Temporary Buydown  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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Temporary Buydown

For borrowers who are in a difficult financial position at the start of their mortgage term, it may be possible to pay an up-front fee in exchange for a discounted rate of repayment for a set period of time. It is not uncommon for the seller to pay this up-front fee in order to secure the sale of their property.

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Typical Interest Payments

First Time Buyers

2.89%

Purchased Fixed

2.89%

Discounted Rate

2.99%

Buy To Let

2.99%

Commercial

3%

 

 

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Mortgage Glossary

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