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The plan provider will then add bonuses to the individual plans at the year-end depending on the performance of the investments within the fund

Take the time to get up a little earlier and start your school or office run from the intended property

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

Gazundering Gazundering is when the buyer refuses to go ahead with the sale unless the price is reduced. There is nothing the seller can do about this apart from negotiate on the price or lose the sale - and possibly the house they are in the process of purchasing. In such situations any estate agent worth their salt will do their best to negotiate on your behalf, or failing that, will attempt to find you a suitable new buyer with all possible haste. Fortunately, it is rare to come across gazundering but in a slow housing market it is more likely to occur as prices may be falling.

Cashing in the plans early may result in financial penalties

Borrowers confident that the mortgage rate is likely to fall

Proceedings relating to any infringement of building regulations

This protects the lender in case you do not repay the loan and your home has to be repossessed

Note that even after repossession the former borrower will remain liable for any sums owing (shortfall between selling price and mortgage outstanding plus arrears, lenders legal costs and any other charges applied to the mortgage) and can be pursued by the insurance company for payment at a subsequent date

APR - Annual Percentage Rate An indicator which is used to compare rates of interest. It takes into account the costs involved in setting up the mortgage, any discount periods, how often interest is calculated and calculates what the average rate of interest will be over the term of the loan. All lenders that comply with the consumer credit act must ensure that the borrower is notified about the APR

The elements incorporated within the plan include cash, stocks and shares as well as insurance elements

The lender may permit over-payments and lump sum payments, which allow you to clear the loan over a shorter term than that agreed at the outset

Buy to let has become an attractive investment option for many people as soaring house prices, increased demand for rental property and better legal protection for private landlords has made buy to let fast growing area of the mortgage market

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

The standard period is 14-28 days after exchange

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

Normally the cashback is offered as a package of benefits e

These may include 100% mortgages or a range of fixed or capped rate mortgages (see Mortgage Guide) unavailable to non-first time buyers

The Early Redemption Charge can represent a significant sum although the amount will differ between lenders and between products

A good site will enable you to register your requirements and send you the latest property details by email

Current Account Mortgage

They are more expensive than the lenders valuation

Your solicitor should be able to advise you on the current search time

A single payment is made to your lender each month covering both the interest charged on the loan as well as the repayment of the outstanding capital

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

It is worth noting that the shorter you make the administrative process, the more organised you will need to be