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A removal firm will normally supply a quote over the phone, based on the location your moving from and to

1 week to go Pay all local milk/paper bills. Cancel any services, e.g. window cleaner, milkman, newspaper delivery. Return videos/library books/pick up dry-cleaning. Drain petrol/oil from any garden equipment. Prepare directions for removals company. Confirm final details with them and include contact/mobile numbers for you throughout the day. Make sure all the utilities at your new home will be fully functional for when you move in.

If you wish to repay the loan in this time, or you remortgage with another lender, you will have to pay an Early Redemption Charge which can cost £thousands (6 months interest is common) depending on the lender and scheme

In most cases, it is simply not worth it

Other advantages of flexible mortgages are that payment holidays can be taken during the year and extra funds are normally available via a drawdown facility

A mortgage is a sum of money borrowed from a bank or building society in order to purchase a property

The deposit is handed over to the sellers conveyancers and then a final completion statement is made by both parties conveyancers

The costs will be greater for house purchase than for remortgage

Irrespective of movements in the interest rate your monthly payments will not change

Most pension plans have the option at maturity to withdraw a percentage of the fund as tax-free cash

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

Just offer independent advice with regard to over 4,600 mortgage products

Lenders are constantly providing new ways for borrowers to save money if they switch their mortgage from their existing lender to a new one

There are strict limits on the amount that can be taken as a tax-free lump sum, which can lead to a shortfall in certain circumstances

The earlier you contact them, the more sympathetic they are likely to be

Advice on Affording a Mortgage

This tends to be around £200 - £250 and becomes payable as soon a the reservation is made

- Are school catchment areas, commuting or environment an issue? Contact a solicitor to access their quality of service

The offer will have numerous conditions which are designed to ensure that you encounter no problems when you move into the property

Further fees such as arrangement fees are also frequently experienced with this type of rate

Disadvantages: Unexpected increases in payments at term end

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

Disadvantages: The amount of your debt does not decrease over time, unlike the repayment mortgage option

A good starting point is to offer around 5% to 10% less than the asking price, although this greatly depends on market conditions

The process of registration is usually conducted via a solicitor

There is also the potential to receive a tax-free lump sum once the capital amount owing has been repaid, or to reduce the term of the mortgage if the target amount is achieved early

There are two basic types of endowment policy – the with profits version and the unit linked version

a 5 year discount with a 7 year ERC