variable rate, home mortgage

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99% 2 year discount, no extended ties fee free remortgage

The premium is usually charged when borrowing is in excess of the amount the lender considers they can safely lend and be assured of their money being returned if any future financial problems occur

Disadvantages: Generally rates for capped mortgages will be slightly higher than those of the fixed rate mortgages available, although this is largely led by market forces and has not been the case in recent years

This will contain a number of conditions and other requirements that your solicitor will discuss with you

Look out for fixed features in the garden such as greenhouse, garden sheds, birdbaths, statues etc

This will prove handy at the time of making an offer

Exposure to interest rate rises

You believe that the investment market over the period of your mortgage is likely to generate a cash surplus over and above that required to repay the mortgage

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

Total monthly payments will remain constant unless interest rates change, but as each year passes the capital part of the payment will increase as the interest element decreases

Surveys come in three forms: Valuations, usually undertaken by the lender

SVR - Standard Variable Rate Standard Variable Rate (SVR) - All lenders have their own Standard Variable Rate, which is largely determined by the base interest rate set by the Bank of England. The Standard Variable Rate of interest may increase or decrease from time to time.

The proportion of UK housing stock taken by rentals stood at a low of 7% in 1989, but has grown to 11% in the ten years since

Unless these payments are guaranteed then as a rule of thumb expect that 50% will be taken into account

Arrangement fees are common on fixed and capped rate mortgages

These may include 100% mortgages or a range of fixed or capped rate mortgages (see Mortgage Guide) unavailable to non-first time buyers

TIP: Buyers should make note that they are responsible for the insurance of the property on exchange of contracts, not when you move in

Gazundering Gazundering is when the buyer refuses to go ahead with the sale unless the price is reduced. There is nothing the seller can do about this apart from negotiate on the price or lose the sale - and possibly the house they are in the process of purchasing. In such situations any estate agent worth their salt will do their best to negotiate on your behalf, or failing that, will attempt to find you a suitable new buyer with all possible haste. Fortunately, it is rare to come across gazundering but in a slow housing market it is more likely to occur as prices may be falling.

The moving in day is likely to be one of the most memorable days in connection with the property, so we hope our planner goes some way in making your move more pleasurable

Disadvantages: As mentioned above, any change in bank rates will be directly reflected in the monthly mortgage repayment so this type of mortgage provides no protection against any upward movement in interest rates (in contrast to fixed rate mortgages for example)

Indeed with enough credit you can take a payment holiday

Once contracts have been exchanged, bankruptcy searches on both the buyer and the seller will be carried out

Upon making an offer via the agent or directly to the seller, the experienced seller is likely to take into account several factors over and (in many cases) above the offer price itself

The maximum limit is £1,000 (£3,000 in the current tax year) for stocks and shares and cash, with the insurance element being £1,000 immediately

Survey costs The cost will vary according to how thorough a survey you require (from £300 - £800 on average)

There are two main factors that influence the amount you are able to borrow

You have an offer on your property - The further into the processes of selling your home, the better