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

In this, the seller agrees to a period during which they promise not to enter an agreement with anybody else

Our Mortgage Calculator will allow you to see how much you can borrow and the cost of your monthly repayments

The amount you repay the lender each month can be at a fixed interest rate for a certain period of time, regardless of the interest rate in the market place

Are you tied into the variable mortgage rate and if so for how long? What redemption penalties will you incur if you were to pay off your mortgage early? Are any other fees involved? It is also generally worthwhile letting us talk to your existing lender to look at opportunities for obtaining better rates without moving the actual loan

As a result the seller is in a stronger position and is likely to be less receptacle to any or significant price reduction

Payment holidays are permitted

Structural surveys are more appropriate for older homes where there is a greater potential for difficulties to arise

Assuming that you have your financial preparations in place (a mortgage in principle)

Some lenders do offer cashbacks in conjunction with other offers such as discounts or fixed rates

Mortgage Indemnity Charge (sometimes referred to as a High Percentage Lending Fee) For high Loan to Value (LTV) mortgages i

The mortgage like most others is portable should you move house, and providing you maintain the payments for the entire term of the mortgage you are guaranteed to repay the loan at the end of your selected period of borrowing

They are also generally linked to variable rates and so reductions in your mortgage payments in the early years may not be possible with this type of product

The deed of transfer is prepared and approved and if the buyer has raised finance a mortgage deed is prepared

Each case should be taken on its own merits

It is a basic inspection undertaken by a valuer on behalf of the lender for the purpose of determine whether a property is a sound investment on their behalf

The fixed payments are based on the amount of the loan together with the mortgage term and are designed so that, at maturity, the amount invested and earnings are sufficient to pay off the mortgage

ARLA - The The Association of Residential Letting Agents (ARLA) is a self-regulating body, which is solely concerned with lettings. In the event of unresolved disputes, the ARLA offers arbitration for landlords and tenants who use ARLA member firms. more info: http://www.arla.co.uk Arrangement Fee Sometime referred to as an Application Fee. The fee is an amount of moneylenders charge for arranging a mortgage. It may include administration costs and normally varies from one particular mortgage product to another.

Pay particular attention to buildings insurance

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

In particular, they provide details of county court judgements, defaults and any existing credit agreements, along with information relating to the electoral roll and your past credit history

- Are school catchment areas, commuting or environment an issue? Contact a solicitor to access their quality of service

The cover and cost does vary between lenders and you should check what their policy includes, and just as importantly, what it excludes

It is normal practice to specify in an offer exactly what moveables you want to ensure that these are included in the sale and that there is no room for miss interpretation

If so, your solicitor may be able to purchase these from the buyers solicitor which will save you waiting for the searches to be carried out by the local authority and possibly save money in the process

The current options available to you in conjunction with interest only mortgages include endowment, pension or an Individual Savings Account (ISA) Advantages: There are a variety of investment vehicles available to use to repay interest only mortgages, some offering tax advantages

Location : Normally an agent will ask for a number of areas Do you need finance? If not how are you financing the purchase? Is it dependant on selling a property? If you have registered with an agent and your not getting any details

However it is possible to speed up the process by arranging a personal search

If so, be bold and ask to see them

There has been a previous price reduction on the property