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Blind Bids This is only applicable to buyers in Scotland. If there is more than one party showing and interest in a property then each party will put in a sealed bid before a specified closing date. Often the bid is over the asking price and made only after thorough research and inspection into the value and condition of the property. (Consultation with a professional is always advised) By law the seller is under no obligation to accept any of the offers made, but usually accepts the highest bid. If for any reason the seller wishes to decline all of the offers made, perhaps due to low bid prices, then they can reject the offers and start anew.

It is probably more suited to you if you do not mind this uncertainty and your budget can absorb an increase in interest rates or if you think rates will go down during the discounted period

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

Being hit by an unexpected redemption fee can put a serious dent into your finances

Some short term discount products offer a ‘deep discount’ e

This may be due to a number of factors, but mainly occurs due to the condition of the property

It simply informs the seller of your interest

Mortgage lenders are pretty strict on what kind of survey they require and who completes the survey

Know which location/s you prefer

These bonuses termed either annual or reversionary cannot be taken away

Some plans are tax-efficient

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

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

Individuals looking to repay their mortgages quicker than their basic income would indicate as, possibly the result of expected bonus payments and or share options

Exposure to interest rates

Not many of us are likely to do it, but it can give you a good idea of what your possible future neighbours may be like

Take note of the neighbours - Do they have overlooking views? Do they have pets, or caravans that may end up being a nuisance? Accept a tour by the owner or agent

At Just we can complete a full analysis of the market using the most up to date information available

There are many reasons why a seller may want a quick sale

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

Stage 3 - exchange of contracts A sale or purchase of property in England and Wales only becomes legally binding once the contracts have been exchanged

If you want to continue, find out if the previous buyer had completed the searches or any survey

A number of these flexible mortgages may also offer the ability to operate your mortgage account as a bank account with the option to make withdrawals in certain circumstances

If the plan is not reaching its expected target, the borrower can increase payments into the policy or invest in another product to cover any anticipated shortfall

No further funds can now be put into Personal Equity Plans

Fortunately there are a number of mortgage deals promoted by lenders aimed specifically at first time buyers

It may be that there is more or less demand on a certain type of property or particular estates/areas

There is also the potential to receive a tax-free lump sum once the capital amount owing has been repaid, or to reduce the term of the mortgage if the target amount is achieved early

The definition of income may also change from one mortgage provider to the next

Larger borrowings

A good site will ask if you want to receive them or not