residential, uk home loan

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Just Mortgages UK will explain the many schemes available and will help you to find the most suitable option for your circumstances

The most important fact about an interest only mortgage is that the monthly repayments do not repay any of the outstanding capital balance

The amount available usually ranges from £500 to £25,000 over a term of 6 months to 10 years

The period of borrowing is in excess of say 12 years

Variable Rate Mortgage

Some short term discount products offer a ‘deep discount’ e

Choosing the correct survey Choosing the correct survey depends on the requirements of the lender and the property itself

Proceedings relating to any infringement of building regulations

You are not looking for a guarantee of repayment at the end of the mortgage term

Be aware that making an offer may have legal consequences for you

As a tip, note that in the UK you can only drive up to a 3 tonne vehicle before you need an HGV license

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

Absolute title Having absolute title on a property means that you have full rights and ownership relating to the property

Agricultural Covenant A planning covenant that allows the construction of a residential dwelling provided it is to be occupied by a person employed or associated with working on the land. Properties such as this tend to attract a lower value, as they can only be sold to another person in similar circumstance unless the covenant is lifted. Annual bonus A bonus paid annually on an endowment mortgage which is dependent on the performance of the investment fund you are using to repay your mortgage.

Ask why the current owners are selling the property

The opportunity to take payment holidays without incurring large penalties

Mortgage lenders require that neither the buyer nor the seller have a bankruptcy notice registered against them

The initial pay rate would therefore be 3

This had much to do with the amount of properties being repossessed at the time

A buildings policy covers against storm damage, fire, flooding etc and relates to the fabric of the house or flat etc

If your instincts tell you to leave it alone