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You never know, it could be a deciding factor involved in your decision to purchase or not

The flexible mortgage concept was imported from Australia so occasionally you may hear them referred to as ‘Aussie style mortgages’

This is not the same as the main deposit and is returnable if you pull out before exchange of contracts

Individuals utilising short-term finance arrangements to provide their deposit

A Guide to Secured Home-Owner Loans A secured loan is any loan that requires the borrower to provide the lender with some form of security

Has it been re-plumbed or rewired? If so, ask to see any certifications or guarantees Look for cracks, uneven floors or doorways and any signs of water damage

Not all buyers pull out as a result of the condition of property itself, but it is worth noting that further enquiries should be made as to the reasons for a previous buyer pulling out

Advantages: The only option with a 100% guarantee that the loan will be repaid in full at the end of the term

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

linked with a discount, but pure cashback products are not uncommon

Your monthly repayments consist of repaying the capital amount borrowed together with accrued interest

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

Garden Cover - While most buildings insurance provide cover for patios, paths and driveways

Providing a combination of the security of knowing the maximum monthly cost for a set period with the opportunity to take advantage of any downward movement in the mortgage rates, this is a popular choice for many borrowers

Mortgage Endowment Policies

Advantages: The tax advantages of individual savings accounts allow you to receive tax-free returns

Usually calculated on a daily basis and added to the loan either monthly, quarterly or annually

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