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:
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.