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Poor Credit history can include County Court Judgements(CCJ), Bankruptcy, Mortgage arrears or any late payments on credit arrangements

There has been a previous price reduction on the property

Check this out with your solicitor or lender

First Time Home Buyers Buying your first home can be a daunting proposition

If you have no life assurance cover in place and die before the loan is repaid, the mortgage will still need to be repaid

Solicitors require at least 7-10 days to release the necessary funds

Disadvantages: As mentioned above, any change in bank rates will be directly reflected in the monthly mortgage repayment so this type of mortgage provides no protection against any upward movement in interest rates (in contrast to fixed rate mortgages for example)

FLEXIBLE / LIFESTYLE MORTGAGES CURRENT ACCOUNT MORTGAGE (CAM) CASHBACK FREE LEGALS OR CONTRIBUTION TOWARDS CONVEYANCING COSTS FREE VALUATION OR REFUND OF VALUATION FEE OTHER BENEFITS Flexible / Lifestyle Mortgages A Flexible or ‘lifestyle’ mortgage is designed to let you to make extra repayments when you have extra money, and to reduce or even skip payments when necessary

They are also generally linked to variable rates and so reductions in your mortgage payments in the early years may not be possible with this type of product

However, most vendors are reluctant to take the hit on the full amount

How long does your present fixed, discounted or capped rate last for

At the very least a mobile phone

You can also seek advice from a voluntary organisation such as The Citizens Advice Bureau

Endowments provide life assurance so that in the event of death the mortgage is paid off

£200 to a percentage of the loan e

Suitability: A variable rate mortgage is the most suitable option in a limited number of circumstances the most common being those identified below: Individuals borrowing money over the very short term anticipating repaying the loan early and not wishing to incur redemption penalties on all or part of the loan

the mortgage balance minus the positive balance held in the current account

Homebuyers survey This is the most popular form of survey and is intended for use on conventional types of property

Legal Fees It is necessary to have a solicitor or licensed conveyancer to act on behalf of the mortgage applicant and the lender in the house purchase or remortgage transaction

Hence an applicant paying for a valuation and then not proceeding due to, say, a poor valuation, will not have their valuation fee refunded

Separate life cover will be needed to repay the mortgage if you die especially if you have any dependants

This may include: Accidental building damage, for example spilling paint down a wall or on your patio

5% on a normal lending limit of 75% loan to value

Homeowners with older mortgages only have to wait eight weeks to get half of their interest paid, and after 16 weeks they get it all paid

A buildings policy covers against storm damage, fire, flooding etc and relates to the fabric of the house or flat etc

The following planner will help focus on what needs be done and when