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Specific questions which may cover issues such as disputes with neighbours, alterations to the property, etc

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

The amount will vary from lender to lender and on the size of the mortgage

Cashback Mortgage Is a mortgage product, which provides a cash lump sum or a cash percentage of the mortgage amount to spend as you wish. The cashback amount is paid to the borrower shortly after completion.

CML - The The Council Of Mortgage Lenders is a trade association specifically for mortgage lenders in the UK and its members undertake around 98% of UK residential mortgage lending. It provides a service to mortgage lending institutions by helping to establish and maintain a favourable operating environment in the residential mortgage and related housing market.

Buy to let has become an attractive investment option for many people as soaring house prices, increased demand for rental property and better legal protection for private landlords has made buy to let fast growing area of the mortgage market

These are more detailed than a lender valuation but they produced on behalf of the applicant

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

You can also obtain wider protection to include damage or theft of shrubs, trees, flower beds, garden ornaments, gates and fences

Advantages: The fixed rate provides the security of knowing the exact monthly cost of your loan for a set period

Location, location, location What local amenities are there? What are the local schools like? - A good school catchment area may effect property value

Contents insurance can provide cover for all your household contents - furniture, carpets, curtain, pictures TV, hi-fi, personal possessions etc

You stand to lose more than the property you had your heart set on as you may well have paid for surveys and searches, none of which will be refundable

Advantages: With the built in life assurance and in most cases critical illness insurance the overall cost is usually lower

Stamp Duty becomes payable at the time of completion/taking entry and is normally made via a solicitor

The seasoned mover is likely to have learnt from past experiences to exactly that

Although directly related to interest rates it can be slightly more expensive than the interest only options, even allowing for the investment vehicle payments

How long does your present fixed, discounted or capped rate last for

Insurance Lenders will insist that the property is adequately insured, with a suitable Buildings Insurance Policy, as it represents security against the mortgage debt

The redemption fee payable is often up to six times the currently monthly repayments

Capped Rate Mortgage

Noise abatement orders

ADVANTAGES At the end of the term, you are safe in the knowledge that the total amount of the debt has been repaid

For example, setting the price range on your next home

It may be the case that taking out a new loan with another lender offering better rates and terms is better than staying with your existing lender even if the redemption fee is wavered

These tax-free accounts were split into two main alternatives, the Mini individual savings account and the Maxi individual savings account, both of which can be utilised to repay an interest only mortgage