Affordability

Mortgage Glossary

Below is an A-Z glossary of general terms used within the mortgage industry. Click on any term to view a detailed explanation. Use the alphabet below to navigate quickly to a term beginning with:



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Affordability


Affordability is a measurement of how much the consumer can afford to pay for a property, based entirely upon the amount of the mortgage that could be obtained and the monthly repayments.

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Typical Interest Payments

First Time Buyers

2.89%

Purchased Fixed

2.89%

Discounted Rate

2.99%

Buy To Let

2.99%

Commercial

3%

 

 

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Read about general questions asked by brokers and lenders and the best ways to answer...

Mortgage Glossary

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