Including the purchase of a fireplace in your mortgage

CAN YOU INCLUDE THE PURCHASE OF A FIREPLACE IN YOUR MORTGAGE?

Owning a fireplace has many advantages: it looks good, it's useful and it's an excellent investment over time compared with a radiator. However, buying a fireplace can be expensive. If you are planning to apply for a mortgage to finance the purchase or construction of your future home, it would be wise to include the purchase of your fireplace in the amount of the loan. But you don't know how to go about it, and you don't know whether it's possible to include this purchase in your mortgage application? We'll give you some advice in this article.

Using a property broker to apply for a loan

It's perfectly possible to include the purchase of a fireplace in your mortgage application, but you should carry out a mortgage simulation before applying to check that you are eligible and that your income will allow you to repay the loan. Applying for a home loan is never easy, especially if you don't know much about the subject. It's not an easy area and can quickly lead to confusion if you don't have professional advice. The experts at papernest recommend using a property broker. But what exactly is a property broker? A broker is a financial expert who assists you with your mortgage application, acting as an intermediary between you and the bank. Thanks to them, you can find a loan at the best rate. There are different types of property broker:

Online brokers

Independent brokers

Commercial brokers.

Steps to take to obtain a finance certificate

Once you've found your property broker, you need to apply for a finance certificate. As the Papernest guide explains, this document is essential for the creation of your file and for your subsequent property purchase. The finance certificate proves that you are able to repay a loan and that you have the necessary resources to do so. The Papernest guide explains exactly how to obtain a finance certificate if you are in any doubt.

Our advice on including your chimney in your loan application

A property loan includes all loans for property purchases as well as construction. This means that any installation or construction can be included. This means that you can include the purchase of a fireplace in your mortgage, as it will need to be installed. That's why it's vital that you work with a property broker to make it easier for you to obtain a mortgage. The government also offers help under certain conditions. To find out more about mortgage loans, click here.