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

A separate life policy will be required in most cases

A number of these flexible mortgages may also offer the ability to operate your mortgage account as a bank account with the option to make withdrawals in certain circumstances

The rate will also provide a buffer against increases in the interest rates

Check it out and see how the neighbourhood is rated

Individuals looking to repay their mortgages quicker than their basic income would indicate as, possibly the result of expected bonus payments and or share options

Regular checking of the policy fund itself by the borrower and the lender should minimise any risk

Disadvantages: Unexpected increases in payments at term end

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

Not many of us are likely to do it, but it can give you a good idea of what your possible future neighbours may be like

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

Assuming that you have your financial preparations in place (a mortgage in principle)

A fixed rate mortgage is suitable if your mortgage repayments take up a large proportion of your income as it protects you from any sudden and unexpected rises in interest rates

Last but not lease a Structural or Building survey which are recommended for period homes or properties of unusual construction

The seasoned mover is likely to have learnt from past experiences to exactly that

Normally just complete a form online and a price is given

This may mean that you require a scheme which permits lumps sum payments to reduce the mortgage or may be seeking to combine both your current account and mortgage borrowings in the same financial product

It is also worth pointing out that historically the returns on endowment policies have been pretty good (provided they go full term)

The capital amount is to be repaid at the end of the period agreed

Most mortgage schemes, in return for offering you a lower initial rate, will require you to stay with that scheme at least for the period of the Discount, Fix or Cap, and often longer

See below for more information about these features

Interest may still accrue on the balance outstanding so the exact terms should always be verified with the lender

This search can take between four and six weeks although many councils process searches in two weeks

This may have the effect of reducing the length of time it takes to repay your mortgage

In return you usually agree to pay the variable rate charged by the bank or building society, for a specified term

External Observations Ask to see the garden and the garage

In certain instances the valuation figure returned by the surveyor may not equal the purchase price