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Credit scoring assesses your personal circumstances and statistics to ascertain which broad category of borrower you fit in to

In such circumstances the borrower will be facing a significant increase in their monthly mortgage payment at the end of the discount benefit period

This rate is known as the Annual Percentage Rate (APR)

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

Disadvantages: As mentioned above, any change in bank rates will be directly reflected in the monthly mortgage repayment so this type of mortgage provides no protection against any upward movement in interest rates (in contrast to fixed rate mortgages for example)

At this point a survey will need to be arranged so that a firm and informed offer may be made

The above mortgage products may have other criteria which will require evaluation before deciding if the product is suitable for an individual

Many lenders now offer specialist buy to let mortgages that allow private landlords to fix their interest payments for five years or more, providing you with some security over mortgage funding costs

You can choose cover according to your needs

Lenders will also use credit reference agencies to obtain information about you

Written quotations are available on request

29% 2 year fixed fee free, no extended ties

Cashing in the plans early may result in financial penalties

Disadvantages: The amount of your debt does not decrease over time, unlike the repayment mortgage option

Contents Insurance Home contents insurance protects your possessions against loss, damage and theft

There may need to be further formal letters before both parties are in full agreement and your offer is accepted

You believe that the investment market over the period of your mortgage is likely to generate a cash surplus over and above that required to repay the mortgage

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

Disadvantages: The final value of the policy may not be entirely sufficient to repay your mortgage or the monthly premium may have to be increased later on in the term of the mortgage to compensate for poor returns

Some sites are also offering information about local schools, crime rates, and average property prices

Each year the original capital sum will remain outstanding

Buy To Let Mortgages Buy To Let mortgages are taken out to buy a property for the sole purpose of letting as an investment. These are normally second mortgages. The rates charged on second mortgages tend to be about 0.5% to 1% higher than first-home mortgages, so it is likely that you will pay more for your loan on a Buy To Let Scheme. This is due to the nature of the loan, which is considered a higher risk for the lender. Lenders also tend to require larger deposits as most will lend only 75% of the property value though some may go as high as 85%. You are required to meet certain criteria, which vary from lender to lender, but fundamentally your application will be based on 1) Your income versus all existing loans. 2) The anticipated rental income covering a certain percentage of the loan interest payment. 3) Plus the normal credit checks etc.

The market conditions are in your favour (see details above)

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

An endowment policy is a commonly used investment product to repay the capital, although there are other alternatives

STEP 2 - HOW DO I APPLY? Lending institutions offer you the option of applying for your personal loan either in person at a branch, via a written application, over the telephone or online

Contents insurance can provide cover for all your household contents - furniture, carpets, curtain, pictures TV, hi-fi, personal possessions etc

If you do have difficulty making your repayments you should seek advice from your lender immediately

External Observations Ask to see the garden and the garage

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

Proposed road works within 200 meters of the property

It is probably more suited to you if you do not mind this uncertainty and your budget can absorb an increase in interest rates or if you think rates will go down during the discounted period

Larger borrowings