Interest Rate Explained
Understanding interest rates is the key to mortgages and understanding how you can end up paying around double the mortgage amount over the lifetime of the mortgage.
This simply refers to the percentage rate at which the mortgage lender (your bank or building society) calculates the interest that they will charge you as the borrower for the mortgage.
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:- Legal Fees on a Mortgage
- Purchasing a Penthouse
- Commercial mortgage fees and repayments
- Guarantor Mortgages
- Home Information Pack Contents
- Contents Insurance
- Buying Old Property
- Mortgage Advisers Explained
- Making an offer on overseas property
- Steps in the Homebuying Process
- Bad Credit Mortgage
- Buying a New Build
- Renting Out a Room
- Current account mortgages
- Guide for First Time Buyers
