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An endowment policy is a commonly used investment product to repay the capital, although there are other alternatives

It is normal practice to specify in an offer exactly what moveables you want to ensure that these are included in the sale and that there is no room for miss interpretation

In most cases, it is simply not worth it

Current Account Mortgage

This is not an obligation to purchase the property

Let your lender know your intentions and ask under what circumstances may they be prepared to waver the redemption fee

The premium is usually charged when borrowing is in excess of the amount the lender considers they can safely lend and be assured of their money being returned if any future financial problems occur

Switching between provider can only be completed on an annual basis and penalties may be incurred

Interest only

A fixed rate mortgage is suitable if your mortgage repayments take up a large proportion of your income as it protects you from any sudden and unexpected rises in interest rates

Insurance It is essential to take out the proper insurance and it must commence upon exchange of contracts

A single payment is made to your lender each month covering both the interest charged on the loan as well as the repayment of the outstanding capital

Save £s on your buildings and home contents insurance

Choosing the correct survey Choosing the correct survey depends on the requirements of the lender and the property itself

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

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)

If a person has a County Court Judgement against them it will have to be satisfied before they can get a mortgage

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

A Self-Certification mortgage allows you to state your income without providing the usual documentary evidence providing that your mortgage falls within certain stated criteria

If it is going to happen then it is likely to occur between acceptance of your offer and exchange of contracts

We have a Support Team who can be contacted by telephone should you require any further assistance along the way

The amount available usually ranges from £3,000 to £50,000, although some lenders will consider lending up to £100,000

A seller may ask you to negotiate specific issues or accept your offer in full; In which case by Scottish Law you are fully committed to the purchase

Overtime and commission may be treated similarly

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

There is no reason why completion may not take place at the same time as exchange providing all the necessary conditions have been fulfilled

99% 2 year discount, no extended ties fee free remortgage

Bridging Loan A bridging loan is a sum of money borrowed for a limited period of time to enable you to buy a new property before selling your old one. Interest rates charged tend to be higher than normal and a bridging loan shouldn’t be taken out lightly.

29% 2 year fixed fee free, no extended ties

Further fees such as arrangement fees are also frequently experienced with this type of rate

On this subject see ‘No Redemption’ and ‘No Overhang’ below

Mortgage Indemnity Charge (sometimes referred to as a High Percentage Lending Fee) For high Loan to Value (LTV) mortgages i

The flexible mortgage concept was imported from Australia so occasionally you may hear them referred to as ‘Aussie style mortgages’

This is covered above