Mortgage Glossary
Build up your knowledge by using our
mortgage glossary, here to help you
understand the sometimes confusing terms
used to describe mortgages and other
financial related products. We have
laid out our glossary in an easy to use A-Z
Format. If you have any additions you would
like to see, please feel free to contact us
with your ideas. If you are looking for
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loans, please visit
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| refused a mortgage |
| Many business's are refused a mortgage due to a number of reasons, no accounts, need more than 80% LTV , Buy to Let, CCJ's bankrupcy and many more. People who have been refused by the banks can then (More) |
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| remortgage |
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Mortgaging a property the client already owns, usually replacing an existing mortgage. They can remortgage to obtain lower monthly payments, or if they have sufficient equity in the property, to r (More) |
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| rent |
| Regular payment by a tenant to an owner for the use of his/her land or buildings.
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| repayment mortgage |
| A mortgage where throughout the term, regular payments (usually monthly) are made to partly repay interest on the capital and to partly repay the capital itself (the amount of the loan).
Initially (More) |
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| retention |
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An amount kept back from the mortgage by the lender until certain works or other requirements to the property are complete.
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