Jargon Buster

A B C D E F G I J L M N O P R S T U V Y

An amount of money advanced by a lender on the security of a property and repayable over a long period of time.

A person who advises on the types of loans available and assists any subsequent application.

The legal document that confers ownership or title to a property.

Insurance designed to pay your monthly mortgage for a period, if you are unable to work for reasons beyond your control.

The interest rate quoted by mortgage lenders.

The time over which a mortgage loan must be repaid.

The lender of a mortgage (i.e. bank or building society).