Interest Rate – 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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A percentage denomination of how much interest is being paid on a monthly basis, for example, a rate of 6% per annum means 0.5% a month.

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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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Mortgage Glossary

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