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It is normal practice to specify in an offer exactly what moveables you want to ensure that these are included in the sale and that there is no room for miss interpretation

Flexible Mortgages

The skilled agent will ask a series of questions that determine how serious you are, what properties will be of interest, what else they can sell to you and how quickly they can do it

For more information please see:: Dealing with adverse valuations Recently built homes Most new houses have a National House Building Council (NHBC) Certificate

They should be included in the sale

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

Especially if you are intending to take out a new loan or transfer your existing loan to another lender because they offer better rates or terms

Those with FRICS, ARICS or Tech RICS after their name are members of the Royal Institution of Chartered Surveyor and are subject to the RICS formal complaints procedure if clients are unhappy with the work carried out

See below for a quick guide to secured loans

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

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

A seller may ask you to negotiate specific issues or accept your offer in full; In which case by Scottish Law you are fully committed to the purchase

First and most important: If you have a property to sell, obligation a free appraisal from more than one estate agent

The second influence on the amount you can borrow is your current level of income

An endowment policy is a commonly used investment product to repay the capital, although there are other alternatives

Having a mortgage in principle means you should be able get the actual mortgage quicker when the race to buy your chosen home begins

Taking entry The solicitor will advise you on checks to be made when you enter the property and what to do if you encounter any problems

OTHER TERMINOLOGY Adverse Credit If a borrower has a history of poor credit usage then this is described as Adverse Credit

Contents Insurance Home contents insurance protects your possessions against loss, damage and theft

That is: Consider what type of mortgage you require and then find a mortgage lender you feel can offer you the best deal

Some sellers prefer to keep their property on the market until exchange of contracts so that if the transaction falls through, they have a back-up buyer

Blind Bids This is only applicable to buyers in Scotland. If there is more than one party showing and interest in a property then each party will put in a sealed bid before a specified closing date. Often the bid is over the asking price and made only after thorough research and inspection into the value and condition of the property. (Consultation with a professional is always advised) By law the seller is under no obligation to accept any of the offers made, but usually accepts the highest bid. If for any reason the seller wishes to decline all of the offers made, perhaps due to low bid prices, then they can reject the offers and start anew.

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

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

Setting the completion date The standard time between exchange of contracts and completion is four weeks

If you want to continue, find out if the previous buyer had completed the searches or any survey

To obtain a mortgage in principle you will need go through the same motions as applying for an actual mortgage

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

Should the lender determine that an inspection is required before releasing any further funds, this normally carries a small fee that will be deducted from the withheld advance

The amount is usually measured in either pounds or months