1. Watch out for the 'Deal Of A Lifetime', the deal that seems too good to be true. The company may be saving money by cutting back on their level of service.

2. When getting a fixed rate: get a written statement which details the interest rate, how long the rate is fixed for, and the conditions attached.

3. When interest rates fall: try and leave your repayments as they are. You will therefore be paying more than the minimum each month. You'll repay your loan much earlier. When rates rise again you may not have to change your payment.

4. Consider a fifteen or twenty year term. Try to pay off your mortgage quickly. Use a mortgage calculator with an amortization function, and see what's possible.

5. Keep your mortgage as small as possible. Aim for *comfortable* affordability.

6. Try not to 'churn' your mortgage. Each time you refinance you'll probably incur completion costs and non-refundable fees.

7. Beware of prepayment penalties. Many 'no fee' credit lines have a pre-payment penalty. This can be very expensive if you are planning to refinance or sell your house in a few years time.

You don't need to sign a mortgage agreement which contains any significant prepayment penalty, if you have good credit. One of the smartest things you can do with a mortgage is to prepay it.

8. Don't look for a home without being pre-approved. You will have much more negotiating power with the vendor, and may be able to save thousands of pounds.

9. Get a full, professional survey. Human beings can be perverse; happy to spend