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Current Account Mortgage

Capped mortgage Capped mortgages have a limit to any increases in the variable rate, for a selected period of time

Generally, secured loans are much easier to obtain than unsecured loans

It may also indicate how genuine the sellers are

The initial pay rate would therefore be 3

the mortgage balance minus the positive balance held in the current account

Cashback Mortgages

Unfortunately not all estate agents are ethical in this area

However in the greater scheme of things it may prove worth paying as a more competitive insurance may be had elsewhere

This form of insurance is not compulsory

The amount borrowed is subject to an interest charge, which will be quoted as a percentage

Mortgage Intermediary A firm, organisation or individual, which helps you to choose a mortgage and introduces mortgage applications to lenders. Mortgage intermediaries are for example, mortgage brokers, estate agents, independent financial advisers, solicitors, accountants and life assurance companies. Their role is to search a range of lenders on your behalf for the best deal. Intermediaries usually receive a fee for arranging the mortgage

They deal with surveyors every day and should be able to recommend a good one

The freedom to make additional payments up to the annual limits

it may not appear on the mortgage Offer as Mortgage Indemnity Charge or High Percentage Lending Fee

4% off for 1 year

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

Replacing any damaged, lost or stolen items on a new for old basis

Possibly tied in to variable rate with same lender for various periods following the fixed rate term end

5% of the value of the property for your conveyancing

Typically as a first time buyer you may have less deposit at your disposal and may be seeking cheaper mortgage rates in the earlier years

Note, the fee is usually non-refundable

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