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This possibility alone was enough to dissuade many people from becoming private landlords in the past

On your mortgage statement, normally received annually, you will see that the amount borrowed decreases throughout the term

5% on a normal lending limit of 75% loan to value

The cover and cost does vary between lenders and you should check what their policy includes, and just as importantly, what it excludes

Moving House & Your Mortgage Completing all the formalities involved with moving house can be an arduous task and as such many people choose to stay with their existing lender rather than seeking out a new deal for their amended mortgage

All lenders will insist on Buildings Insurance as the very minimum

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

Demand for housing is higher than the property available

If it is going to happen then it is likely to occur between acceptance of your offer and exchange of contracts

Most recent mortgage statement or a redemption statement from your lender

Particularly furnishings and fittings,

Total monthly payments will remain constant unless interest rates change, but as each year passes the capital part of the payment will increase as the interest element decreases

Setting the completion date The standard time between exchange of contracts and completion is four weeks

If using a removal firm we suggest obtaining several quotes first

Unfortunately not all estate agents are ethical in this area

First time buyers looking for security during the first few years of setting up home

Capped mortgage Capped mortgages have a limit to any increases in the variable rate, for a selected period of time

The offer will have numerous conditions which are designed to ensure that you encounter no problems when you move into the property

They should be included in the sale

The experienced agent is likely to be skilled in the art of negotiation and know what buttons to press

Some inexperienced and less ethical agents are driven by working on commission or sales targets and may be inclined to try scare tactics or apply pressure for you to purchase

Save £s on your buildings and home contents insurance

Reductions or increases in the rate will result in a direct increase or decrease in the monthly payment to the lender

Dealing with adverse valuations Adverse valuations occur in certain instances where the valuation figure is lower than purchase price of the property

Suitability: A variable rate mortgage is the most suitable option in a limited number of circumstances the most common being those identified below: Individuals borrowing money over the very short term anticipating repaying the loan early and not wishing to incur redemption penalties on all or part of the loan

Advantages: The tax advantages a pension policy has make this type of mortgage the most tax efficient available

We are experts in finding mortgages and loans for people with a problem, or poor credit history

Another handy tip often overlooked or underrated is to check out the school run or office trips that you would normally take

Try not to widen your search in too much

This tends to be around £200 - £250 and becomes payable as soon a the reservation is made

External Observations Ask to see the garden and the garage