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Initial property enquiries This is where much time involved in selling and buying is wasted

This may be an expensive choice, as in the vast majority of cases Just are able to significantly reduce your mortgage rate, although it is of course imperative to consider the potential cost of any redemption penalties on your existing mortgage

In particular, they provide details of county court judgements, defaults and any existing credit agreements, along with information relating to the electoral roll and your past credit history

At the end of the term, therefore, you will need to repay the capital

In most cases, it is simply not worth it

Specific questions which may cover issues such as disputes with neighbours, alterations to the property, etc

Much depends on the agent, the seller and your confidence in your negotiation skills

It is best to find out the sellers position during the viewing, having plied as much information from the agent beforehand

Lenders may offer payment breaks or repayment holidays as part of their personal loan package and these allow you to take a break from your repayments at the beginning of the loan or at any agreed point during the term

In the past some lenders have made their insurance compulsory with some very competitive mortgage products although this is less common now

Life assurance cover is not always necessary in taking out this type of mortgage

The purpose of the search is to discover if there are plans for nearby development that could potentially affect the property

It is common practice for lenders to pass this charge on to the borrower

Gaining as much information about the reasons for the sale and the condition of the property will pay dividends later when making an offer

The agent will be more willing to hand you properties that he can sell quickly or that are in greater demand

RICS The Royal Institution of Chartered Surveyors (RICS) is an independent, not-for-profit organisation, which is required to act in the public interest. Originally formed in 1868, RICS is a professional body that represents, regulates and promotes chartered surveyors and technical surveyors. RICS has over 110,000 members in 120 countries and is the leading professional body addressing all aspects of property, land, construction and their associated environmental issues. more info: http://www.rics.org.uk

The maximum limit is £1,000 (£3,000 in the current tax year) for stocks and shares and cash, with the insurance element being £1,000 immediately

This means that all bank rates cuts are automatically passed on to the borrower

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

Other Benefits A whole range of other benefits can be applied to mortgages including the significant benefits of no Mortgage Indemnity Charge and no Early Redemption Charge

In addition the interest rate charged is often lower than the usual Standard Variable Rates charged by the other more ‘traditional’ mortgage lenders

What limitations apply to your current mortgage rate

You do not mind taking some degree of financial risk

On this subject see ‘No Redemption’ and ‘No Overhang’ below

the mortgage does have an Early Redemption Charge but it does not last longer than the fixed, capped or discount period

The process of registration is usually conducted via a solicitor

Stage 3 - exchange of contracts A sale or purchase of property in England and Wales only becomes legally binding once the contracts have been exchanged

Detailed below is a quick checklist of information we would suggest you have at your fingertips when considering moving your mortgage: What is your current interest rate? The amount of your monthly payments

For more information please see:: Dealing with adverse valuations Recently built homes Most new houses have a National House Building Council (NHBC) Certificate

Understandably this is due to protecting their investment