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They are more expensive than the lenders valuation

£200 to a percentage of the loan e

Disadvantages: Generally the rate will not be competitive in relation to the market

At least you then have the information regarding how the seller would rather proceed

A previous buyer will only be too happy to get some of the survey costs back

Choosing the correct survey Choosing the correct survey depends on the requirements of the lender and the property itself

However, most vendors are reluctant to take the hit on the full amount

This can be an indication of overpricing, adverse surveys or valuations and point to future difficulties in selling

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

Base Rate The standard rate of interest set by the Bank of England which all lenders generally follow.

These may include 100% mortgages or a range of fixed or capped rate mortgages (see Mortgage Guide) unavailable to non-first time buyers

The definition of income may also change from one mortgage provider to the next

Check it out and see how the neighbourhood is rated

Your solicitor will also be checking the exact description of the property and any title burdens

Stamp Duty You are required to pay a Government tax (Stamp Duty) on a property priced above £60,000

Lockout agreements and contract races Preferable at the time of offer try to ensure that the agent and the seller agrees that higher offers will not be entertained (gazumping)

Sewers and drainage

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