Mortgage Jargon Buster.

Season 1, Episode 4,  Jan 14, 2019, 11:53 AM

In this episode Tom & Adam work through common jargon associated with mortgage applications and go into detail on the ins and outs of the mortgage application process.

The property and finance industry is known for using buzz words and jargon. We go through the alphabet to breakdown a series of terms.

Terms discussed:

  • Advance 
  • AIP / DIP / mortgage promise
  • APR
  • Bank base rate (BBR)
  • Capital & Repayment
  • Completion
  • Conveyancing
  • ERC
  • Fixed
  • Further Advance
  • Interest Only
  • KFI
  • LTV
  • Net Income vs Gross Income
  • Overpayments
  • Porting
  • Tracker
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