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ISA The Individual Savings Account (ISA) is a tax free method of saving

The lender can give you a settlement figure, normally over the phone

Capped Rate Mortgage

This is covered above

12 weeks to go Try starting a notebook to record details

This is known as an Adverse Valuation and may occur due to any number of factors, but in most cases it is connected with the condition of the property

There are two basic types of endowment policy – the with profits version and the unit linked version

Arriving at the property Before knocking, take a few moments to observe your first impressions

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

If you have a flexible mortgage, you may be able to vary the amount of the monthly repayment and you may be able to pay in or draw out lump sums

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

Under the terms of The Mortgage Code of Practice the lender will, before a mortgage applicant takes a mortgage, provide a tariff covering the repayment of the mortgage, including charges and additional interest costs payable in the vent of arrears and will advise of any other charges for services before or when the service is provided

c) A combination of the above

Generally anything between 1 and 25 year fixed rates are available

Read all the details on the specification sheet

Capped mortgage Capped mortgages have a limit to any increases in the variable rate, for a selected period of time

What limitations apply to your current mortgage rate

If a person has a County Court Judgement against them it will have to be satisfied before they can get a mortgage

For peace of mind it may be appropriate to obtain a ‘Housebuyers Report’ or a ‘Full Structural Survey’

Especially considering that they had gone to the expense of paying for a building survey

Taking entry The solicitor will advise you on checks to be made when you enter the property and what to do if you encounter any problems

Fixed Rate Mortgage

APR may vary

We recommend taking a look at homecheck

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

Avoidance of early redemption penalties

You may not get a straight answer, but at least the owner and agent will be aware that you know the score

A valuation of the property is supplied based on the approximate market value of the property

Lenders offer insurance policies or payment protection schemes to protect you in the event of accident, illness, unemployment and death (subject to conditions), for which the charge is added to your monthly repayment

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

Commonly these will be between 3 and 3