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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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Rent Premium

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Where a borrower is in a property on a lease to buy option they will be paying a monthly rental for the lease and a rent premium above the monthly rent which will be used to offset against the purchase price if the purchase option is taken.

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