CHAIN
A property chain is a series of connected property transactions that are dependent on each other in order for the transactions to be completed. ...
CAPPED RATE MORTGAGE
This is a variable mortgage product, either a tracker or discount rate, which has a maximum ceiling interest rate. The maximum rate chargeable will ...
CAPITAL AND INTEREST MORTGAGE
See Repayment Mortgage and/or Mortgage Types.
BUY TO SELL MORTGAGE
A buy to sell mortgage is a short term mortgage that is suitable for property investors and developers who want to ‘fix and flip’.
BUY TO LET MORTGAGE
A loan designed specifically for landlords to purchase a residential property they wish to rent out. These buy to let mortgages are generally set ...
BUY TO LET
A residential property bought with the sole intention of letting it to tenants on a long term basis. See our Buy to Let Guide ...
BRIDGING LOAN
A bridging loan is a short-term loan designed to help the borrower to buy property for a short period, for example, before they have ...
BREAK CLAUSE
A break clause is a provision in a lease that allows either the landlord or the tenant to terminate the lease before the end ...
BASE RATE
The Bank of England Base Rate (BBR) is set by the Bank of England (BOE) Monetary Policy Committee and is reviewed eight times a ...
AUCTION FINANCE
Auction finance is a type of bridging loan that is used to buy properties at auction. The properties can be commercial or residential and don’t even need ...
ASSURED SHORTHOLD TENANCY (AST)
An assured shorthold tenancy (AST) is a type of tenancy agreement that is commonly used for residential rental properties in the UK. ASTs are ...
ARREARS
If someone is in “mortgage arrears” this means that they have failed to meet their contractual obligations in relation to their loan; in simple ...
ARRANGEMENT FEE
A mortgage arrangement fee is a fee that is charged by a lender to cover the administrative costs of setting up a mortgage. The ...
ANNUAL PERCENTAGE RATE (APR)
APR, or annual percentage rate, is a measure of the cost of borrowing money. It is expressed as a percentage and takes into account ...
AGREEMENT IN PRINCIPLE (AIP)
An Agreement in Principle (AIP) is a statement from a lender indicating that, based on the information provided by the borrower, they are likely ...
