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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

See FAQs for more details

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

There is no guarantee with this type of mortgage

Prior to making the decision to remortgage it is important to establish a number of basic facts or the benefit of your remortgage may be significantly reduced by penalties imposed by your current lender

The current options available to you in conjunction with interest only mortgages include endowment, pension or an Individual Savings Account (ISA) Advantages: There are a variety of investment vehicles available to use to repay interest only mortgages, some offering tax advantages

a) Inform the vendor/agent about the dilemma to see if an agreement can be made regarding a reduction in the sale price

Investment managers may only be changed on an annual basis

Note, the fee is usually non-refundable

The Early Redemption Charge can represent a significant sum although the amount will differ between lenders and between products

4 weeks to go Arrange buildings insurance for your new home to commence on exchange of contracts. Check that your home contents are adequately insured (transit insurance) during the move. Start to use up food from your freezer. Contact the telephone company to organise reconnection or installation of a line. Book time off work. Make special arrangements for pets and remember that they often find moving home stressful!

The opportunity to take payment holidays without incurring large penalties

Watch out – the ERC can sometimes last longer than the fixed rate period e

At anytime of the day or night

If you do have difficulty making your repayments you should seek advice from your lender immediately

If so, your solicitor may be able to purchase these from the buyers solicitor which will save you waiting for the searches to be carried out by the local authority and possibly save money in the process

Typically as a first time buyer you may have less deposit at your disposal and may be seeking cheaper mortgage rates in the earlier years

The law on moveables is quite complex

There are several factors that we will look at in detail and discuss with you the main items being: What limitations apply to the end of any product we are considering? Is there a lock in and if so for how long? What is the lenders variable rate – how does this compare? Is there any mortgage indemnity to pay? (Mortgage Indemnity is a premium paid to a lender in order to purchase an insurance policy against future loss

Try also to avoid costly contract races where the seller accepts several offers and the first buyer to exchange contracts gets the property

Let your lender know your intentions and ask under what circumstances may they be prepared to waver the redemption fee

If your instincts tell you to leave it alone

When viewing a property ask the question and try to establish a rapport with the seller

A recommendation of the building/rebuild insurance cover required should also be given