Common Mortgage Terms & Jargon (B)

A | B | C | D | E | F | G | H | I | L | M | N | P | R | S | T | U | V

BBA
British Bankers Association. This is the trade organisation of the banks. 

Booking fee
A fee charged on application by a lender to cover administration cost and other costs 

Bonuses
These are payments that a life assurance company adds to a 'with-profits' endowment. Bonuses are usually made at the end of each year, and there may be a final (terminal) bonus when the endowment comes to the end of its term. This normally coincides with when you have to repay the mortgage. Bonuses aren't guaranteed and the amount awarded can change each year. However, once a bonus is made by the life company, they can't take it away. 

BSA
Building Societies' Association. This is the trade organisation of the building societies. 

Buildings insurance
This covers the cost of rebuilding or repairing the structure of the property. Lenders insist you have enough buildings insurance before they give you a mortgage. With leasehold properties, it is the freeholder's responsibility to arrange buildings insurance, although the freeholder will usually pass on the charges to the leaseholder. 

Buildings and contents insurance
This is combined insurance, which may be cheaper than one policy for buildings insurance and another separate policy for contents insurance. 

Buy-to-let
A mortgage for private landlords seeking to purchase property for letting to tenants.   

Committed to Excellence 

We always get the best deal for our clients including: 

• the best rates
• the most suitable terms
• no horrendous redemption penalties
• no selling of unnecessary insurance
• no hidden costs
• mortgages, re-mortgages, secured loans and personal loans

We are always available to discuss or advise you on your requirements, and a personal illustration of your new mortgage or re-mortgage is always given. We truly appreciate your visit to our web site. We trust you will find what you see and read both informative and helpful and we hope to hear from you in the very near future.

WE CAN ONLY HELP YOU IF YOU CONTACT US!

WE CAN ONLY HELP YOU... IF YOU CONTACT US
NEED TO TALK TO A HUMAN?
CLICK HERE - GO4 WILL CALL YOU BACK FOR FREE!!
The worst we can do, is match the best you've been offered.

Commercial | Residential | Buy To Let | Re-mortgages
NON Status & CCJ | Home Owner Loans | Self Build, Renovation & Conversion Mortgages
Equity Release Mortgage | Right to Buy Mortgage

Non Status Mortgage and Loan Finder | FREE Loan Status Checker

CLICK HERE - IF YOU'RE LOOKING 4 A NON STATUS HOME OWNER LOAN

YOUR HOME IS AT RISK IF YOU DO NOT KEEP UP PAYMENTS ON A LOAN SECURED ON IT

Whilst every effort has been made to ensure that the facts here are correct, no liability is accepted for any errors contained herein or for any loss resulting from actions taken. 

Unless stated all loan and mortgage products are intended for people living in the United Kingdom. Specifically: UK non status mortgages, UK commercial mortgages, UK buy to let mortgages, UK remortgages, UK residential mortgages, UK self build mortgages and UK home owner loans.