We keep things as jargon free as possible, here at White Mortgages, but some terms can’t be avoided.
We’ll take a look at some of the common terms that you’ll be hearing as you go through the mortgage process:
Mortgage
Lender
Deposit
Loan to Value (LTV)
Agreement in Principle (AIP)
Mortgage Application
Mortgage Offer
Valuation
Conveyancing Solicitor
Exchange
Completion
Life & Critical Illness Cover
Income Protection
Buildings & Contents Insurance
This is an overview of the terms that you’re likely to come across whilst you’re in the process of purchasing a property. However if there are ever any terms that you’re unsure of, our advisers and admin team will be able to answer any questions that you have.