Mortgage Glossary

Please select any item from our mortgage glossary.

A

Added To Loan
Additional Security Fee
Administration Fee
Advance
Agricultural Restriction
Annual Percentage Rate (APR)
Annuities
Apportionment
Arrangement Fee
Arrears
Authority to Inspect the Register

B

Base Rate
Beneficial Owner
Booking Fee
Bridging Loan
Building Societies Association (BSA)
Building Society
Buildings Insurance - rebuilding cost
Buildings Insurance - risks usually covered.

C

Calculating Rebuilding Cost
Capital and Interest Mortgage
Capped Rate Mortgages
Cash Back
Charge
Charge Certificate
Chattels
Chief Rent
Collateral security
Completion
Conditional Insurances
Contents Insurance
Contents Insurance - what’s usually covered
Contract - Housebuying
Contract Race
Conveyancing
Conveyancing Fee
Council Tax
Council of Mortgage Lenders (CML)
Covenant
Credit Reference Agency

D

Deed
Deferred Interest Mortgage
Deposit
Discounted mortgages (low start)
Draw Down Facility

E

Early repayment charge
Easement
Endowment Mortgage
Endowments- Consumer aspects
Equity (housing)
Essential Repairs
Exchange of Contracts (England & Wales only)
Exchange of contracts
Existing Liabilities

F

Feuhold
First Time Buyers
Fixed Rate Mortgages
Fixtures
Flexible Mortgage
Flying Freehold
Foreign Currency Mortgage
Form 53
Freehold
Further advance

G

Gazumping
Gazundering
Geographical Restrictions
Ground rent
Guarantor

H

Higher Early Repayment Charge
Higher Lending Charge
Home Buyers Report
House price surveys

I

ISA mortgage
Income Multiples
Interest Only Mortgages

J

Joint Tenants

L

Land Registry
Land Registry Fee
Landlord’s Reference
Large Town Allowance
Leasehold
Libor-linked mortgage
Loan to Value (LTV)
Local search
Low Start Mortgages

M

Mortgage (Overview)
Mortgage Guarantor
Mortgage Indemnity Guarantee (MIG)
Mortgage Offer
Mortgage Protection Policy
Mortgage Term
Mutual Membership Terms

N

NHBC Buildmark Warranty
Negative Equity
Non-Status Mortgage

O

Overpayment

P

Pension mortgage
Portable Mortgages
Principal
Private treaty

R

Redemption
Regional Lenders
Registered Title
Regulated mortgage contract
Remortgage
Rent-a-Room Scheme
Repayment Mortgages
Reservation Fee
Restrictive covenant
Reversionary home income plan

S

Searches
Second Mortgage
Self-Certification
Shared Equity
Shared Ownership
Stamp Duty (Housing)
Structural Survey
Subject to survey & contract
Subsidence
Subsidence - What Surveyors Look For
Subsidence - warning signs
Surveyor

T

Tax Free Cash Sum
Tenant
Tenants in Common
The Financial Ombudsmen
Title Deeds

V

Valuation (homebuying)
Variable Rate Mortgages

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