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carpets and curtains, wall lamps, etc

It will not protect you to the same degree, but if speed is of the essence, it can save weeks

Contents insurance can provide cover for all your household contents - furniture, carpets, curtain, pictures TV, hi-fi, personal possessions etc

Being hit by an unexpected redemption fee can put a serious dent into your finances

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

There is also the potential to receive a tax-free lump sum once the capital amount owing has been repaid, or to reduce the term of the mortgage if the target amount is achieved early

Assessments are generally made very quickly based on your personal circumstances

Many lenders now offer specialist buy to let mortgages that allow private landlords to fix their interest payments for five years or more, providing you with some security over mortgage funding costs

Advantages: Monthly payments can adapt to the level of monthly income you receive

The cover and cost does vary between lenders and you should check what their policy includes, and just as importantly, what it excludes

You may also speak to the seller directly

Typically a borrower will be locked-in for 5 to 7 years where a substantial cashback has been paid

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

Each lender will have a maximum percentage of the value that they will be willing to lend in each individual circumstances, this is more commonly known as the maximum loan to value (LTV)

Annual Versus Daily Interest Rate Calculations Some lenders offer mortgages with daily or with annual interest. The best option depends on your personal circumstances, for example if you know you will want to make overpayments or regular capital payments on your mortgage, you should probably consider a daily interest type mortgage. However, if flexibility of payment is not a requirement, annual interest may be more appropriate.

The surveyor will not inspect inaccessible parts of the property or areas which are not already exposed

This rate is known as the Annual Percentage Rate (APR)

Most insurance companies will have extended buildings cover options which are well worth considering

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

FIXED CAPPED DISCOUNT VARIABLE Fixed Rate Mortgage

It is important to note that comment within the report is limited to those areas that are considered accessible at inspection

They deal with surveyors every day and should be able to recommend a good one

Buildings survey Also known as a structural survey

Mortgage lenders require that neither the buyer nor the seller have a bankruptcy notice registered against them

If you are refused a personal loan or wish to make enquiries concerning your own credit file, you can apply to the credit reference agencies for a copy of your credit file

They should be included in the sale

A good starting point is to offer around 5% to 10% less than the asking price, although this greatly depends on market conditions

This is widely accepted as the most straightforward of the mortgage options

a 5 year discount with a 7 year ERC

See FAQs for more details

Are there any guarantees not held with the title deeds? i

Cashback The Lender, as an incentive, will offer a lump sum of cash once the mortgage has been taken out