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We also hold the details of loans designed specifically for applicants with a poor credit history, and we provide the facility to apply online for these through moneysupermarket

When lenders quote their APRs they will state whether these are typical or whether they are set at one rate for all successful applicants, regardless of the risk they present

They are usually covered by professional indemnity insurance, which means costs can generally be recouped if things go wrong

Garden Cover - While most buildings insurance provide cover for patios, paths and driveways

It is normal for lenders to charge up-front fees in the form of booking and/or arrangement fees

Remember, it is your responsibility to get the correct sum insured

In addition, borrowers will need a Contents Policy that provides cover for the contents, such as carpets, TV’s, furniture etc

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

It may be the case that taking out a new loan with another lender offering better rates and terms is better than staying with your existing lender even if the redemption fee is wavered

Completion Completion is the final stage of the mortgage process and occurs when the solicitor or conveyancer dealing with the purchase or remortgage is in a position to receive the mortgage funds. Daily Interest Here, the interest rate is calculated on a daily basis. By calculating and charging interest on the balance outstanding at the end of each day, you can get an immediate benefit from any payments of capital. Interest is compounded daily. It does however mean that if you miss or are late with any payments, interest will accrue immediately on the outstanding amount.

We specialise in helping people who find it difficult to obtain a mortgage or loan

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

The elements incorporated within the plan include cash, stocks and shares as well as insurance elements

Lenders have an array of different criterion on which they will base the maximum LTV and at Just we will be able to provide you with advice regarding different lenders attitudes in this area

29% 2 year fixed fee free, no extended ties

This can be of great advantage in determining outline information before you go to the time and expense of having a survey and local searches made

Redemption Redemption of a mortgage is the process of discharging a mortgage by paying off the loan. Paying off a mortgage before the end of a mortgage term is referred to as ‘early redemption’ or ‘early repayment’ and may incur an early redemption fee. This fee may be as much as six times your normal monthly payments. There is a greater chance of incurring these fees when redeeming in the first 1-5 years of the mortgage term Residential Leases Can either be short term (typically six months or one year) or long term. A long-term lease can extend as long as 999 years. The length of the lease will affect the value of a property. If it is a short lease or anything much less than 100 years, this will be reflected in the value of the property This means that some short term leases can be seen as very good value, but effectively become rentals.

Default Failure of an individual to make payments on a mortgage at the correct time or to not comply with the mortgage companies requirements