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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| valuation report |
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This is carried out on behalf of the lender and is purely to find out the suitability of the property for lending purposes.
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| variable rate mortgage (vrm) |
| A mortgage where the interest rate is not fixed and which is dependent on influences such as interest rates on Treasury securities in the US or base rate in the UK.
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| vendor |
| A person or company selling goods and property. |
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