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It is usually attributed to either the agent has been too pushy, the buyer has not put enough thought into what they really want or a professional timewaster is at work

carpets and curtains, wall lamps, etc

This policy is designed to offer income protection against unemployment, sickness and redundancy

These mortgages take the benefits of the flexible mortgage and use the funds held in the current account to offset the interest e

There is a wide range of contents insurance options and packages on the market

This may mean that you require a scheme which permits lumps sum payments to reduce the mortgage or may be seeking to combine both your current account and mortgage borrowings in the same financial product

Once the written negotiations (missives) have been completed, your solicitor will obtain the Title Deeds to ensure the seller is the genuine owner and check with the local authority on a range of matters (searches) to make sure you understand how or whether your property is affected by rights of way, restrictions of use and so on

Buyers Market

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

If remedial work is required ask the owner if they have had any quotes

As a consequence of not being ‘locked-in’, the rate offered on these schemes will usually not be as competitive as for mortgages with redemption penalties, making them most suitable for those who are likely to keep track of current rates and wish to remortgage quickly if they find a better rate, or those who may have to repay their loan in the first few years

How much do these policies cost? Expect to pay around £5 for every £100 of your mortgage bill

A previous buyer will only be too happy to get some of the survey costs back

Title searches at the Land Registry will also be carried out

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

£200 to a percentage of the loan e

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

It simply informs the seller of your interest

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

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

This will depend on future investment performance

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

Once all documentation is in order (after checking with you and your lender) the solicitor will send the title deeds for recording in the Register of Sassines or registration in the Land Register of Scotland

Detailed below is a quick checklist of information we would suggest you have at your fingertips when considering moving your mortgage: What is your current interest rate? The amount of your monthly payments

Preliminary Observations Ask about the cost of council tax and utilities with the seller

Mortgages offering a 5 or even 6% cashback can be found which would mean a borrower taking a £70,000 mortgage would receive £4,200 on completion (at 6%)

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

Initial property enquiries This is where much time involved in selling and buying is wasted

Before the exchange of contracts, you will have to agree on a date for completion of purchase

Bridging Loan A bridging loan is a sum of money borrowed for a limited period of time to enable you to buy a new property before selling your old one. Interest rates charged tend to be higher than normal and a bridging loan shouldn’t be taken out lightly.

The inspection is limited to comparing the price being paid against similar property in the area and checking the general condition and location of the property