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You do not mind taking some degree of financial risk

the mortgage does have an Early Redemption Charge but it does not last longer than the fixed, capped or discount period

In addition the interest rate charged is often lower than the usual Standard Variable Rates charged by the other more ‘traditional’ mortgage lenders

The value of these holdings will alter on a daily basis and can go down as well as up

During the early years you will find the charges in certain policies will eat into the premiums and reduce the amount you are accumulating towards the repayment of your mortgage

Making an offer is one of the more stressful parts of buying a home

Why indexed linked? - As time goes by, the rebuild and repair costs of any property damage are likely to increase, thus if the sum insured does not rise in relation to these, you will end up being under insured

The agent will be more willing to hand you properties that he can sell quickly or that are in greater demand

Each year the original capital sum will remain outstanding

Many lenders now offer specialist buy to let mortgages that allow private landlords to fix their interest payments for five years or more, providing you with some security over mortgage funding costs

Title Deeds Title Deeds consist of a pack of legal documents, which a lender holds for the duration of the mortgage as security against the loan. The documents include who owns the legal title to the property and land, the results of solicitors’ searches and a map of the property with the legal boundaries defined.

Tracker Mortgage A Tracker Mortgage is linked to a benchmark interest rate, such as the Bank of England base rate. This is usually only for a set period of time. The rate you pay moves up and down in line with the benchmark selected. At the end of the set period, the Standard Variable Rate normally applies

a first-come, first-served fixed rate

Obtains the title deeds, which are normally held by the building society and asks you to fill in a detailed questionnaire

In the past some lenders have made their insurance compulsory with some very competitive mortgage products although this is less common now

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

The typical rate is a rate that is offered to over 50% of successful applicants, and the exact rate offered to you will depend on your personal circumstances, the amount and term of the loan along with the credit assessment procedures

Not all buyers pull out as a result of the condition of property itself, but it is worth noting that further enquiries should be made as to the reasons for a previous buyer pulling out

Variable rate mortgages Most lenders have a set rate of interest known as the standard variable rate which they adjust as the Bank of England increases or lowers interest rates

Most pension plans have the option at maturity to withdraw a percentage of the fund as tax-free cash