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Other Charges There are a whole series of other fees that some lenders apply in certain circumstances e

Last but not lease a Structural or Building survey which are recommended for period homes or properties of unusual construction

Existing endowments can be used to support a new mortgage with any ‘additional lending’ over the value of the projected maturity balance being covered on a repayment basis or with an alternative repayment vehicle

Lenders offer insurance policies or payment protection schemes to protect you in the event of accident, illness, unemployment and death (subject to conditions), for which the charge is added to your monthly repayment

Negotiation with a lender is possible

Usually calculated on a daily basis and added to the loan either monthly, quarterly or annually

When viewing a property ask the question and try to establish a rapport with the seller

So as a rough ‘rule of thumb’ a capped rate is better to have than a fixed if all other factors are equal

Our Mortgage Calculator will allow you to see how much you can borrow and the cost of your monthly repayments

4% off for 1 year

An investor may only hold one of each Mini in any tax year

Compare mortgage rates to find your ideal mortgage, or see how much you could save by changing lenders and re-mortgaging

This means that a mortgage with, for example, a discount to 31st January 2006 will have a redemption charge to either the same date or a date prior to this

Most lenders and insurance companies offer a combined Buildings and Contents Policy

The lender may permit over-payments and lump sum payments, which allow you to clear the loan over a shorter term than that agreed at the outset

Again, if you have any concerns about this, your solicitor will be able to advise you

Listed below are examples of some of the best deals around

The above mortgage products may have other criteria which will require evaluation before deciding if the product is suitable for an individual

Outline Information is available free of charge, by entering a postcode

The agent will be more willing to hand you properties that he can sell quickly or that are in greater demand

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

Much maligned in the press because of the poorer investment growth rates achieved in a low inflationary environment this form of investment is less popular these days

Borrowers will normally have to build up a reserve through overpayments before being allowed to underpay or skip payments

The amount is usually measured in either pounds or months

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

This is more likely to occur within the first 3-5 years of the mortgage term and with discounted, deferred or fixed mortgages

Redemption fees If you already have a mortgage on your existing property then it is possible that a redemption fee may apply

Gazundering Gazundering is when the buyer refuses to go ahead with the sale unless the price is reduced. There is nothing the seller can do about this apart from negotiate on the price or lose the sale - and possibly the house they are in the process of purchasing. In such situations any estate agent worth their salt will do their best to negotiate on your behalf, or failing that, will attempt to find you a suitable new buyer with all possible haste. Fortunately, it is rare to come across gazundering but in a slow housing market it is more likely to occur as prices may be falling.

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

If for any reason your application is declined, may be able to direct your application to a provider who can help

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

a £47,500 mortgage on a purchase price / valuation of £50,000 would result in a £750 charge on a typical MIG charge of 7

Other factors may well be involved