Annual Percentage Rate Explained
Annual Percentage Rate is also called APR.
Many believe that this figure tells you the most accurate cost of the loan. It is one of the figures that all mortgage lenders are compelled to provide in their figures.
In the simplest terms, the APR tells you the amount you will pay in interest charges per year, in percentage terms.
Property Articles
We hope you find this mortgage glossary / explanation of mortgage terms useful. You might also be interested in our articles on a range of property related issues, a selection of which are listed below:- Life Insurance
- Considering Location When Buying
- Repayment Mortgages
- Right to buy and mortgages
- Guarantor Mortgages
- Overseas property mortgages
- What to do at auction
- Bridging Loans and Mortgages
- Questions to ask when buying abroad
- Business Transfer Agent
- Home Information Packs explained
- Capped Rate Mortgages
- Mortgage Fees
- Remortgaging and equity release
- Renting Out a Room
