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As soon as you have found a property that you wish to make an offer on, your solicitor will note interest for you

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

On your mortgage statement, normally received annually, you will see that the amount borrowed decreases throughout the term

These are known as regulated loans

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

This acts as a ‘lock-in’ making an often heavy charge for borrowers paying off their mortgage early

It is also worth pointing out that historically the returns on endowment policies have been pretty good (provided they go full term)

At Just we can complete a full analysis of the market using the most up to date information available

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

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

This possibility alone was enough to dissuade many people from becoming private landlords in the past

Depending on the amount of loan and the LTV the Mortgage Indemnity Guarantee charge can be a significant cost e

The Maxi individual savings accounts combine three basic elements in one plan, with a limit of £5,000 (£7,000 in the current tax year) being placed on the investment

The cost of the survey is usually between £150 and £300 and provides a more in-depth inspection of a property

DISADVANTAGES If the proceeds of the repayment vehicle do not achieve the amount expected, then there will be a shortfall

If you have any doubts check with the lender

4% off for 1 year

If you are considering protecting your repayments in the event of accident, sickness, unemployment or death, why not browse our Income Protection finder

(Gazumping)

At this point you will need to pay your share of the property purchase to your solicitor who will exchange this and the money from the mortgage provider for the Disposition (or Title Deed)

Compare the property with surrounding properties

The Association of Residential Letting Agents (ARLA) says most landlords should be able to obtain gross rent equivalent to between 130% and 150% of the rental property¹s mortgage repayments (interest only)

rooms, style, new or old etc

A booking fee is paid to reserve funds on a mortgage product that has limited funds available e

Obtains the title deeds, which are normally held by the building society and asks you to fill in a detailed questionnaire

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

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

Variable Rate Mortgages

There can be a shortfall in the fund within your investment meaning the cost of your interest only mortgage may increase over the term or alternatively you may be left with an extra sum of money to find at the end of the loan

As you would expect lenders apply an Early Redemption Charge with cashback mortgages

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

Total monthly payments will remain constant unless interest rates change, but as each year passes the capital part of the payment will increase as the interest element decreases

Repayment mortgage With a repayment mortgage you repay, normally on a monthly basis over an agreed term, the money you have borrowed (known as capital) plus the interest charged by the lender

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