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The initial pay rate would therefore be 3

Be precise when filling out the registration forms

County Court Judgements (CCJ) An adverse ruling by a County Court against a person who has not satisfied their debt payments with their creditors

Whether the property is a listed building or in a conservation area

A Self-Certification mortgage allows you to state your income without providing the usual documentary evidence providing that your mortgage falls within certain stated criteria

On your mortgage statement, normally received annually, you will see that the amount borrowed decreases throughout the term

These bonuses termed either annual or reversionary cannot be taken away

The capital amount is to be repaid at the end of the period agreed

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

Customers cashing-in an endowment policy in the first few years after inception can receive less than the amount invested

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

We have a Support Team who can be contacted by telephone should you require any further assistance along the way

The offer includes the purchase price, date of entry, alterations and specialist works together with any inclusions such as carpets and curtains etc

Home working equipment cover

All mortgage lenders require an official search to be carried out

Borrowers will normally have to build up a reserve through overpayments before being allowed to underpay or skip payments

Individuals on a tight budget expecting wage increases over the first few years of the mortgage

Booking Fee and Arrangement Fee Both are up-front fees charges levied at the outset of the mortgage

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

Receive replies to questions raised and reports to you with the contract for signing

You should also receive a summary of the present state of the property along with any recommendations concerning future maintenance

We specialise in helping people who find it difficult to obtain a mortgage or loan

The amount borrowed is subject to an interest charge, which will be quoted as a percentage

The surveyor will not inspect inaccessible parts of the property or areas which are not already exposed

Take note of the neighbours - Do they have overlooking views? Do they have pets, or caravans that may end up being a nuisance? Accept a tour by the owner or agent

Not only will an estate agent take you more seriously, but the seller will feel more comfortable and have more confidence that you are not time wasting

If you, your solicitor and your lender are happy with the survey then your solicitor can make a formal offer

Charges can be significant

A capped rate mortgage is very similar to a fixed except that if the variable rate drops below the capped rate, the borrower will make payments based on the lower variable rate

It is the role of the solicitor or licensed conveyancer to note ownership of the property on the title deeds; note the lenders interest in the property; register with the Land Registry and conduct searches to identify if there may be factors which could affect the property e

They are also useful for larger amounts or where the applicant requires a longer repayment period

Suitability: The interest only mortgage option is suitable in a number of circumstances the most common being those identified below: You do not mind taking some degree of financial risk

In the longer term, with flexible mortgage rates, you should see the reduction of the amount owing occurring more quickly than a standard mortgage