Wandsworth 
Wallis Bromley Wallace Phil Philip Streatham Wallace LLP Solicitors Notary notaries London South London South West SW