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The level of taxation rises according to the property/land price

Why indexed linked? - As time goes by, the rebuild and repair costs of any property damage are likely to increase, thus if the sum insured does not rise in relation to these, you will end up being under insured

Suitability: An endowment policy is the most suitable option in a number of circumstances the most common being those identified below: You are a higher rate taxpayer and have utilised all your annual ISA allowance

Commonly these will be between 3 and 3

The process of registration is usually conducted via a solicitor

Title Deeds Title Deeds consist of a pack of legal documents, which a lender holds for the duration of the mortgage as security against the loan. The documents include who owns the legal title to the property and land, the results of solicitors’ searches and a map of the property with the legal boundaries defined.

Tracker Mortgage A Tracker Mortgage is linked to a benchmark interest rate, such as the Bank of England base rate. This is usually only for a set period of time. The rate you pay moves up and down in line with the benchmark selected. At the end of the set period, the Standard Variable Rate normally applies

Owing to the fact that pension plans have certain built in tax advantages they generally have the potential to achieve greater overall returns than an endowment policy might be expected to achieve

If significant defects are identified, the surveyor may suggest further investigation by an specialist

This means that all bank rates cuts are automatically passed on to the borrower

5 times a single salary and 2

It may be that administration charges, mortgage indemnity insurance, or building and contents insurance costs have been added to the amount you originally borrowed

The inspection is limited to comparing the price being paid against similar property in the area and checking the general condition and location of the property

The seller may or may not be entertaining any new viewings, but if you have viewed the property and decided to make an offer (albeit late in the day) at least the seller will be aware of it

In this case the lender agrees to release the amount withheld over a staged period of time after satisfactory completion and in most cases inspection of the remedial work

Your mortgage lender will insist on a property survey before approving your mortgage

Not only will an estate agent take you more seriously, but the seller will feel more comfortable and have more confidence that you are not time wasting

will need to be addressed during this period of pre-contract enquires

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