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Most recent mortgage statement or a redemption statement from your lender

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

Until the arrival of flexible mortgages most, if not all, UK lenders were charging interest on an annual basis which meant that borrowers making over-payments were not getting the benefit straight away because it could be a year before the capital was reduced by the over-payment

It provides no benefit to you, it is for the lenders protection only

This method is designed to give you the opportunity to generate a cash sum sufficient to repay the outstanding mortgage capital at the end of the agreed term

First time buyers looking for security during the first few years of setting up home

Ability to benefit from rate cuts as they occur

Advantages: Generally, the rate charged will be lower than the variable rate applicable under a standard mortgage

The earlier you contact them, the more sympathetic they are likely to be

it may not appear on the mortgage Offer as Mortgage Indemnity Charge or High Percentage Lending Fee

However, try to include as much as possible in the negotiations

If you are mortgaging the purchase of your property then the lender will make it a condition that you take out their Mortgage Indemnity Insurance

Not only will an estate agent take you more seriously, but the seller will feel more comfortable and have more confidence that you are not time wasting

A fixed rate mortgage is suitable if your mortgage repayments take up a large proportion of your income as it protects you from any sudden and unexpected rises in interest rates

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

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