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The agent will be more willing to hand you properties that he can sell quickly or that are in greater demand

No buyer should rely solely on the information provided by a mortgage valuation especially when purchasing a large or old property

Moving House & Your Mortgage Completing all the formalities involved with moving house can be an arduous task and as such many people choose to stay with their existing lender rather than seeking out a new deal for their amended mortgage

This form of insurance has become more important as the Department of Social Security has steadily withdrawn the benefits available

The period of borrowing is in excess of say 12 years

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

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

Payment is either up front, or added to the overall loan

The key advantage is that you should be able to track the process of the purchase online

Valuation Fee The amount charged to conduct a valuation of the property on behalf of the lender

Endowments provide life assurance so that in the event of death the mortgage is paid off

lender agrees on completion of the mortgage to provide you with a set percentage of amount borrowed as a cash payment

There are a number of limitations to the standard types of mortgages available if your income is erratic, for example if you are self employed or perhaps working on short term contracts

will need to be addressed during this period of pre-contract enquires

Hence in this situation you are likely to stand a greater chance of obtaining a significant price reduction

The rate will also provide a buffer against increases in the interest rates

For more information please see:: Dealing with adverse valuations Recently built homes Most new houses have a National House Building Council (NHBC) Certificate

This final bonus is not guaranteed in any way

If for any reason your application is declined, may be able to direct your application to a provider who can help

In either case the difference will need to be found before completion

This type of mortgage is often taken out in conjunction with other offers such as cashbacks

A Self-Certification mortgage allows you to state your income without providing the usual documentary evidence providing that your mortgage falls within certain stated criteria

ADVANTAGES At the end of the term, you are safe in the knowledge that the total amount of the debt has been repaid

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

Will your items be adequately insured during the move? Existing loan settlement figures If you already have a mortgage, do not assume that you have less owing than the amount originally borrowed

Your solicitor will also be checking the exact description of the property and any title burdens

Again, as with fixed rates, up-front charges and ‘lock-ins’ are common