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The fixed payments are based on the amount of the loan together with the mortgage term and are designed so that, at maturity, the amount invested and earnings are sufficient to pay off the mortgage

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

Please remember, a major consideration in any viewing or visits should be your safety- Always help ensure your own safety by taking a friend or partner

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

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

Buy to Let Mortgages

Most lenders have a different name for this charge i

However it is possible to speed up the process by arranging a personal search

There are strict limits on the amount that can be taken as a tax-free lump sum, which can lead to a shortfall in certain circumstances

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)

All lenders will have a set formula that they use to calculate the amount they will be willing to lend which is usually expressed as a multiple of your income

Buyers Market

Protecting the property itself against disaster and you in relation to the legal liability to the public are essential aspects to property ownership

Disadvantages: Holders of a Mini individual savings accounts cannot take out a Maxi, and vice versa

Possibly tied in to variable rate with same lender for various periods following the fixed rate term end

The money is then paid back to the Lender over a fixed period of time together with accrued interest

The proportion of UK housing stock taken by rentals stood at a low of 7% in 1989, but has grown to 11% in the ten years since

Are they in a chain? How quickly do they want to move? Ask if the agent has a sole agency agreement Having been satisfied with your initial enquiries, it is now time to book a viewing

The money may only be drawn from a pension policy when the policyholder reaches retirement age

The following planner will help focus on what needs be done and when

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

Contrary to popular believe, lenders can be flexible

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

Most lenders and insurance companies offer a combined Buildings and Contents Policy

Again, as with fixed rates, up-front charges and ‘lock-ins’ are common