Mortgages Glossary

A, B, C, D, E, F, G, H, I, J, K, L, M, N, O, P, Q, R, S, T, U, V, W, X, Y, Z

Click on the letter or the term you wish to have defined. You will them be take to a page with an explanation for what the term means

A - Accident, sickness and unemployment insurance to Authority to Inspect the Register

• Accident, sickness and unemployment insurance
• Added to loan
• Additional security fee
• Administration fee
• Advance
• Agricultural restriction
• Annual Percentage Rate (APR)
• Annuity Mortgage
• Apportionment
• Arrangement Fee
• Arrears
• Authority to Inspect the Register

B - Base Rate to Booking Fee

• Base Rate
• Beneficial Owner
• Booking Fee

C - Cap and Collar Mortgage to Covenant

• Cap and collar mortgage
• Capital and Interest Mortgage
• Capital Raising
• Capped Rate mortgage
• Cashback mortgage
• Charge
• Charge Certificate
• Chattels
• Chief Rent
• Collateral security
• Conditional Insurance
• Conveyancing
• Covenant

D - Deed to Draw Down Facility

• Deed
• Deferred Interest Mortgage
• Deposit
• Discounted Rate mortgage (low start)
• Draw Down Facility

E - Equity to Existing Liabilities

• Equity
• Exchange of Contracts (England & Wales only)
• Existing Liabilities

F - Feuhold to Further Advance

• Feuhold
• First Time Buyers (FTB or FTP)
• Fixed Rate
• Flexible Schemes
• Flying Freehold
• Foreign Currency Mortgage
• Form 53
• Freehold (England & Wales)
• Further Advance

G - Gazumping to Ground rent

• Gazumping
• Ground rent

H - Higher Early Repayment Charge to Home income plan

• Higher Early Repayment Charge
• Higher Lending Charge
• Home Buyers Report
• Home income plan

I - Income Multiplier to ISA mortgage

• Income Multiplier
• Indemnity Premium
• Initial Interest
• Insurance Guarantee premium
• Interest Only Mortgage
• ISA mortgage

J - Joint Tenants

• Joint Tenants

L - Land Registry to Low Start Mortgage

• Land Registry
• Land Registry Fee
• Leasehold (England & Wales)
• Legal Completion
• LIBOR Linked Mortgage
• Loan to Value (LTV)
• Local search
• Low Start Mortgage

M - Mortgage to Mutual Membership Terms

• Mortgage
• Mortgage Indemnity Guarantee (MIG)
• Mortgage Guarantee Premium
• Mortgage Offer
• Mortgage Protection Policy
• Mortgage Term
• Mortgage Valuation
• Mutual Membership Terms

N - Negative Equity to Non-Status Mortgage

• Negative Equity
• Net Monthly Payment
• Non-Status Mortgage

O - Overpayment

• Base Rate

P - Part Endowment to Private treaty

• Part Endowment
• Pension mortgage
• Portable
• Principal
• Private treaty

R - Redemption to Retention

• Redemption
• Redemption Penalty
• Regional Lenders
• Registered Title
• Remortgage / remortgaging
• Repayment Mortgage
• Reservation Fee
• Restrictive covenant
• Retention

S - Second Mortgage to Surveyor

• Second Mortgage
• Shared Equity
• Shared Ownership
• Stamp duty
• Structural Survey
• Subject to survey & contract
• Subsidence
• Surveyor

T - Tenant to Title Deeds

• Tenant
• Tenants in Common
• Title Deeds

V - Valuation to Variable Rate Mortgages

• Valuation (homebuying)
• Variable Rate Mortgages