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It is vital therefore that you discuss this complex area with an adviser as in many circumstances a more competitive rate may be available form a lender who will be more sympathetic to your particular circumstances

The amount available usually ranges from £3,000 to £50,000, although some lenders will consider lending up to £100,000

In certain instances the valuation figure returned by the surveyor may not equal the purchase price

It should be noted that individual savings accounts are relatively new products and as with any piece of new legislation there is always some degree of uncertainty over its long term future

This is referred to as a ‘redemption overhang’

The borrower remains liable for any shortfall on the mortgage hence the outstanding balance will need to be paid off from other resources

TYPES OF MORTGAGE There are essentially two different types of mortgage: Repayment only, (capital and interest mortgage) Interest only, (ISA, pension or endowment mortgage) Repayment only

Local authority searches Personal Searches Dependent on the local authority, searches can take up to six weeks

Some sites are also offering information about local schools, crime rates, and average property prices

Disadvantages: Unexpected increases in payments at term end

Valuation Fee The amount charged to conduct a valuation of the property on behalf of the lender

Frequently they can be added to the mortgage hence the fee does not become an ‘out of pocket’ expense

Buyers Market

DISADVANTAGES If the proceeds of the repayment vehicle do not achieve the amount expected, then there will be a shortfall

Making an offer is one of the more stressful parts of buying a home

You may also speak to the seller directly

There is no reason, as far as legal procedures are concerned, why this cannot be quicker

It may be that administration charges, mortgage indemnity insurance, or building and contents insurance costs have been added to the amount you originally borrowed

YOU CAN APPLY FOR A LOAN WITHOUT LEAVING THIS SITE! the facility to apply online for your personal loan

You believe that the investment market over the period of your mortgage is likely to generate a cash surplus over and above that required to repay the mortgage

Some plans are tax-efficient