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Advantages: Generally, the rate charged will be lower than the variable rate applicable under a standard mortgage

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This can be of great advantage in determining outline information before you go to the time and expense of having a survey and local searches made

Flexible Mortgages

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.

Look out for fixed features in the garden such as greenhouse, garden sheds, birdbaths, statues etc

Buyers should check carefully any property they wish to buy for such restrictions

Preliminary Observations Ask about the cost of council tax and utilities with the seller

Some lenders will offer even larger cashbacks if you agree to pay a premium over the variable rate

Borrowers with larger loans Remortgaging The Basics How we can help Information Required The Basics Becoming increasingly popular over the last ten years remortgaging is commonplace in today’s competitive mortgage market

A good site will ask if you want to receive them or not

Therefore, a reputable agent will forward all offers to their client even if these are made after an offer has been accepted

FEATURES AND OTHER BENEFITS OFFERED WITH MORTGAGES There are other key features and benefits to be considered when determining the best mortgage for a prospective borrower

The interest rate can fluctuate and is not fixed at the initial rate of interest

a £47,500 mortgage on a purchase price / valuation of £50,000 would result in a £750 charge on a typical MIG charge of 7

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