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Some lenders do offer cashbacks in conjunction with other offers such as discounts or fixed rates

DISADVANTAGES If the proceeds of the repayment vehicle do not achieve the amount expected, then there will be a shortfall

There are some important facts to understand about the mortgage indemnity charge

In such circumstances the borrower will be facing a significant increase in their monthly mortgage payment at the end of the discount benefit period

Fixed rate mortgage The biggest advantage of a fixed rate mortgage is that, irrespective of fluctuations in interest rates, your monthly repayments remain the same throughout the period of the fixed rate

Exposure to interest rate rises

These are more detailed than a lender valuation but they produced on behalf of the applicant

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A Guide to Secured Home-Owner Loans A secured loan is any loan that requires the borrower to provide the lender with some form of security

Variable Rate Mortgage

Some plans are tax-efficient

If you have a flexible mortgage, you may be able to vary the amount of the monthly repayment and you may be able to pay in or draw out lump sums

This protects the lender in case you do not repay the loan and your home has to be repossessed

Below is a quick and easy guide to personal loans

If you are considering protecting your repayments in the event of accident, sickness, unemployment or death, why not browse our Income Protection finder

Advantages: The fixed rate provides the security of knowing the exact monthly cost of your loan for a set period

Self Certification Mortgages

In most cases, it is simply not worth it

Be prepared

Negotiating face to face can be a very effective tactic

Sewers and drainage

Sealing Fee This is a fee charged by all lenders for discharging a mortgage when it is repaid in full Searches A buyer’s solicitor normally carries out searches. The solicitor will carry out local searches on your behalf to make sure that the property you are planning to buy does not have, for example, a road planned at the bottom of your garden or any compulsory purchase orders attached to it. This is usually done by a search of the local land register. Your solicitor sends a standard form to the local authority that will enter details of any local land charges adjacent to the property you are buying. The speed with which the results are returned varies considerably from borough to borough. You can speed up the process by arranging a personal search. You pay a fee, whereby a search agent, appointed by your solicitor, calls at the offices of the local authority and the search is conducted there and then. This is not an official search, so will not protect you to the same degree, but if speed is of the essence, it can save weeks.