residential, london mortgage

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Again, if you have any concerns about this, your solicitor will be able to advise you

Portable Mortgages Some mortgage products are portable (subject to the lender’s policy), which means if you move home you may be able to transfer your existing mortgage onto the new mortgage for your new home if you stay with the same lender.

This final bonus is not guaranteed in any way

Some sites are also offering information about local schools, crime rates, and average property prices

Your local borough council or solicitor will be able to provide you with the exact cost

When and how to talk to agents When to start taking to an agent about buying is entirely up to you

Your solicitor will also be checking the exact description of the property and any title burdens

Mortgage in principle A mortgage in principle is a conditional offer made by the mortgage lender to confirm that they will in principle give you the loan you have discussed, provided the information you have given is correct

Discounted mortgage With a discounted mortgage, lenders offer a discount on the standard variable rate for a specified term

A booking fee will normally be required with the application form

The potential for your rate to reduce unlike the fixed rate mortgage

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

This may reveal other factors that will not appear on any formal search

Why indexed linked? - As time goes by, the rebuild and repair costs of any property damage are likely to increase, thus if the sum insured does not rise in relation to these, you will end up being under insured

You may not get a straight answer, but at least the owner and agent will be aware that you know the score

The amount you repay the lender each month can be at a fixed interest rate for a certain period of time, regardless of the interest rate in the market place

Mortgage Indemnity Charge (sometimes referred to as a High Percentage Lending Fee) For high Loan to Value (LTV) mortgages i