|
Common
Mortgage Terms & Jargon (L)
A
| B | C
| D | E
| F | G
| H | I
| L | M
| N | P
| R | S
| T | U
| V
Leasehold
This is when you own the property for a set number of
years, after which it goes back to the freeholder. Most
flats in England are leasehold, and although most lenders
will lend on leasehold properties, they will demand that
there is a number of years left on the lease before making
a loan (this could be 60 years, but will depend on the
lender) .
Leaseholder
Someone who owns a leasehold property.
Let to Buy
Moving from your home but retaining the property to let to
tenants
Level
term assurance
Life assurance which pays out a lump amount if you die
during the term. The amount of cover stays the same
throughout the term, which makes the cover suitable for
interest-only loans because the amount you owe on the
mortgage stays the same until the end of the
mortgage.
LIBOR
London InterBank Offer Rate - the interest rate banks set
for lending money to each other. The rate can be 7-Day and
set weekly or 3-Month and set in line with the financial
year quarters ie April\June\September and January.
Licensed
conveyancer
An alternative to solicitors, these people specialise in
the legal side of buying and selling property.
Loyalty
bonus
These are special schemes if you already have a mortgage,
that may provide reduced interest rates or fees, and even
services like removals.
LTV
Loan to value. This is the size of the mortgage as a
percentage of the value of the property or the price you
are paying for the property. (A £45,000 mortgage on a
house valued at £50,000 would mean an LTV of 90%.
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.
|
