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The market conditions are in your favour (see details above)

As a general rule, it is advisable to compare the APRs of different loans, as this is a good way to determine how competitive they are

The offer will have numerous conditions which are designed to ensure that you encounter no problems when you move into the property

Reductions or increases in the rate will result in a direct increase or decrease in the monthly payment to the lender

They are more expensive than the lenders valuation

We are experts in finding mortgages and loans for people with a problem, or poor credit history

Protecting the property itself against disaster and you in relation to the legal liability to the public are essential aspects to property ownership

The Early Redemption Charge can represent a significant sum although the amount will differ between lenders and between products

If the rate offered is a variable rate, it may rise or fall in line with any base rate changes during the term

When and how to talk to agents When to start taking to an agent about buying is entirely up to you

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

At the end of the fixed rate (or ‘benefit’) period the rate will normally convert to the lenders Standard Variable Rate (SVR)

In England and Wales a survey is normally made after the offer has been accept subject to contract

As the discount is linked to the standard variable rate, the borrowers payments will increase, if rates rise – so there is no certainty in budgeting

However it is possible to speed up the process by arranging a personal search

If you have no life assurance cover in place and die before the loan is repaid, the mortgage will still need to be repaid

Last but not lease a Structural or Building survey which are recommended for period homes or properties of unusual construction

These will be provided for in the initial agreement

Letting agents will on average charge 10% of the rental, or 15% if they are responsible for such things as repairs, complaints and other matters

County Court Judgements (CCJ) An adverse ruling by a County Court against a person who has not satisfied their debt payments with their creditors

FIXED CAPPED DISCOUNT VARIABLE Fixed Rate Mortgage

It is a basic inspection undertaken by a valuer on behalf of the lender for the purpose of determine whether a property is a sound investment on their behalf

Garage contents Items taken away from the home such as pedal cycles, jewellery, mobile phones etc Mortgage Indemnity Insurance Also known as Mortgage Indemnity Guarantee

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

For a borrower wanting one home for their finances this is an attractive option

Some sellers prefer to keep their property on the market until exchange of contracts so that if the transaction falls through, they have a back-up buyer

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

Gain an advantage view point of the roof - Does it bow or are there any tiles missing? Are there signs of any glass being recently replaced or damage to external doors? Possibly indicating signs of break-in

The rate will also provide a buffer against increases in the interest rates