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It should also be noted that whilst a Maxi has a single investment manager for all three elements the Mini ISAs will have an individual manager per element therein

All lenders will insist on buildings insurance as the very minimum

Advantages: Knowing the maximum monthly cost of your loan for a set period, allowing security within your budgeting

5%

Individuals looking to repay their mortgages quicker than their basic income would indicate as, possibly the result of expected bonus payments and or share options

Disadvantages: Generally you will be unable to obtain fixed, discounted, capped or cashback rates on flexible mortgages

The deed of transfer is prepared and approved and if the buyer has raised finance a mortgage deed is prepared

Capped mortgage Capped mortgages have a limit to any increases in the variable rate, for a selected period of time

The experienced agent is likely to be skilled in the art of negotiation and know what buttons to press

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

If the property was purchased outright, the buyer keeps the deeds

Whether the property is a listed building or in a conservation area

Mortgage in principle A mortgage in principle is a conditional offer made by the mortgage lender to confirm that they will in principle give you the loan you have discussed, provided the information you have given is correct

Without an appraisal, it is going to be difficult to plan ahead

You never know, it could be a deciding factor involved in your decision to purchase or not

Flexible mortgage rates overcome this problem by allowing the borrower to make both over and underpayments into the account

For more information see: Valuations and surveys Removal costs Removal costs vary according to whether your using a removal firm or doing-it-yourself

This product, which tends to be used by the self employed, is only for those taking advice from a suitably qualified financial adviser

This will vary between lenders and products

External Observations Ask to see the garden and the garage

Especially if you are intending to take out a new loan or transfer your existing loan to another lender because they offer better rates or terms

This is not an obligation to purchase the property