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Possible diversion or closure of roads or footpaths

Will your furniture fit or will you need to redecorate as a result? Make note of any fixtures and fittings

The key thing is to talk with your lender

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

It acts as a form of insurance for the lender not the borrower

Stamp Duty becomes payable at the time of completion/taking entry and is normally made via a solicitor

Hence an applicant paying for a valuation and then not proceeding due to, say, a poor valuation, will not have their valuation fee refunded

If you had planned on having any new furniture or appliances, order them now and if possible withhold delivery until you know exactly when you are moving in.

Valuation Fee The amount charged to conduct a valuation of the property on behalf of the lender

APR may vary

The amount will vary from lender to lender and on the size of the mortgage

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

Buildings survey Also known as a structural survey

The agent will be more willing to hand you properties that he can sell quickly or that are in greater demand

The period an Early Redemption Charge applies can vary

Receives mortgage offer and deals with all the conditions on your behalf

Buy to Let Mortgages

A mortgage is a sum of money borrowed from a bank or building society in order to purchase a property

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

This information is likely to have been given to the seller and will form part of there judgement of your offer

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.