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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

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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

5.94%

Purchased Fixed

6.45%

Discounted Rate

5.95%

Buy To Let

6.29%

Commercial

7.55%

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