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99% 2 year discount, no extended ties fee free remortgage

Information Required There are a number of common items that will be required in order to obtain a new mortgage and listed below are the most common: 3-6 months pay slips 3-6 months bank statements

Understandably this is due to protecting their investment

linked with a discount, but pure cashback products are not uncommon

Homebuyers survey This is the most popular form of survey and is intended for use on conventional types of property

The mortgage like most others is portable should you move house, and providing you maintain the payments for the entire term of the mortgage you are guaranteed to repay the loan at the end of your selected period of borrowing

This method of repayment is the least risky and is often considered suitable if you want guaranteed repayment and prefer to see the amount owed to the lender decline each year

This mainly occurs in a sellers market or where the property is of rare value

Disadvantages: Generally the rate will not be competitive in relation to the market

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

It is important to note that the valuation is carried out on behalf of the lender – not the mortgage applicants! Frequently lenders include an administration fee as part of the valuation fee collected to cover the costs of arranging the valuation

During the early years you will find the charges in certain policies will eat into the premiums and reduce the amount you are accumulating towards the repayment of your mortgage

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

They are usually covered by professional indemnity insurance, which means costs can generally be recouped if things go wrong

Advantages: Monthly payments can adapt to the level of monthly income you receive

As the discount is linked to the standard variable rate, the borrowers payments will increase, if rates rise – so there is no certainty in budgeting

Mortgages offering a 5 or even 6% cashback can be found which would mean a borrower taking a £70,000 mortgage would receive £4,200 on completion (at 6%)

Sewers and drainage

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

Assuming your intentions to purchase are serious, it is vital to put in some preparation work to ensure you are taken seriously by an agent and seller

For peace of mind it may be appropriate to obtain a ‘Housebuyers Report’ or a ‘Full Structural Survey’

If you want to continue, find out if the previous buyer had completed the searches or any survey

It is normal practice to specify in an offer exactly what moveables you want to ensure that these are included in the sale and that there is no room for miss interpretation

A standard policy will typically include such cover as loss or damage to your possessions while in your home, alternative accommodation to the value of 15% of the value of the sum assured

See FAQs for more details

An arrangement fee is typically charged on completion of the mortgage

Lenders are constantly providing new ways for borrowers to save money if they switch their mortgage from their existing lender to a new one

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

Most recent mortgage statement or a redemption statement from your lender

Higher rate taxpayers may benefit from this option

Below is a quick and easy guide to personal loans