Jargon Buster

To help you navigate through the sometimes confusing language of home finance we have translated, into plain English, some of the most common and often confusing terms you may come across!

• APR
• Arrangement Fees
• Bad credit history mortgages
• Bank of England Base Rate
• Bridging Loan
• Buy To Let
• Capital and Interest
• Capital Repayment
• Capped Rate Mortgage
• CAT Mortgage(Charges Access Terms)
• Commercial Mortgage
• Completion
• Conveyancing
• Decreasing Term Assurance
• Deposit
• Disbursements
• Discount Rate
• Early Repayment Charge
• Endowment Assurance
• Endowment Mortgage
• Equity
• Exchange of contracts
• First Time Buyer mortgage
• First Time Buyer
• Fixed Rate
• Freehold
• Gazumping
• Higher Lending Charge
• Interest Charges
• Interest Only
• Leasehold
• Legal Fees
• Level Term Assurance
• MIRAS
• Mortgage Rate
• Mortgage
• Mortgagee
• Mortgagor
• Negative Equity
• Offer of Loan
• Pension Plan Mortgage
• Re-mortgaging
• Right-to-Buy Mortgages
• Searches
• Self build scheme
• Self certification mortgages
• Stamp Duty
• Subject To Contract
• Survey
• Term
• Title
• Title Deeds
• Tracker mortgage
• Transfer Deed
• Valuation
• Variable Rate

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Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.

We offer all our clients a free initial consultation after which a non refundable commitment fee of £95 will be charged with a further £250 payable on completion based on individual client circumstances. We also offer a fee only option whereby we charge a 2% broker fee on the amount borrowed and any commission derived from the lender is rebated back to the client.

The overall cost for comparison is 7.9% APR

Riverside Mortgages Ltd is registered in England and Wales. Registration Number: 5978086