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If using a removal firm we suggest obtaining several quotes first

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

Written quotations are available on request

DISADVANTAGES There may be financial penalties for making lump sum/overpayments into your mortgage account

All mortgage lenders require an official search to be carried out

This possibility alone was enough to dissuade many people from becoming private landlords in the past

Pension Plan Life assurance cover is provided and monthly payments are made into a pension fund

It simply informs the seller of your interest

Capped Rate Mortgage

ARLA - The The Association of Residential Letting Agents (ARLA) is a self-regulating body, which is solely concerned with lettings. In the event of unresolved disputes, the ARLA offers arbitration for landlords and tenants who use ARLA member firms. more info: http://www.arla.co.uk Arrangement Fee Sometime referred to as an Application Fee. The fee is an amount of moneylenders charge for arranging a mortgage. It may include administration costs and normally varies from one particular mortgage product to another.

A previous buyer will only be too happy to get some of the costs back

Typically a borrower will be locked-in for 5 to 7 years where a substantial cashback has been paid

Its purpose is to verify and record legal ownership of the property and to record any securities (mortgages) or conditions adversely affecting the property

It is normal for lenders to charge up-front fees in the form of booking and/or arrangement fees

However, most vendors are reluctant to take the hit on the full amount

Some sellers prefer to keep their property on the market until exchange of contracts so that if the transaction falls through, they have a back-up buyer

(See Offers & Missives), so if you ANY doubts ask your solicitor for advice

Arrangement fees Arrangement fees are normally charged by the lender for reserving a discounted or fixed interest rate mortgage for a given period of time

Advice on Affording a Mortgage

That is: Consider what type of mortgage you require and then find a mortgage lender you feel can offer you the best deal

Variable rate mortgages Most lenders have a set rate of interest known as the standard variable rate which they adjust as the Bank of England increases or lowers interest rates

Frequently individuals will move from job to job requiring alterations to be made to their retirement planning which may adversely affect their mortgage planning

Watch out – the ERC can sometimes last longer than the fixed rate period e

Homebuyers survey This is the most popular form of survey and is intended for use on conventional types of property

Suitability: A cash back mortgage is the most suitable option in a number of circumstances the most common being those identified below:

First time buyers

Lockout agreements and contract races Preferable at the time of offer try to ensure that the agent and the seller agrees that higher offers will not be entertained (gazumping)

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

conducts a local authority search to highlight planning, financial and other charges affecting the property

Location : Normally an agent will ask for a number of areas Do you need finance? If not how are you financing the purchase? Is it dependant on selling a property? If you have registered with an agent and your not getting any details

The fixed payments are based on the amount of the loan together with the mortgage term and are designed so that, at maturity, the amount invested and earnings are sufficient to pay off the mortgage

Each year the original capital sum will remain outstanding

If you have no life assurance cover in place and die before the loan is repaid, the mortgage will still need to be repaid