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This is more likely to occur within the first 3-5 years of the mortgage term and more common with discounted, deferred or fixed mortgages

Investment backed mortgage With this method you pay interest only to the lender and separately take out a suitable investment to repay the capital at the end of the mortgage term

You may also speak to the seller directly

All lenders will insist on buildings insurance as the very minimum

Take the time to get up a little earlier and start your school or office run from the intended property

If you are not happy with the answer, investigate further or walk away

These are known as regulated loans

Disadvantages: Holders of a Mini individual savings accounts cannot take out a Maxi, and vice versa

Free Valuation or Refund of Valuation A free valuation requires no up-front payment from the mortgage applicant whereas a refund will only be made when and if the mortgage application completes

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)

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

The amount provided by the investment product cannot normally be guaranteed

Buy To Let Mortgage Buy To Let mortgages are taken out to buy a property for the sole purpose of letting as an investment.

Credit scoring assesses your personal circumstances and statistics to ascertain which broad category of borrower you fit in to

Ask about the reason for the sale

This had much to do with the amount of properties being repossessed at the time