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

Negative Equity

A situation in which the value of a property has fallen to below the level of the loan secured on it.

Net Profit

Relating to a self-employed person, net profit is income after running expenses and taxes have been deducted.

New Build

A newly built property.

No Capital Raising

Term used to describe a remortgage, which is exactly the same size as the mortgage it replaces.

No Income Verification

Situation in which a mortgage is taken out without the need for the borrower to prove income. See also Stated Income.

No/Low Fee Mortgages

A mortgage in which the usual fees - arrangement charges, booking fees and valuation fees - are either reimbursed to the borrower or paid by the lender. See also "Fees Free."

Non Contributory Pension

A pension scheme normally funded by an employer and into which an employee does not have to pay.

Non Status Mortgage

A mortgage that is offered without the need for the borrower to prove their income.