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The flexible mortgage concept was imported from Australia so occasionally you may hear them referred to as ‘Aussie style mortgages’

In either case, having prepared the ground an agent will notice that you have put some work into sorting a few thing out, thus take you seriously

Base Rate Tracker Mortgages

Loans secured against property that is already mortgaged are known as second charges, whereas loans secured against a property owned outright with no existing mortgage in place are known as first charges

Listed below are examples of some of the best deals around

Contents insurance can provide cover for all your household contents - furniture, carpets, curtain, pictures TV, hi-fi, personal possessions etc

It is worth noting that the average property purchase price in the UK has now hit over £100,000

Booking fees are often non-refundable, so if the mortgage applicant cancels the mortgage application before completion the fee will not be reimbursed

With this type of mortgage, interest may be calculated on a daily or weekly basis

Initial property enquiries This is where much time involved in selling and buying is wasted

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

Although both may vary, a deposit of between 5% and 10% is common, as is completion 28 days after exchange

Ask about the sellers position

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

The lender will offer a range of insurance, the problem being that you may be forced by lender to buy uncompetitive insurance to help recover the costs of a heavily discounted mortgage