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Everybody knows that looking for accommodation in the UK can be an extraordinary difficult task. But it is still much more difficult for foreigners; especially if it is not just a room that they want to rent, but a complete flat just for them. Is this your case? Then you will have to take the following in account: PASSPORT AND PERSONAL DATA First, you will be required to show your passport and visa (the latter only if applicable), and you will be asked for some personal information, like how long you have been living in the country and what do you do for a living. EMPLOYMENT CONTRACT Like in many other places, in London it is impossible to hire an apartment without having an employment contract that guarantees that you are able to pay for the rent. In addition, they will usually require that your salary should be at least twice the rent. BANK ACCOUNT It is not a good idea to pay the rent in cash, as you may understand, so there is no choice but to have a bank account. But keep in mind that it has to be a British Bank account (it cannot be a foreign one), and you will have to make the monthly payments from that account. You will be also required to have enough funds to cover the expected initial payment, which normally means the first month and a deposit of one or two months in advance. Also don´t forget about the commission of any agency is involved! EMPLOYMENT AND BANK DOCUMENTS Other documents you will be asked to show are your last three pay-rolls and your last banking transactions. It could be the case that you have just arrived to the UK and have only opened your British bank account very recently, but that shouldn´t be a problem . However, you still might be asked to show the

Buying a house is one of the most cherished dreams, but can turn out into a nightmare unless you are aware of the real-estate and financial market trends. So, if you are in the middle of making this big decision, then you have probably done all the required research. Broadly speaking, buying a house involves two factors — the future prospects of asset appreciation and planning finances to buy the desired property. Assuming that you are done with the first part and have finally set your eyes on your dream house, it is more than likely that you are also worried about managing your finances. To make things easier for you, we have put together all the essentials that can help you realize your dream to the earliest. Pre-Documentation and Self-Assessment Before you get started with the application and documentation for your mortgage, you need to get a fair idea of where you stand when it comes to your credit ratings. This is exactly how you are going to come across to the Lender as most of them are likely to count on the credit ratings. To confirm where you stand, you can begin by subscribing to the services of 2-3 reputed credit rating agencies. Check if there is some negative information about you and fix that by sending over the necessary clarifications to that specific agency. This step is extremely essential and could help you get rid of some serious issues that could adversely affect the loan approval process. How to prepare for the big assessment? You should know that the prime concern of any financial institution that grants you mortgage is to assess your ability to repay that debt. So, the financial institution is likely to follow certain predefined norms to decide the extent of liability that an individual