Tag: TERMS

TERMS

  • Mortgage glossary – our handy guide to understanding key mortgage terms

    1. Annual Percentage Rate of Charge (APRC): 2. Arrangement Fee: 3. Base Rate: 4. Buy-to-Let Mortgage: 5. Capital: 6. Conveyancing: 7. Early Repayment Charge (ERC): 8. Equity: 9. Fixed-Rate Mortgage: 10. Flexible Mortgage: – A mortgage that allows for overpayments, underpayments, and payment holidays, offering more flexibility to the borrower. 11. Interest-Only Mortgage: – A… Read more