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Jargon Buster

Common mortgage terms explained.

A

  • Annual Percentage Rate (APR)

B

  • Base Rate
  • Buildings & Contents Insurance
  • Buy-To-Let Mortgage

C

  • Capital & Interest Mortgage
  • Capped Rate Mortgage
  • Cashback Mortgage
  • Critical Illness Insurance
  • Current Account Mortgage (CAM)

D

  • Discounted Rate Mortgage

E

  • Early Repayment Charge
  • Endowment
  • Energy Performance Certificate
  • Equity
  • Equity Release
  • Evidence of Title

F

  • Fixed Rate Mortgage
  • Flexible Mortgage

H

  • Higher Lending Charge
  • Home Condition Report

I

  • Income Multiples
  • Income Protection
  • Individual Savings Account (ISA)
  • Inheritance Tax
  • Interest Calculation
  • Interest-only Mortgage

L

  • Letting Your Property
  • Life Assurance
  • Loan To Value (LTV)

M

  • Mortgage Payment Protection (MPPI)

O

  • Other Charges

P

  • Payment Protection Insurance
  • Permanent Health Insurance (PHI)
  • Portability

R

  • Redundancy
  • Repayment Mortgage

S

  • Sale Statement
  • Split Loan
  • Standard Searches
  • Standard Variable Rate (SVR)
  • Stamp Duty

T

  • Tracker Mortgage

V

  • Valuations & Surveys

W

  • Will
  • Email
  • Print
  • Facebook
  • +1

Got a question?

Speak to our friendly mortgage advisor Alex Groom on:

  • 01279 721706
  • 07796 271 801

Or email us for expert, impartial advice:

  • info@agamortgages.co.uk

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Looking for property in Herts or Essex?


Try Wright & Co, the family business in Sawbridgeworth that has been operating for over 30 years. Visit website

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Your home may be repossessed if you do not keep up repayments on your mortgage.

*The overall cost for comparison is 8.7% APR which is relation to someone with adverse credit. The actual rate available will depend on your circumstances. Ask for a personalised illustration.

Please note that Buy to Let, Commercial, Bridging Finance and Secured Loans are not regulated by the FSA.




There may be a £250 fee charged for mortgage advice although in many circumstances this will be waived. Being independent we also have a fee only option whereby we charge a 1% broker fee on the amount borrowed and any commission derived from the lender is rebated back to you.




AGA Mortgages is a trading name of Alexander Groom Associates. Alexander Groom Associates is an appointed representative of Mortgage Intelligence which is authorised and regulated by the Financial Services Authority (FSA registration number 305330). Registered Office: Roddis House, 12 Old Christchurch Road, Bournemouth, Dorset, BH1 1LG.

+44 (0)1279 721706 | info@agamortgages.co.uk

© 2012 AGA Mortgages | Website produced by eSanctuary

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