Frequently Asked Questions

Q. Is it possible to sell a property while there is still a mortgage?

A. Yes.  You can always redeem a loan early by paying it back out of the sale price.  Sometimes there are financial charges for repaying early.   Some mortgages are “portable”. That means you can sell the house and transfer the mortgage to another property.

Q. After what period of time can a mortgage be repaid?

A. At any time during the mortgage but see one above.

Q. What are the costs related?

A. Early (repayment) redemption penalties are usual with a fixed, discount or capped rate mortgage.  Your mortgage illustration and offer will give details.

Q. Can I overpay my monthly mortgage payment?

A. Usually yes but you need to check if you have a maximum amount you can overpay per annum.

Q. Am I required to have a deposit?

A. Not always, depends on individual circumstances, seek independent mortgage advice please contact us.

Q. Could I get a 100% mortgage?

A. Depends on individual circumstances, seek independent mortgage advice please contact us.

Q. Can I check how much I can borrow?

A. Yes you always can.  But different lenders have different lending criteria, and how much you can borrow depends on individual circumstances and who the lender is.  You can get exact figures from independent advisers. Please contact us.

Q. What would my monthly mortgage payment be?

A. Depends on type of mortgage, rate and term.  For an indication see mortgage calculator below but you seek independent mortgage advice please contact us.

Q. What are you required to insure when buying a house?

A. Lenders insist on Buildings Insurance and also advisable to take Contents other insurances are advisable and you should seek independent advice please contact us.

Q. Insurance – what is advisable?

A. Various insurances are available including life, accident, sickness and unemployment to name a few, you should seek independent advice please contact us.

Q. Fees – what fees do I need to pay?

A. Various fees – survey/valuation fee, solicitor fees, and lenders fees will depend on mortgage amount, lender and value of property.  Details can be given when you have an indication of how much you wish to borrow please contact us.

Q. How much do these cost?

A. Depends see 11 above.  Details can be given when you have an indication of how much you wish to borrow please contact us.

Q. Can these fees be added to mortgage, if yes which ones?

A. Sometimes depends on individual circumstances please contact us.

Q. Do I need to survey a property?

A. Yes the lender will require a valuation of the property which you pay for.

Q. How long do the formal procedures take?

A. Usually 4 to 8 weeks.

Q. Is the proof of residency document issued by the Home Office required?

A. No, it is not. Possession of the document is not insisted on by most lenders. Although having the document can help you, as it is additional proof of your identity and of your current address.

Q. How can you as a Caesar and Howie employee help me in the house buying process?

A. As we have Polish staff that have been through the process they will be able to alleviate any of your fears in the purchasing process.  It is not nearly as difficult as it seems when you have good advice.

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