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If a redemption fee does apply, all is not lost

If you are mortgaging the purchase of your property then the lender will make it a condition that you take out their Mortgage Indemnity Insurance

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

Interest only

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

For more information see: Valuations and surveys Removal costs Removal costs vary according to whether your using a removal firm or doing-it-yourself

- Are school catchment areas, commuting or environment an issue? Contact a solicitor to access their quality of service

The Act contains strict regulations about how money is lent and covers unsecured loans up to £25,000

We recommend taking a look at homecheck

Irrespective of movements in the interest rate your monthly payments will not change

The earlier you contact them, the more sympathetic they are likely to be

Buy To Let Mortgages Buy To Let mortgages are taken out to buy a property for the sole purpose of letting as an investment. These are normally second mortgages. The rates charged on second mortgages tend to be about 0.5% to 1% higher than first-home mortgages, so it is likely that you will pay more for your loan on a Buy To Let Scheme. This is due to the nature of the loan, which is considered a higher risk for the lender. Lenders also tend to require larger deposits as most will lend only 75% of the property value though some may go as high as 85%. You are required to meet certain criteria, which vary from lender to lender, but fundamentally your application will be based on 1) Your income versus all existing loans. 2) The anticipated rental income covering a certain percentage of the loan interest payment. 3) Plus the normal credit checks etc.

Generally this cost is being phased out in the market but you may still encounter this premium for loans above 80% of the house value

One other factor on which there is a debate as to how it will be treated is the aspect of adverse credit details

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

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Written quotations are available on request

As soon as you have found a property that you wish to make an offer on, your solicitor will note interest for you

It is usually attributed to either the agent has been too pushy, the buyer has not put enough thought into what they really want or a professional timewaster is at work

Making an offer is one of the more stressful parts of buying a home

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

Generally these polices will be accepted as having the potential for greater and faster growth than the with profits but there is also the risk that they may not produce such a steady long-term return

The seller is legally required to answer these enquiries honestly! But do they? We believe not always

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

Get the first 3 months FREE on any premium

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

Possibility of losing out should interest rates fall below your agreed rate

Some inexperienced and less ethical agents are driven by working on commission or sales targets and may be inclined to try scare tactics or apply pressure for you to purchase

During the early years you will find the charges in certain policies will eat into the premiums and reduce the amount you are accumulating towards the repayment of your mortgage

Until the arrival of flexible mortgages most, if not all, UK lenders were charging interest on an annual basis which meant that borrowers making over-payments were not getting the benefit straight away because it could be a year before the capital was reduced by the over-payment