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

Overtime and commission may be treated similarly

For a borrower wanting one home for their finances this is an attractive option

Capped Rate Mortgage

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It will be based on settling the mortgage at that moment in time, so the final figure at completion/taking entry will vary marginally

A single payment is made to your lender each month covering both the interest charged on the loan as well as the repayment of the outstanding capital

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Check this out with your solicitor or lender

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

It may also give you a good indication regarding the seriousness of intent to sell

Other Charges There are a whole series of other fees that some lenders apply in certain circumstances e

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

They are more expensive than the lenders valuation

It is usually attributed to either the agent has been too pushy, the buyer has not put enough thought into what they really want or a professional timewaster is at work

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