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Ask the seller or agent when the previous buyer pulled out and if recent, ask your conveyancer whether it is advisable to purchase the previous searches

Try also to avoid costly contract races where the seller accepts several offers and the first buyer to exchange contracts gets the property

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

You can also obtain wider protection to include damage or theft of shrubs, trees, flower beds, garden ornaments, gates and fences

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

The premium is usually charged when borrowing is in excess of the amount the lender considers they can safely lend and be assured of their money being returned if any future financial problems occur

Get advice on all types of loans, compare rates, or apply for a loan online

This form of insurance has become more important as the Department of Social Security has steadily withdrawn the benefits available

Without going into detail to explain this feature the up-shot is that over-paying the mortgage on a monthly or regular basis, even by a relatively small amount, will reduce your mortgage term by years (hence saving payments)

See FAQs for more details

The second influence on the amount you can borrow is your current level of income

Ask about the sellers position

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

Current Account Mortgage

Flexible mortgage A flexible mortgage may enable the borrower to pay off all or part of their mortgage without paying a penalty

Local authority searches Personal Searches Dependent on the local authority, searches can take up to six weeks

These mortgages take the benefits of the flexible mortgage and use the funds held in the current account to offset the interest e

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

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

The amount borrowed is subject to an interest charge, which will be quoted as a percentage

OTHER TERMINOLOGY Adverse Credit If a borrower has a history of poor credit usage then this is described as Adverse Credit

It is not permissible for holders of a Mini individual savings account to open a Maxi individual savings account and vice versa

Read all the details on the specification sheet

There are several factors that we will look at in detail and discuss with you the main items being: What limitations apply to the end of any product we are considering? Is there a lock in and if so for how long? What is the lenders variable rate – how does this compare? Is there any mortgage indemnity to pay? (Mortgage Indemnity is a premium paid to a lender in order to purchase an insurance policy against future loss

How long does your present fixed, discounted or capped rate last for

Cashback Mortgages

Have there been any previous offers and what happened to the sale? Having had a previous buyer does not necessarily indicate that there is a problem with the property, but it does require investigation

At anytime of the day or night

Home Mortgage Rates

Exposure to interest rates