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This can be attributed partly to the stress of the home buying procedure, but it can also be down to mortgage tie-ins where the lender insists on you taking out their insurance

3% of the loan

Mortgage Endowment Policies

Arrangement fees are common on fixed and capped rate mortgages

This method is designed to give you the opportunity to generate a cash sum sufficient to repay the outstanding mortgage capital at the end of the agreed term

How we can Help Obviously prior to making any decisions comparisons from other providers should be obtained

Again, as with fixed rates, up-front charges and ‘lock-ins’ are common

Find out what else is included in the sale

Having a mortgage in principle means you should be able get the actual mortgage quicker when the race to buy your chosen home begins

Particularly furnishings and fittings,

Mortgage lenders require that neither the buyer nor the seller have a bankruptcy notice registered against them

The endowment is a long-term investment product, which should be held to maturity to get the maximum benefits

The increased flexibility inherent within the repayment vehicle can lead to shortfalls in relation to the amounts required owing to withdrawals having been made

Upon making an offer via the agent or directly to the seller, the experienced seller is likely to take into account several factors over and (in many cases) above the offer price itself

The investment vehicle is entirely portable and can be taken with you to a new lender no matter how many times you might move

Will your items be adequately insured during the move? Existing loan settlement figures If you already have a mortgage, do not assume that you have less owing than the amount originally borrowed

A booking fee will normally be required with the application form

Ask why the current owners are selling the property

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

You only get this if you qualify for income support

Try not to widen your search in too much

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