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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
Underpayment
Situation where repayments are reduced so that the mortgage is not repaid by the end of the agreed term. Some mortgages (flexible mortgages) allow for a specified level of underpayment.
Unencumbered
A property that has no loans or borrowings secured on it.
Unit Linked
A type of life insurance in which the value of the policy is backed by investment in shares, either through the life company or the life company's unit trust.
Unitised with Profits
A version of a With Profits investment vehicle that seeks to reduce the peaks and troughs of stock market fluctuations.
