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Gazundering Gazundering is when the buyer refuses to go ahead with the sale unless the price is reduced. There is nothing the seller can do about this apart from negotiate on the price or lose the sale - and possibly the house they are in the process of purchasing. In such situations any estate agent worth their salt will do their best to negotiate on your behalf, or failing that, will attempt to find you a suitable new buyer with all possible haste. Fortunately, it is rare to come across gazundering but in a slow housing market it is more likely to occur as prices may be falling.

Having difficulties obtaining a mortgage, because of CCJs, defaults, or arrears? We are experts in finding mortgages and loans for people with poor credit

How long does your present fixed, discounted or capped rate last for

Noise abatement orders

Read all the details on the specification sheet

The interest rate can fluctuate and is not fixed at the initial rate of interest

The fixed payments are based on the amount of the loan together with the mortgage term and are designed so that, at maturity, the amount invested and earnings are sufficient to pay off the mortgage

Not many people know that another way to find out if there have been any disputes is to visit the local council and request information pertaining to the property

If you are refused a personal loan or wish to make enquiries concerning your own credit file, you can apply to the credit reference agencies for a copy of your credit file

Most recent mortgage statement or a redemption statement from your lender

Larger borrowings

What the search should highlight Any Planning notices

This will depend on future investment performance

A flexible mortgage linked to a current account

This will vary between lenders and products

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

Some plans are tax-efficient

Capped Rate Mortgages

Suitability: A cash back mortgage is the most suitable option in a number of circumstances the most common being those identified below:

First time buyers

Unfortunately not all estate agents are ethical in this area

Assuming your intentions to purchase are serious, it is vital to put in some preparation work to ensure you are taken seriously by an agent and seller

Borrowers with larger loans Remortgaging The Basics How we can help Information Required The Basics Becoming increasingly popular over the last ten years remortgaging is commonplace in today’s competitive mortgage market

So we know our specialist advisers can provide you with the mortgage that best suits your needs

A number of these flexible mortgages may also offer the ability to operate your mortgage account as a bank account with the option to make withdrawals in certain circumstances

As the discount is linked to the standard variable rate, the borrowers payments will increase, if rates rise – so there is no certainty in budgeting

This search can take between four and six weeks although many councils process searches in two weeks

conducts a local authority search to highlight planning, financial and other charges affecting the property

Are they in a chain? How quickly do they want to move? Ask if the agent has a sole agency agreement Having been satisfied with your initial enquiries, it is now time to book a viewing

In the early years of a repayment mortgage the majority of the monthly repayment is interest rather than capital

On this subject see ‘No Redemption’ and ‘No Overhang’ below