Thanks guys, the guy I bought it from said he maintained it very well and it came out of its MOT the day I collected it and it passed with minor advisories ( nothing engine related).
Yes it does, normally motorway - or highway ( I'm guessing some of you guys are American) speeds, I can only best describe it as like a cough, the car still drives but its really irritating!
Well thanks a lot guys for your help so far, I'll get changing the suggested items and see if that makes a difference (hopefully it does)!!