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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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Buy To Let

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A mortgage that is specifically for borrowers looking to purchase the property and to rent it out to cover the repayments. With this type of mortgage, the lender generally tends to look at the income from the property rather than the income from employment.

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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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