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SVR - Standard Variable Rate Standard Variable Rate (SVR) - All lenders have their own Standard Variable Rate, which is largely determined by the base interest rate set by the Bank of England. The Standard Variable Rate of interest may increase or decrease from time to time.

The cost of this is therefore to be taken into account when selecting a lender

Mortgage in principle A mortgage in principle is a conditional offer made by the mortgage lender to confirm that they will in principle give you the loan you have discussed, provided the information you have given is correct

A capped rate mortgage is very similar to a fixed except that if the variable rate drops below the capped rate, the borrower will make payments based on the lower variable rate

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

Each year the original capital sum will remain outstanding

This will contain a number of conditions and other requirements that your solicitor will discuss with you

The cover and cost does vary between lenders and you should check what their policy includes, and just as importantly, what it excludes

Most recent P60 Whilst the banks and building societies will all have different specific requirements these are usually required in all circumstances

Receive replies to questions raised and reports to you with the contract for signing

b) If you are able to afford the remedial work over a staged period after completion, then consult the lender or broker to discuss staged release payments

The period of borrowing is in excess of say 12 years

arrears, late payment, removing the lenders name from the Title Deeds at the end of the mortgage

Life assurance cover is not always necessary in taking out this type of mortgage