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Once your application has been submitted to us, either the service provider will send you an e-mail acknowledging your application

More detailed reports are also available for a small fee

The inspection is limited to comparing the price being paid against similar property in the area and checking the general condition and location of the property

Suitability: A capped rate mortgage is the most suitable option in a number of circumstances the most common being those identified below: Individuals wanting more flexibility in terms of rate decreases than fixed rates but still wishing to limit the amount of their maximum monthly payments

Our Mortgage Calculator will allow you to see how much you can borrow and the cost of your monthly repayments

The offer includes the purchase price, date of entry, alterations and specialist works together with any inclusions such as carpets and curtains etc

Flexible mortgage A flexible mortgage may enable the borrower to pay off all or part of their mortgage without paying a penalty

Self Certification Mortgages

Searches are often one of the major causes of time delay

A capped rate mortgage is very similar to a fixed except that if the variable rate drops below the capped rate, the borrower will make payments based on the lower variable rate

The policy is usually highly portable and allows free movement from lender to lender

More information about endowments (which in the 1980’s and 1990’s were extremely popular), ISAs and Pension plans are below

The key thing is to talk with your lender

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

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.

What limitations apply to your current mortgage rate

There is no reason, as far as legal procedures are concerned, why this cannot be quicker

Owing to the fact that pension plans have certain built in tax advantages they generally have the potential to achieve greater overall returns than an endowment policy might be expected to achieve

Fortunately there are a number of mortgage deals promoted by lenders aimed specifically at first time buyers

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

For a mortgage secured on a property, insurance may be required

In such cases the lender may decline the advance, restrict the amount they are prepared to lend or place conditions on the advance

A mortgage is a sum of money borrowed from a bank or building society in order to purchase a property

An estate agent has the duty by law to inform the seller of all offers made on their property, regardless of an offer having already been accepted

Portable Mortgages Some mortgage products are portable (subject to the lender’s policy), which means if you move home you may be able to transfer your existing mortgage onto the new mortgage for your new home if you stay with the same lender.