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The seller is legally required to answer these enquiries honestly! But do they? We believe not always

Save £s on your buildings and home contents insurance

Contents Insurance Home contents insurance protects your possessions against loss, damage and theft

Poor Credit history can include County Court Judgements(CCJ), Bankruptcy, Mortgage arrears or any late payments on credit arrangements

It simply informs the seller of your interest

Usually this type of flexible mortgage will also calculate interest daily meaning that you will see an immediate impact of any overpayments that you make

You are then free to move into your new home

If you are not happy with the answer, investigate further or walk away

It is vital therefore that you discuss this complex area with an adviser as in many circumstances a more competitive rate may be available form a lender who will be more sympathetic to your particular circumstances

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

Disadvantages: Unexpected increases in payments at term end

Possibility for first time buyers to use to enable them to obtain a mortgage when they are unable to raise a deposit other than by short term finance arrangements

Base Rate The standard rate of interest set by the Bank of England which all lenders generally follow.

In summary you will find numerous different methods of calculating the maximum LTV but the figure once stated is usually non-negotiable

An arrangement fee is typically charged on completion of the mortgage

Understandably this is due to protecting their investment

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

A buildings policy covers against storm damage, fire, flooding etc and relates to the fabric of the house or flat etc

Most pension plans have the option at maturity to withdraw a percentage of the fund as tax-free cash

The flexible mortgage concept was imported from Australia so occasionally you may hear them referred to as ‘Aussie style mortgages’

Try not to widen your search in too much

Searches are often one of the major causes of time delay

5% on a normal lending limit of 75% loan to value

Exposure to interest rates

The law on moveables is quite complex

As the discount is linked to the standard variable rate, the borrowers payments will increase, if rates rise – so there is no certainty in budgeting

How long they been there and have there been any disputes? Internal Observations Does the property have central heating? If so, check when it was installed and last serviced