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The moving in day is likely to be one of the most memorable days in connection with the property, so we hope our planner goes some way in making your move more pleasurable

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

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.

Interest may still accrue on the balance outstanding so the exact terms should always be verified with the lender

ISA The Individual Savings Account (ISA) is a tax free method of saving

This could end up saving you time and money

Gaining as much information about the reasons for the sale and the condition of the property will pay dividends later when making an offer

Are they in a chain? How quickly do they want to move? Ask if the agent has a sole agency agreement Having been satisfied with your initial enquiries, it is now time to book a viewing

Obtaining quotes for conveyancing is simple

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

All mortgage lenders require a survey, some more thorough and detailed than others

Conditional planning permissions granted

For peace of mind it may be appropriate to obtain a ‘Housebuyers Report’ or a ‘Full Structural Survey’

Each year the amount owed will decline

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