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Index Linked Buildings Insurance This type of insurance covers the main structure of your home (not the contents) and is required to protect you against the cost of rebuilding your home in the event of fire, flood or similar disaster

Advantages: Knowing the maximum monthly cost of your loan for a set period, allowing security within your budgeting

A valuation of the property is supplied based on the approximate market value of the property

Stage 2 - Assessment of draft contracts This is the point at where both parties solicitors negotiate the deposit payable on exchange of contracts, the time between exchange and completion and any allowance by the seller to let the buyer have access to the property ahead of time

This is widely accepted as the most straightforward of the mortgage options

Check for built-in appliances

Check this out with your solicitor or lender

Payment holidays are permitted

You do not mind taking some degree of financial risk

If the rate offered is a variable rate, it may rise or fall in line with any base rate changes during the term

Advantages: The only option with a 100% guarantee that the loan will be repaid in full at the end of the term

In such circumstances the borrower will be facing a significant increase in their monthly mortgage payment at the end of the discount benefit period

There are a number of limitations to the standard types of mortgages available if your income is erratic, for example if you are self employed or perhaps working on short term contracts

This form of insurance has become more important as the Department of Social Security has steadily withdrawn the benefits available

Normally a lender will ask you to establish a repayment vehicle for the loan at the outset although this is not always the case

Each lender will have a maximum percentage of the value that they will be willing to lend in each individual circumstances, this is more commonly known as the maximum loan to value (LTV)

Buildings survey Also known as a structural survey

The amount borrowed is repaid monthly over a term agreed at the outset, which will usually range between three years and twenty five years

Most lenders and insurance companies offer a combined Buildings and Contents Policy

you as a loyal customer with a new loan

Making an offer in its self is a simple process, but getting the price you want or simply securing your ideal home may require a bit more determination and skill on your behalf

In particular, they provide details of county court judgements, defaults and any existing credit agreements, along with information relating to the electoral roll and your past credit history

The seasoned mover is likely to have learnt from past experiences to exactly that

Garden Cover - While most buildings insurance provide cover for patios, paths and driveways

The Association of Residential Letting Agents (ARLA) says most landlords should be able to obtain gross rent equivalent to between 130% and 150% of the rental propertyıs mortgage repayments (interest only)

Check to see if this applies with your lender or solicitor