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Only one Maxi individual savings account may be held in any one tax year

Possibly tied in to variable rate with same lender for various periods following the fixed rate term end

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

£200 to a percentage of the loan e

This protects the lender in case you do not repay the loan and your home has to be repossessed

Switching between provider can only be completed on an annual basis and penalties may be incurred

coal mining search to check for subsidence; check to see if there are some planned major road developments going through the back garden etc

Self-Build Mortgages This is a mortgage for applicants who are building their own property. The loan is usually released in stages as the building progresses.

Stamp duty Stamp Duty is a UK government based tax on properties bought throughout the UK. It becomes payable upon completion of your purchase and is normally paid through your conveyancer. more info: Current Fees

We recommend taking a look at homecheck

If added to the loan then interest is charged over the duration of the loan

A survey carried out by the mortgage lender should indicate what sum to insure

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

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

If you do have difficulty making your repayments you should seek advice from your lender immediately

It is important to note that you will still need to fund the shortfall in the advance at completion, albeit on a shorter term basis

Obtains the title deeds, which are normally held by the building society and asks you to fill in a detailed questionnaire

They are more expensive than the lenders valuation

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

In summary you will find numerous different methods of calculating the maximum LTV but the figure once stated is usually non-negotiable

For more information see: Vital questions to ask the seller or agent Making a deposit Express the seriousness of your offer by offering to put down a deposit as an act of good faith

There are more properties on the market than there are buyers

The cover and cost does vary between lenders and you should check what their policy includes, and just as importantly, what it excludes

The lender can give you a settlement figure, normally over the phone

Ensure that you know how the settlement figure is made up

Flexible mortgage Cashback Fixed Discounted Capped

How long has it been on the market and have there been any price reductions? Ask about the general state of the property

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

Base Rate The standard rate of interest set by the Bank of England which all lenders generally follow.