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Mini individual savings accounts are also divided into the same three areas although only one of the investment areas may be held in each policy

Other factors may well be involved

A flexible mortgage linked to a current account

As a consequence it is important that the payments are maintained into the repayment vehicle otherwise it will not be possible to pay off the mortgage at the end of the term

See FAQs for more details

a 5 year discount with a 7 year ERC

The experienced agent is likely to be skilled in the art of negotiation and know what buttons to press

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

Insurers impose various get out clauses, so as with all insurance cover it is vital to check what is included (and excluded) in the cover

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

it may not appear on the mortgage Offer as Mortgage Indemnity Charge or High Percentage Lending Fee

Has it been re-plumbed or rewired? If so, ask to see any certifications or guarantees Look for cracks, uneven floors or doorways and any signs of water damage

This is a comprehensive report that provides information on construction and materials used as well as major and minor defects

It can be done, but much depends on the lender

Set your price range and when you would ideally wish to move

5 times a single salary and 2

Current Account Mortgage

Will your items be adequately insured during the move? Existing loan settlement figures If you already have a mortgage, do not assume that you have less owing than the amount originally borrowed

Insurance Lenders will insist that the property is adequately insured, with a suitable Buildings Insurance Policy, as it represents security against the mortgage debt

In either case, having prepared the ground an agent will notice that you have put some work into sorting a few thing out, thus take you seriously

Before the exchange of contracts, you will have to agree on a date for completion of purchase

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

Look out for fixed features in the garden such as greenhouse, garden sheds, birdbaths, statues etc

5% on a normal lending limit of 75% loan to value

Be aware that valuations are just that - they are not a full structural survey

There has been a previous price reduction on the property

Disadvantages: Unexpected increases in payments at term end

Are you tied into the variable mortgage rate and if so for how long? What redemption penalties will you incur if you were to pay off your mortgage early? Are any other fees involved? It is also generally worthwhile letting us talk to your existing lender to look at opportunities for obtaining better rates without moving the actual loan

In addition the lender has no way of tracking some of the more modern repayment vehicles, such as an ISA, which will result in some instances where a borrower lets an investment lapse forgetting or not realizing it is to be used to pay off the mortgage

The capital amount is to be repaid at the end of the period agreed

Disadvantages: Associated redemption penalties are restrictive

Those with FRICS, ARICS or Tech RICS after their name are members of the Royal Institution of Chartered Surveyor and are subject to the RICS formal complaints procedure if clients are unhappy with the work carried out