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Self Certification Mortgages

Suitability: A capped rate mortgage is the most suitable option in a number of circumstances the most common being those identified below: Individuals wanting more flexibility in terms of rate decreases than fixed rates but still wishing to limit the amount of their maximum monthly payments

Other Benefits A whole range of other benefits can be applied to mortgages including the significant benefits of no Mortgage Indemnity Charge and no Early Redemption Charge

If you, your solicitor and your lender are happy with the survey then your solicitor can make a formal offer

The current options available to you in conjunction with interest only mortgages include endowment, pension or an Individual Savings Account (ISA) Advantages: There are a variety of investment vehicles available to use to repay interest only mortgages, some offering tax advantages

TIP: Buyers should make note that they are responsible for the insurance of the property on exchange of contracts, not when you move in

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

Often mistakenly called an endowment mortgage, interest only mortgages are loans where the lender agrees to charge purely interest throughout the term of the mortgage

Under the terms of The Mortgage Code of Practice the lender will, before a mortgage applicant takes a mortgage, provide a tariff covering the repayment of the mortgage, including charges and additional interest costs payable in the vent of arrears and will advise of any other charges for services before or when the service is provided

Buy to Let Mortgages

When registering, be aware that you a likely to receive information on other services or products

Ask the seller or agent when the previous buyer pulled out and if recent, ask your conveyancer whether it is advisable to purchase the previous searches

For more information see: Valuations and surveys Removal costs Removal costs vary according to whether your using a removal firm or doing-it-yourself

This tends to be between £25 - £50 and may be avoided if enough objections were made

The amount borrowed is repaid monthly over a term agreed at the outset, which will usually range between three years and twenty five years

These are often referred to as credit scoring facilities

Flexible Mortgages

Obtains the title deeds, which are normally held by the building society and asks you to fill in a detailed questionnaire

This may cover issues such as disputes with neighbours