Key Facts Illustration Explained
This is usually referred to with one of those frustrating three letter acronyms (annoying if you don't know what it means, at any rate!)
A Key Facts Illustration lets you see all the key details of a product, specifically with regard to the rates and fees for that particular product.
The key idea about this document is that each lender has to format the details in the same way so that customers can make a clearer comparison between the pros and cons of the products offered by different mortgage lenders.
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:- First Time Buyers
- Letting a Property
- Home Buying Milestones
- Remortgaging and equity release
- Relocation Agents
- Letting Property: Furnished or Unfurnished?
- Buying in a Village Might be a Good Investment
- West Country Property
- Guarantor Mortgages
- Costs associated with business premises
- Finding Commercial Property
- Lifetime Mortgage
- Property Auction Glossary
- Spain and NIE Numbers
- Tracker Mortgage Details
