|
Common
Mortgage Terms & Jargon (E)
A
| B | C
| D | E
| F | G
| H | I
| L | M
| N | P
| R | S
| T | U
| V
Early
redemption charges
A fee charged by the lender if you pay off all or part of
your mortgage before an agreed date or you move the loan
to another lender. These charges usually apply on fixed,
discounted, or cashback mortgages.
Endowment
A life assurance policy that is designed to produce a lump
sum to pay off an interest-only mortgage. There are
different types of endowments, for example,
'with-profits', 'unit-linked' and 'unitised with-profits'.
Equity
The amount of value in a property that isn't covered by a
mortgage - simply take the amount of the mortgage from the
valuation to work out the equity.
Equity
release
You take a new, larger mortgage, or increase a mortgage
you already have and use some or all of the extra money
you have raised for home improvements, holidays and so on.
Estate
agency fees
The amount the estate agent charges the person selling the
property. This is usually worked out as a percentage of
the sale price, and may be negotiable. On a 4% fee, the
estate agent selling the property for £60,000, would
receive £2,400.
Exchange
of contracts
The point where you and the person selling the property
sign and swap identical contracts that show the price and
what fixtures and fittings are being sold, as well as a
date when everything will be finalised. When you exchange
contracts the deal becomes legally binding, and if you or
the seller pull out before completion, you or they will
have to pay compensation to the other side.
Execution
only
The company selling or arranging an investment product
like a pension or PEP cannot and does not give any advice
on the benefits of the scheme - they simply sell the
product.
Extra
cover or accidental cover
This is insurance against damage to the structure of your
property and its contents - for instance, putting your
foot through the ceiling or spilling paint on the carpet.
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
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.
|
