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Additional
Information |
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Is
it a realistic possibility that you may repay some
or all of your new mortgage within the forseeable
future (say within 5-7 years)? |
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Approximate amount £
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Are
you likely to move home for any reason within the
foreseeable future (say within 5-7 years other than
you current purchase)? |
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Is
it important to you to put an upper limit on your
mortgage costs in the early years? |
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For
lower costs now, would you be prepared tp pay more
at a later date e.g. low initial rate then returning
to variable rate? |
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Do
you want to fix your mortgage payments for a certain
period bearing in mind costs may rise after the fixed
term, if rates have risen? |
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If
"Yes" how long would you want the mortgage fixed for? |
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1-2 years
3-5 years
Longer i.e
years |
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Do
you require a contract with cash back to help with
certain expenses ( the cash back may be repayable
should you repay or move your mortgage in the early
years)? |
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Do
you require a discount on your mortgage costs in the
first few years (the discount may be repayable should
you repay or move your mortgage in the early years)?
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Over what initial period
years |
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In
order to secure a particular mortgage, would you be
prepared to pay an arrangement fee? |
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If yes how much? £
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Do
you wish to consider a twin plan option? |
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Do
you wish to look at any of the following that will
provide extra security for your mortgage? If "Yes",
please indicate which below: |
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Buildings
and Contents Insurance |
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Most
lenders only require the property itself to be insured.
However, it is recommended that you have both. Do
you wish to: |
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a)
Arrange your cover via the lender
or b) Another source, in which case the lender may
require a fee to note the insurer on their records.
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The
Financial Services Authority do not regulate some
forms of Mortgage.
Your home may be repossessed
if you do not keep up payments on your mortgage.
There will be a fee for mortgage advice;
this will be a combination of fee and commission.
The precise amount will depend upon your circumstances,
but we estimate that it will be 0.5% of the loan amount.
Example: a £150,000 mortgage charged at 0.5%
would equal £750. |
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