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Mortgage Jargon Buster
mortgagemotorway.com have compliled an a - z of mortgage jargons used in this sector they explain products, services and general terms used to help you understand mortgage and finance products. If you would like further assistance please feel free to contact a member of the team.
Advisor Direct: Miss Patsy Morris
Telephone: 0845 121 3155
Mobile: 07786 968 118
Email Direct: pmorris@mortgagemotorway.com
Select your mortgage term from our A - Z list below:
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
Higher Lending Charge
A fee charged by lenders when the loan-to-value (LTV) ratio on a borrower's property is above a certain level, typically 90%.
Holiday Home
A second property that is used for holidays and weekends rather than as a main residence. Lenders will typically charge a higher rate, or demand a larger deposit, on mortgages for a holiday home.
Home Buyer's Report
A type of property survey that is more comprehensive than a mortgage valuation but less extensive than a full structural survey.
Home Buyer's Valuation Fee
The fee charged by a surveyor for producing a Home Buyer's Report.
Household Insurance
See "Buildings Insurance" and "Contents Insurance."
