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Unfortunately not all estate agents are ethical in this area

Valuations and mortgage reports Note, a valuation is not a survey

There are two basic types of endowment policy – the with profits version and the unit linked version

The interest rate can fluctuate and is not fixed at the initial rate of interest

Read all the details on the specification sheet

Searches - what they should highlight Your solicitor will carry out local searches to ensure that the property you are planning to buy does not have, for example, a road planned at the bottom of your garden, any compulsory purchase orders attached to it, or any local land charges adjacent to the property you are buying

Buy to let has become an attractive investment option for many people as soaring house prices, increased demand for rental property and better legal protection for private landlords has made buy to let fast growing area of the mortgage market

Under the terms of The Mortgage Code of Practice the lender will, before a mortgage applicant takes a mortgage, provide a tariff covering the repayment of the mortgage, including charges and additional interest costs payable in the vent of arrears and will advise of any other charges for services before or when the service is provided

Until the seller receives these funds, the buyer may not normally have access to the property

A Home Buyers report, generally suitable for most modern homes conventional in type and construction

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

If you wish to repay the loan in this time, or you remortgage with another lender, you will have to pay an Early Redemption Charge which can cost £thousands (6 months interest is common) depending on the lender and scheme

This tends to be between £25 - £50 and may be avoided if enough objections were made

Anywhere between 1% and 12% cashback has been available

Borrowers will normally have to build up a reserve through overpayments before being allowed to underpay or skip payments

Be precise when filling out the registration forms

The main thing to do is your homework and seek specific advice relating to your circumstances from a qualified professional