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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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Amount Financed

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Amount Financed

This is the amount of the mortgage that is actually going towards the purchase of the property. For example, if the total amount borrowed was £120,000 and the fees were £6,000, the amount financed is £114,000. Caution should be exercised when looking at the amount financed figure as this can be used to hide large fees which will still, of course, have to be paid.

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