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If a redemption fee does apply, all is not lost

carpets and curtains, wall lamps, etc

In this, the seller agrees to a period during which they promise not to enter an agreement with anybody else

You can choose cover according to your needs

Your mortgage lender will insist on a property survey before approving your mortgage

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

FIXED CAPPED DISCOUNT VARIABLE Fixed Rate Mortgage

Borrowers with new loans only get the interest paid after waiting for nine months

Sometimes it will match the period of the discount/fix but often it can go beyond the benefit period e

We have a Support Team who can be contacted by telephone should you require any further assistance along the way

However, if the variable rate drops below your capped rate, you will benefit as your repayments will be calculated using the lower variable rate

If you have a mortgage, the lender will insist that you take out this type of policy

External Observations Ask to see the garden and the garage

You stand to lose more than the property you had your heart set on as you may well have paid for surveys and searches, none of which will be refundable

STEP 1 - WHICH LOAN? Unsecured personal loans are available for a range of different amounts and repayment terms

ADVANTAGES If the proceeds of the plans exceed the amount required to repay the mortgage, then this is received as a cash lump sum by the borrower

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

If applicable, a redemption fee comes into effect when you repay/terminate the mortgage within the redemption term, as set out in your mortgage advance

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

self certification - uk homeowner loan