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The policy is usually highly portable and allows free movement from lender to lender

5%

Including gas and electric suppliers and insurance companies etc

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

In the longer term, with flexible mortgage rates, you should see the reduction of the amount owing occurring more quickly than a standard mortgage

The opportunity to access the investment proportion of your mortgage in the event of financial difficulties

Suitability: An endowment policy is the most suitable option in a number of circumstances the most common being those identified below: You are a higher rate taxpayer and have utilised all your annual ISA allowance

In this case all is not lost, other factors may come into play such as the sellers current position and reason for sale

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

Information Required There are a number of common items that will be required in order to obtain a new mortgage and listed below are the most common: 3-6 months pay slips 3-6 months bank statements

Typically as a first time buyer you may have less deposit at your disposal and may be seeking cheaper mortgage rates in the earlier years

If you completed our application form, it will be passed to your chosen provider in order that they may process it

The opportunity to take payment holidays without incurring large penalties

They provide a detailed analysis of your financial position

These are known as regulated loans

An estate agent has the duty by law to inform the seller of all offers made on their property, regardless of an offer having already been accepted

Blind Bids This is only applicable to buyers in Scotland. If there is more than one party showing and interest in a property then each party will put in a sealed bid before a specified closing date. Often the bid is over the asking price and made only after thorough research and inspection into the value and condition of the property. (Consultation with a professional is always advised) By law the seller is under no obligation to accept any of the offers made, but usually accepts the highest bid. If for any reason the seller wishes to decline all of the offers made, perhaps due to low bid prices, then they can reject the offers and start anew.

The amount will vary from lender to lender and on the size of the mortgage