Mortgage payment protection insurance mppi. Choosing a mortgage what can you afford? Term assurance: this insurance repays the mortgage in the event of the insured person's death. Also known as: repayment mortgage. Mortgage glossary - index 'f.

Mortgage glossary - index 'a. Your home may be repossessed if you do not keep up repayments on a mortgage. Endowment: a repayment vehicle associated with interest only mortgages. Your home may be repossessed if you do not keep up repayments on your mortgage. Remortgage - replacing a mortgage with a new one from your existing or a different lender , without moving home. The badcreditremortgage process is virtuallyby applying for a badcreditremortgage.

Pension: a repayment vehicle associated with interest only mortgages. We can help you through the maze of jargon with our easy- to- use mortgage glossary. Mortgage glossary - index 's. Many traditional i. E. Non- flexible mortgages include early repayment charges if overpayments are made within a set period. Choose another article: intro what are mortgages?

If the intermediary receives more than £250 they are obliged under the mortgage code to disclose to the borrower the exact amount they received. Buy- to- let mortgage: a special mortgage for a property that will be let to tenants. With a capped rate mortgage your monthly repayments can reduce but they can't increase beyond the agreed capped rate. A flexible mortgage could allow you to pay off your mortgage early or make overpayments, or underpayments, for example. Insolvency practices. You know where you are with this type of mortgage.

Mortgage rates - best uk capped rate mortgage rates - mortgage 'best buy' tables. You know where you are with this type of mortgage. Overpayment - higher or extra mortgage payments that you make usually to pay off your loan or mortgage early.

Libor- linked mortgage: this is a variable mortgage that is either above or below the london inter- bank offered rate by a set percentage within a set period. Not all mortgages feature these charges. Contracted mortgage payment not made by the due date. Endowment: a life assurance policy with a savings and investment element, classically sold to back an interest- only mortgage. Personal equity plan pep : a repayment vehicle associated with interest only mortgages. Quick quote frequently asked questions mortgages & homes help first- time buyers property ladder mortgages explained which mortgage?

This will help you compare mortgages more easily - for example, a five- year fixed rate compared with a five year discounted rate. Savvy homebuyers keep an eye on mortgage rates and switch to better deals when it makes sense to do so. Pay off your mortgage in 2 years bbc. You can filter out the mortgage deals that don't pay your legal fees. Loan to value ltv : a percentage figure indicating the size of the mortgage on a property in relation to its value. Mortgages offer by far the best long- term interest rates of any loan because they are very low risk for the lender. With a cappedratemortgage you pay the standard variable rate. In addition, many flexible mortgages allow borrowers to.