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When viewing we always suggest taking someone with you for a second opinion as well as your own safety

Flexible mortgage rates overcome this problem by allowing the borrower to make both over and underpayments into the account

The survey does not necessarily supply a property valuation, but it should highlight any defects that could end up costing a fortune to make good

The increased flexibility inherent within the repayment vehicle can lead to shortfalls in relation to the amounts required owing to withdrawals having been made

YOUR HOME IS AT RISK IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR OTHER LOANS SECURED ON IT

The purpose of the search is to discover if there are plans for nearby development that could potentially affect the property

In the past some lenders have made their insurance compulsory with some very competitive mortgage products although this is less common now

It is worth noting that the shorter you make the administrative process, the more organised you will need to be

An arrangement fee is typically charged on completion of the mortgage

The seasoned mover is likely to have learnt from past experiences to exactly that

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

APR may vary

The area of self-certification mortgages is a relatively new one which is proving popular due to the changing working environment

However it is not necessarily the case that two lending institutions that have the same multiples available will lend the same amount of money to the same person

The valuation does not represent a detailed inspection

This protects the lender in case you do not repay the loan and your home has to be repossessed

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

We also hold the details of loans designed specifically for applicants with a poor credit history, and we provide the facility to apply online for these through moneysupermarket

This search can take between four and six weeks although many councils process searches in two weeks

Advantages: Monthly payments can adapt to the level of monthly income you receive

Ask why the current owners are selling the property

After completion, the buyer must pay stamp duty (if applicable) and must be registered as new owner with the Land Registry together with the details of any mortgage lender

This may significantly increase the chances of your offer being accepted

ARLA - The The Association of Residential Letting Agents (ARLA) is a self-regulating body, which is solely concerned with lettings. In the event of unresolved disputes, the ARLA offers arbitration for landlords and tenants who use ARLA member firms. more info: http://www.arla.co.uk Arrangement Fee Sometime referred to as an Application Fee. The fee is an amount of moneylenders charge for arranging a mortgage. It may include administration costs and normally varies from one particular mortgage product to another.

An endowment policy is a commonly used investment product to repay the capital, although there are other alternatives

DISADVANTAGES There may be financial penalties for making lump sum/overpayments into your mortgage account

Commonly a lender will require a non-refundable up front booking fee to be paid on application to reserve the mortgage