Credit Score – Mortgage Glossary

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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Often attached to the credit report, there is a numerical score given to asses the individual’s credit rating. There are several commonly used scales which are used as a simple way to categorise an individual’s credit worthiness.

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

Mortgage Glossary

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A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

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