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This may reveal other factors that will not appear on any formal search

Suitability: A pension policy linked mortgage is the most suitable option in a number of circumstances the most common being those identified below: This option is only really suitable for a small minority of people

Discounted Rate Mortgage

However should rates decrease the borrower will benefit from lower payments

Disadvantages: Generally rates for capped mortgages will be slightly higher than those of the fixed rate mortgages available, although this is largely led by market forces and has not been the case in recent years

Suitability: An ISA linked mortgage is the most suitable option in a number of circumstances the most common being those identified below: This option is suitable for individuals willing to take some degree of financial risk

Each month therefore you make two separate payments, one to the lender and one to the investment you have selected to repay the loan

Bankrupt A Corporation, Firm or individual who, via a court proceeding, is relieved from paying all debts once assets have been surrendered to an appointed third party designated by the court

Be aware that valuations are just that - they are not a full structural survey

The plan provider will then add bonuses to the individual plans at the year-end depending on the performance of the investments within the fund

This possibility alone was enough to dissuade many people from becoming private landlords in the past

This search can take between four and six weeks although many councils process searches in two weeks

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

a 5 year discount with a 7 year ERC

Borrowers will be required to remain on the lenders variable rate of interest for a pre-determined period of time

5%

Negotiation with a lender is possible

Proceedings relating to any infringement of building regulations

Not many people know that another way to find out if there have been any disputes is to visit the local council and request information pertaining to the property

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

This can save hours of waiting on the phone trying to get to speak to your conveyancer

At the end of the policy term there will be a final one off bonus called the terminal bonus which may in some instances represent a large proportion of the borrowers final pay out

SVR - Standard Variable Rate Standard Variable Rate (SVR) - All lenders have their own Standard Variable Rate, which is largely determined by the base interest rate set by the Bank of England. The Standard Variable Rate of interest may increase or decrease from time to time.

Note that even after repossession the former borrower will remain liable for any sums owing (shortfall between selling price and mortgage outstanding plus arrears, lenders legal costs and any other charges applied to the mortgage) and can be pursued by the insurance company for payment at a subsequent date