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Specific questions which may cover issues such as disputes with neighbours, alterations to the property, etc

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

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

Bridging Loan A bridging loan is a sum of money borrowed for a limited period of time to enable you to buy a new property before selling your old one. Interest rates charged tend to be higher than normal and a bridging loan shouldn’t be taken out lightly.

Stage 3 - completion On the completion date, the buyer obtains all rights to the property in return for the actual transfer of the funds covering the purchase price (less any deposit already paid)

Most recent mortgage statement or a redemption statement from your lender

This is the rate that they apply to all their borrowers before making adjustments for any special offers that may be available at the time and should be examined in every case before making the final decision regarding the choice of lender

Requests your deposit

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

Variable Rate Mortgages

Are you in a strong position? A professional estate agent will have gained information from you regarding your current position, status and seriousness of intent to buy

These may include 100% mortgages or a range of fixed or capped rate mortgages (see Mortgage Guide) unavailable to non-first time buyers

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

As a tip, note that in the UK you can only drive up to a 3 tonne vehicle before you need an HGV license

investment mortgage - cheapest loan uk