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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!

Gazundering Gazundering is when the buyer refuses to go ahead with the sale unless the price is reduced. There is nothing the seller can do about this apart from negotiate on the price or lose the sale - and possibly the house they are in the process of purchasing. In such situations any estate agent worth their salt will do their best to negotiate on your behalf, or failing that, will attempt to find you a suitable new buyer with all possible haste. Fortunately, it is rare to come across gazundering but in a slow housing market it is more likely to occur as prices may be falling.

The premium is usually charged when borrowing is in excess of the amount the lender considers they can safely lend and be assured of their money being returned if any future financial problems occur

Suitability: A cash back mortgage is the most suitable option in a number of circumstances the most common being those identified below:

First time buyers

In many cases, lenders offer different rates depending on the method by which you apply

Valuation Fee The amount charged to conduct a valuation of the property on behalf of the lender

The moving in day is likely to be one of the most memorable days in connection with the property, so we hope our planner goes some way in making your move more pleasurable

The amount available usually ranges from £3,000 to £50,000, although some lenders will consider lending up to £100,000

This means that the lender can claim part or all of its ‘losses’ incurred repossessing the property from the insurance company providing the MIG cover

In certain instances the valuation figure returned by the surveyor may not equal the purchase price

The Association of Residential Letting Agents (ARLA) says most landlords should be able to obtain gross rent equivalent to between 130% and 150% of the rental property¹s mortgage repayments (interest only)

If you are considering protecting your repayments in the event of accident, sickness, unemployment or death, why not browse our Income Protection finder

DISADVANTAGES If the proceeds of the repayment vehicle do not achieve the amount expected, then there will be a shortfall

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

If you have no life assurance cover in place and die before the loan is repaid, the mortgage will still need to be repaid

They will also find that the mortgages they can get will be at a higher interest rate

The opportunity to take payment holidays without incurring large penalties

With this type of mortgage, only the interest is paid off with each mortgage payment

Choosing a surveyor Reputable surveyors will confirm an instruction in writing with details of costs, qualifications and the nature of the instruction

What the search should highlight Any Planning notices

The valuation does not represent a detailed inspection

The seller needs to move fast

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

Offers are invited above the stated price

The mortgage like most others is portable should you move house, and providing you maintain the payments for the entire term of the mortgage you are guaranteed to repay the loan at the end of your selected period of borrowing

Charges can be significant

Your monthly repayments consist of repaying the capital amount borrowed together with accrued interest

That is: Consider what type of mortgage you require and then find a mortgage lender you feel can offer you the best deal

Usually calculated on a daily basis and added to the loan either monthly, quarterly or annually

Normally just complete a form online and a price is given

Offers & Missives When you make an offer for a property you are only offering for the bricks, mortar and ground and the non-moveables