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The key advantage is that you should be able to track the process of the purchase online

The surveyor will not inspect inaccessible parts of the property or areas which are not already exposed

Most agents are pretty determined in their approach and will be interested in selling you more than a property

County Court Judgements (CCJ) An adverse ruling by a County Court against a person who has not satisfied their debt payments with their creditors

It is likely that the first payment will be double the normal monthly payment due to the requirement to pay a month in arrears by most lenders

a 5 year discount with a 7 year ERC

Your lender agrees a set rate of interest for a specified period of time

The cost is usually dependent upon the type and size of property, but expect to pay between £300 - £800

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

The deposit is handed over to the sellers conveyancers and then a final completion statement is made by both parties conveyancers

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

There are a number of limitations to the standard types of mortgages available if your income is erratic, for example if you are self employed or perhaps working on short term contracts

It is a basic inspection undertaken by a valuer on behalf of the lender for the purpose of determine whether a property is a sound investment on their behalf

If added to the loan then interest is charged over the duration of the loan

Ask how long has the property been on the market and if there has been a price reduction

The borrower also takes out at the same time, an alternative ‘repayment vehicle’ (method of paying off the mortgage) such as an ISA, pension plan or endowment policy

Redemption penalties can prevent restructuring of your mortgage and associated finances

APR may vary

Other advantages of flexible mortgages are that payment holidays can be taken during the year and extra funds are normally available via a drawdown facility

Note there is no guarantee that, when the endowment matures and ‘pays out’, the balance will be sufficient to repay the mortgage

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

If you are not happy with the answer, investigate further or walk away

If you do have difficulty making your repayments you should seek advice from your lender immediately

If it is clear at this point, then there should be no problems further down the road when it come to draft-contract preparation

Before the exchange of contracts, you will have to agree on a date for completion of purchase

Generally, secured loans are much easier to obtain than unsecured loans

A good site will enable you to register your requirements and send you the latest property details by email

We are completely independent and have access to every lender and product on the market