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The following planner will help focus on what needs be done and when

If you have a flexible mortgage, you may be able to vary the amount of the monthly repayment and you may be able to pay in or draw out lump sums

Garden Cover - While most buildings insurance provide cover for patios, paths and driveways

This is called a collar

This type of mortgage is often taken out in conjunction with other offers such as cashbacks

The opportunity to access the investment proportion of your mortgage in the event of financial difficulties

Another form of insurance common in the mortgage industry is a Mortgage Payment Protection Plan

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

This will result in situations where there is no method of paying off the mortgage and the lender will only become aware at the end of the mortgage term

Once your application has been submitted to us, either the service provider will send you an e-mail acknowledging your application

The solicitor will ask for your deposit and any outstanding charges to be in their hands normally 5/7 days before the date of entry

What other costs are involved in any remortgage scheme? What solicitors fees are incurred, valuation costs and set up fees? Once all this information is available you will be in a position to make an informed decision on how you might wish to proceed

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

Cashback The Lender, as an incentive, will offer a lump sum of cash once the mortgage has been taken out

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

In this, the seller agrees to a period during which they promise not to enter an agreement with anybody else

However should rates increase the payments will be ‘capped’ and will not rise over the capped rate

Providing all payments are made in full, at the end of the term, no capital will remain outstanding

Lenders may offer payment breaks or repayment holidays as part of their personal loan package and these allow you to take a break from your repayments at the beginning of the loan or at any agreed point during the term

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

Each lender will have a maximum percentage of the value that they will be willing to lend in each individual circumstances, this is more commonly known as the maximum loan to value (LTV)

1 week to go Pay all local milk/paper bills. Cancel any services, e.g. window cleaner, milkman, newspaper delivery. Return videos/library books/pick up dry-cleaning. Drain petrol/oil from any garden equipment. Prepare directions for removals company. Confirm final details with them and include contact/mobile numbers for you throughout the day. Make sure all the utilities at your new home will be fully functional for when you move in.

This is an excellent option for the self employed

Disadvantages: Generally rates for capped mortgages will be slightly higher than those of the fixed rate mortgages available, although this is largely led by market forces and has not been the case in recent years

The opportunity to take payment holidays without incurring large penalties

Ask about the reason for the sale

This is a comprehensive report that provides information on construction and materials used as well as major and minor defects

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

The main thing to do is your homework and seek specific advice relating to your circumstances from a qualified professional

Assuming that you have your financial preparations in place (a mortgage in principle)