IT Contractor Mortgage Glossary
A
Advance
Adverse Credit
Affordability
Applicants
APR - (Annual Percentage Rate)
Arrangement fee
Arrears
B
Bank of England Base Rate
Building Society
Building survey and valuation
Buildings Insurance
C
Capital and Interest Mortgage
Charge
Completion
Conveyencer
Credit Scoring
D
Daily interest
Debt Consolidation
Deeds
Deposit
Disbursements
E
Early Repayment Charge
Eligibility
Equity
Exchange of contracts
Expenditure
F
Financial Services Authority (FSA)
First time Buyer
Fixed rate mortgage
Freehold
G
Ground Rent
Guarantor
H
Home Contents Insurance
I
IDD / Initial Disclosure Document
Income
Interest Only Mortgage
K
Key Facts Illustration (KFI)
L
Leasehold
Life Assurance
Loan to Value (LTV)
M
Mortgage Offer
Mortgage Term
N
New build
NHBC -National House Building Council
O
Ombudsman
P
Proof of deposit
R
Remortgage
S
Stamp Duty
Survey and valuation
T
The Credit Crunch and the UK Mortgage Market
Transfer of Equity
V
Valuation
Valuation Fee
Valuation only







