fixed rate, uk homeowner

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Lenders are constantly providing new ways for borrowers to save money if they switch their mortgage from their existing lender to a new one

Has the owner made any improvements? Do you have the relevant warranties? Does the property require much regular maintenance? Can you do it yourself or afford to get a professional? How much ground rent/service charges do you pay? (Leaseholds) How secure is the property, does it have an alarm? Has it ever been burgled? Ask about the neighbours

Advantages: The tax advantages a pension policy has make this type of mortgage the most tax efficient available

Advantages: Cash payment may be useful to those utilising their savings as a deposit, to enable them to afford fixtures and fittings for the property

It is still possible to have up-front charges for discounted products and an Early Redemption Charge is common

It is best to find out the sellers position during the viewing, having plied as much information from the agent beforehand

The maximum limit is £1,000 (£3,000 in the current tax year) for stocks and shares and cash, with the insurance element being £1,000 immediately

There will usually be a required period of payment before protection will become available and some people may be excluded from its cover

This could end up saving you time and money

If so, be bold and ask to see them

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

If you are obtaining a mortgage then your solicitor will need to prepare a Standard Security, giving your mortgage provider certain rights over the property

Listed below are examples of some of the best deals around

Usually calculated on a daily basis and added to the loan either monthly, quarterly or annually

Please remember, a major consideration in any viewing or visits should be your safety- Always help ensure your own safety by taking a friend or partner

There are several factors that we will look at in detail and discuss with you the main items being: What limitations apply to the end of any product we are considering? Is there a lock in and if so for how long? What is the lenders variable rate – how does this compare? Is there any mortgage indemnity to pay? (Mortgage Indemnity is a premium paid to a lender in order to purchase an insurance policy against future loss

Some lenders do offer cashbacks in conjunction with other offers such as discounts or fixed rates

The opportunity to access the investment proportion of your mortgage in the event of financial difficulties

Free Valuation or Refund of Valuation A free valuation requires no up-front payment from the mortgage applicant whereas a refund will only be made when and if the mortgage application completes

A fixed interest rate will stay the same throughout the term of your loan, regardless of any changes in the bank base rate

Capped Rate Mortgages

Higher rate taxpayers may benefit from this option

Listing all the contacts involved in the move

Proposed road works within 200 meters of the property

the rates for telephone applications may be different from those for online applications

Current Account Mortgage (CAM)

They provide a detailed analysis of your financial position

Negotiation with a lender is possible

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