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:
In the case of a borrower who has a poor credit rating, it may not be possible for them to take a mortgage with a standard retail lender. There are mortgages available to these individuals through specialist lenders. A borrower who needs to use these facilities is called a sub-prime borrower.