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A fixed rate mortgage is suitable if your mortgage repayments take up a large proportion of your income as it protects you from any sudden and unexpected rises in interest rates

Irrespective of movements in the interest rate your monthly payments will not change

Just Mortgages UK will explain the many schemes available and will help you to find the most suitable option for your circumstances

ARLA - The The Association of Residential Letting Agents (ARLA) is a self-regulating body, which is solely concerned with lettings. In the event of unresolved disputes, the ARLA offers arbitration for landlords and tenants who use ARLA member firms. more info: http://www.arla.co.uk Arrangement Fee Sometime referred to as an Application Fee. The fee is an amount of moneylenders charge for arranging a mortgage. It may include administration costs and normally varies from one particular mortgage product to another.

will need to be addressed during this period of pre-contract enquires

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

Find out what else is included in the sale

Sewers and drainage

We are completely independent and have access to every lender and product on the market

The cost can easily add over £1,000 to the total bill and is either paid up front or added to the overall loan

First and most important: If you have a property to sell, obligation a free appraisal from more than one estate agent

Without going into detail to explain this feature the up-shot is that over-paying the mortgage on a monthly or regular basis, even by a relatively small amount, will reduce your mortgage term by years (hence saving payments)

It is worth noting that the average property purchase price in the UK has now hit over £100,000

Receive replies to questions raised and reports to you with the contract for signing

Buildings survey Also known as a structural survey

Other factors may well be involved

b) If you are able to afford the remedial work over a staged period after completion, then consult the lender or broker to discuss staged release payments

In addition the lender has no way of tracking some of the more modern repayment vehicles, such as an ISA, which will result in some instances where a borrower lets an investment lapse forgetting or not realizing it is to be used to pay off the mortgage

carpets and curtains, wall lamps, etc

Current Account Mortgage (CAM)

Location, location, location What local amenities are there? What are the local schools like? - A good school catchment area may effect property value

These mortgages take the benefits of the flexible mortgage and use the funds held in the current account to offset the interest e

We recommend taking a look at homecheck

Proposed road works within 200 meters of the property

It is normal for lenders to check that any policy arranged is adequate and a fee will sometimes be levied to check the policy, if the borrowers take a policy other than the one sold or recommended by the lender

Most recent P60 Whilst the banks and building societies will all have different specific requirements these are usually required in all circumstances

Subject to your circumstances, you may be able to borrow up to 125% of the property value

Individuals on a tight budget expecting wage increases over the first few years of the mortgage

It is possible that your investment may provide a surplus lump sum or pay off your mortgage early

As soon as you have found a property that you wish to make an offer on, your solicitor will note interest for you

It is a basic inspection undertaken by a valuer on behalf of the lender for the purpose of determine whether a property is a sound investment on their behalf

However should rates decrease the borrower will benefit from lower payments

This form of insurance is not compulsory

The borrower remains liable for any shortfall on the mortgage hence the outstanding balance will need to be paid off from other resources