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Read all the details on the specification sheet

Written quotations are available on request

The savings can be considerable although you have no protection against increases in interest rates and may find that an increase takes you over your budget

A number of these flexible mortgages may also offer the ability to operate your mortgage account as a bank account with the option to make withdrawals in certain circumstances

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

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

Disadvantages: As mentioned above, any change in bank rates will be directly reflected in the monthly mortgage repayment so this type of mortgage provides no protection against any upward movement in interest rates (in contrast to fixed rate mortgages for example)

There are many reasons why a seller may want a quick sale

Redemption penalties can prevent restructuring of your mortgage and associated finances

Ask about the sellers position

These may include 100% mortgages or a range of fixed or capped rate mortgages (see Mortgage Guide) unavailable to non-first time buyers

Personal loans are repayable monthly

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

Cashing in the plans early may result in financial penalties

The main thing to do is your homework and seek specific advice relating to your circumstances from a qualified professional

Including gas and electric suppliers and insurance companies etc

This will prove handy at the time of making an offer

It provides no benefit to you, it is for the lenders protection only

Lenders now offer insurance policies that pay mortgage bills for around a year if you lose your job

Ask the seller or agent when the previous buyer pulled out and if recent, ask your conveyancer whether it is advisable to purchase the previous searches

The maximum limit is £1,000 (£3,000 in the current tax year) for stocks and shares and cash, with the insurance element being £1,000 immediately

When registration is complete, the title deed to your lender for safekeeping

The lack of discipline in the monthly payment means the temptation is there to spend the money on other matters

Suitability: A variable rate mortgage is the most suitable option in a limited number of circumstances the most common being those identified below: Individuals borrowing money over the very short term anticipating repaying the loan early and not wishing to incur redemption penalties on all or part of the loan

An arrangement fee is typically charged on completion of the mortgage

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

Check the plumbing and wiring

This type of mortgage is often taken out in conjunction with other offers such as cashbacks

The date and actual time of day of completion is quite specific and relies absolutely on the transfer of money

When viewing we always suggest taking someone with you for a second opinion as well as your own safety