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Variable rate mortgages Most lenders have a set rate of interest known as the standard variable rate which they adjust as the Bank of England increases or lowers interest rates

We are completely independent and have access to every lender and product on the market

Poor Credit & Loan Advice

Stamp Duty becomes payable at the time of completion/taking entry and is normally made via a solicitor

For example, the variable rate may be 5% with a discount of 1

Any changes in the Bank of England base rate will be directly reflected in the monthly mortgage payments

Your solicitor will also be checking the exact description of the property and any title burdens

Contents Insurance Home contents insurance protects your possessions against loss, damage and theft

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

When viewing a property ask the question and try to establish a rapport with the seller

The surveyor will not inspect inaccessible parts of the property or areas which are not already exposed

Nonetheless millions of borrowers have one or more endowment policy and as a rule of thumb these should not be cashed-in early and certainly not before seeking advice from a suitably qualified financial adviser

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

Listed below are examples of some of the best deals around

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

The first of these relates to the current market value of the property to which the mortgage relates

This can be an indication of overpricing, adverse surveys or valuations and point to future difficulties in selling

Plus the number of rooms in your existing home

a 5 year discount with a 7 year ERC

The lender may permit over-payments and lump sum payments, which allow you to clear the loan over a shorter term than that agreed at the outset

Dealing with adverse valuations Adverse valuations occur in certain instances where the valuation figure is lower than purchase price of the property

Flexible mortgage A flexible mortgage may enable the borrower to pay off all or part of their mortgage without paying a penalty

All formal letters and missives go to create the contract

Considering the current market conditions Excluding the property itself, the current condition of the national market is a significant factor in the process of negotiation

These are more detailed than a lender valuation but they produced on behalf of the applicant

They are also useful for larger amounts or where the applicant requires a longer repayment period

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

12 weeks to go Try starting a notebook to record details

Not all buyers pull out as a result of the condition of property itself, but it is worth noting that further enquiries should be made as to the reasons for a previous buyer pulling out

If you are not happy with the answer, investigate further or walk away

There are many different types of mortgages and there will be one out there that best suits you

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