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This is called a collar

By stating this you are not obligated to proceed until the conclusion of the survey and the exchange of signed contracts

You have an offer on your property - The further into the processes of selling your home, the better

Garage contents Items taken away from the home such as pedal cycles, jewellery, mobile phones etc Mortgage Indemnity Insurance Also known as Mortgage Indemnity Guarantee

The above mortgage products may have other criteria which will require evaluation before deciding if the product is suitable for an individual

If the rate offered is a variable rate, it may rise or fall in line with any base rate changes during the term

Blind Bids This is only applicable to buyers in Scotland. If there is more than one party showing and interest in a property then each party will put in a sealed bid before a specified closing date. Often the bid is over the asking price and made only after thorough research and inspection into the value and condition of the property. (Consultation with a professional is always advised) By law the seller is under no obligation to accept any of the offers made, but usually accepts the highest bid. If for any reason the seller wishes to decline all of the offers made, perhaps due to low bid prices, then they can reject the offers and start anew.

This may cover issues such as disputes with neighbours

Buy To Let Mortgage Buy To Let mortgages are taken out to buy a property for the sole purpose of letting as an investment.

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

Normally a lender will ask you to establish a repayment vehicle for the loan at the outset although this is not always the case

Further fees such as arrangement fees are also frequently experienced with this type of rate

INTEREST RATES ON MORTGAGES When you have chosen the right mortgage for you, whether it be a repayment or an interest only mortgage, you will need to consider the 4 main mortgage rate options available

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

However, it is often overlooked that you may approach the seller or agent to negotiate a shorter period

As a consequence lenders frequently ‘lock-in’ borrowers by applying Early Redemption Charges for those paying off the mortgage early

Self Certification Mortgages