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Liaises with relevant parties and negotiates a date for completion

Bridging Loan A bridging loan is a sum of money borrowed for a limited period of time to enable you to buy a new property before selling your old one. Interest rates charged tend to be higher than normal and a bridging loan shouldn’t be taken out lightly.

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

This possibility alone was enough to dissuade many people from becoming private landlords in the past

This is an excellent option for the self employed

Therefore, a reputable agent will forward all offers to their client even if these are made after an offer has been accepted

Not only will an estate agent take you more seriously, but the seller will feel more comfortable and have more confidence that you are not time wasting

All lenders will have a set formula that they use to calculate the amount they will be willing to lend which is usually expressed as a multiple of your income

Try not to widen your search in too much

In return you usually agree to pay the variable rate charged by the bank or building society, for a specified term

Disadvantages: There are currently a relatively small number of lenders offering this type of mortgage at present

Variable Rate Mortgage

See below for a quick guide to secured loans

Has it been re-plumbed or rewired? If so, ask to see any certifications or guarantees Look for cracks, uneven floors or doorways and any signs of water damage

Once the ruling has taken place it will be recorded against the persons credit history and will appear every time a credit search is done for the next seven years

Using an ISA as a repayment vehicle is growing in popularity but due to the ISAs complexity it is only for the financially sophisticated or borrowers taking advice from a suitably qualified financial adviser

the mortgage has to be held for a number of years before the lender breaks into profit

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