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Take note of the neighbours - Do they have overlooking views? Do they have pets, or caravans that may end up being a nuisance? Accept a tour by the owner or agent

Buildings survey Also known as a structural survey

Liaises with relevant parties and negotiates a date for completion

Booking fees are often non-refundable, so if the mortgage applicant cancels the mortgage application before completion the fee will not be reimbursed

When lenders quote their APRs they will state whether these are typical or whether they are set at one rate for all successful applicants, regardless of the risk they present

Listing all the contacts involved in the move

This may significantly increase the chances of your offer being accepted

Title searches at the Land Registry will also be carried out

For more information please see:: Dealing with adverse valuations Recently built homes Most new houses have a National House Building Council (NHBC) Certificate

c) A combination of the above

FIXED CAPPED DISCOUNT VARIABLE Fixed Rate Mortgage

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

Insurance Lenders will insist that the property is adequately insured, with a suitable Buildings Insurance Policy, as it represents security against the mortgage debt

Ask about the reason for the sale

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

For more information see: Searches - what they should highlight Land registration The Land Registration fee will cost from £40 to £800

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

It is also worth pointing out that historically the returns on endowment policies have been pretty good (provided they go full term)

This is usually linked to the amount of cashback provided

Obtains the title deeds, which are normally held by the building society and asks you to fill in a detailed questionnaire

The money may only be drawn from a pension policy when the policyholder reaches retirement age

The area of self-certification mortgages is a relatively new one which is proving popular due to the changing working environment

Whereas in Scotland, the survey is completed before making a formal offer

6 months interest or repayment of the amount of benefit received, be it cashback or reduced interest

Another form of insurance common in the mortgage industry is a Mortgage Payment Protection Plan

Advantages: The potential reduction in your level of borrowings means that over the entire term of your mortgage substantial savings can be made on your overall mortgage payments, or you may be able to pay the mortgage off early

Normally a lender will ask you to establish a repayment vehicle for the loan at the outset although this is not always the case

Cashback mortgage A Cashback mortgage provides you with an amount of cash upon commencement of the mortgage

In the past some lenders have made their insurance compulsory with some very competitive mortgage products although this is less common now

Individuals on a tight budget expecting wage increases over the first few years of the mortgage

Title Deeds Title Deeds consist of a pack of legal documents, which a lender holds for the duration of the mortgage as security against the loan. The documents include who owns the legal title to the property and land, the results of solicitors’ searches and a map of the property with the legal boundaries defined.

Tracker Mortgage A Tracker Mortgage is linked to a benchmark interest rate, such as the Bank of England base rate. This is usually only for a set period of time. The rate you pay moves up and down in line with the benchmark selected. At the end of the set period, the Standard Variable Rate normally applies

If a redemption fee does apply, all is not lost

There is no reason, as far as legal procedures are concerned, why this cannot be quicker

This policy is designed to offer income protection against unemployment, sickness and redundancy