Bridging Loan - Short-term loan to bridge gap between property purchase and sale.
Affordability Assessment - Lender's evaluation of ability to afford mortgage payments.
Vendor - Person or entity selling the property. #Vendor #PropertySeller #HouseSale #mortgageadvice
Yield - Annual rental income as percentage of property value. #Yield #BuyToLet #propertyinvestment
Variable Rate - Interest rate that can change during mortgage term. #VariableRate #InterestRates
Valuation - Assessment of property value by qualified surveyor. #Valuation #PropertyValue #Mortgage
Tracker Mortgage - Mortgage rate that follows external rate (usually Base Rate). #TrackerMortgage
Survey - Professional inspection of property condition before purchase. #Survey #PropertyInspection
Stamp Duty Land Tax - Government tax paid when purchasing property above threshold. #StampDuty #SDLT
Standard Variable Rate (SVR) - Lender's default interest rate after fixed term ends. #SVR
Remortgage - Switching existing mortgage to new lender or deal. #Remortgage #BetterDeal #Switching
Portable Mortgage - Mortgage that can be transferred to different property. #Portable #MovingHouse
Overpayment - Additional payments made above required monthly mortgage payment.#Overpayment
Offset Mortgage - Mortgage linked to savings account to reduce interest charges. #OffsetMortgage
Negative Equity - When property value falls below outstanding mortgage amount. #NegativeEquity
Total duration of mortgage loan repayment period. #MortgageTerm #Repayment #Finance
Fixed rate deal ending soon?
Loan to Value (LTV) - Percentage of property value being borrowed through mortgage.
Interest Only Mortgage - Mortgage where monthly payments cover only the interest charges.
Ground Rent Regular - payment made by leaseholder to freeholder for land use.
Leasehold - Temporary ownership of property for fixed period, land remains with freeholder.
Freehold - Mortgaage terms explained - #shorts
Fixed Rate Mortgage Mortgage terms explained - #shorts
✨👉Equity - #Equity #PropertyValue #WealthBuilding - Mortgages explained #shorts
Early Repayment Charge (ERC) - #ERC #MortgagePenalty #Overpayment - Mortgages explained #shorts
✨👉Conveyancing - #Conveyancing #LegalWork #PropertyLaw - Mortgages explained #shorts
✨👉Completion - #Completion #PropertyPurchase #Moving - Mortgages explained #shorts
✨👉Capital - #Capital #MortgageLoan #Property - Mortgages explained #shorts
Base Rate - #BaseRate #BankOfEngland #InterestRates - Mortgages explained #shorts
Annual Percentage Rate (APRC) - #APRC #MortgageCosts #InterestRates - Mortgages explained #shorts
Agreement in Principle (AIP) - #AIP #MortgageApproval #HouseBuying - Mortgages explained #shorts
Happy Mother’s Day!
A picture is worth a thousand words #londonlife #londonproperty #londoninvestment
Myth #4 I need a full time permanent job to get a mortgage in the UK! #temporarycontract #mortgageuk
Myth #3 I am self employed for less than 2 years and won’t get a mortgage #selfemployed #mortgageuk
Myth#2 I wont get a mortgage with bad Credit history? #badcreditmortgage #ukmortgage
Inverted Protection Triangle #incomeprotection
Myth #1 I need a large deposit to get a mortgage in UK #mortgage #mortgageadviser
Mike and Ola. Albion
Major lenders slashing mortgage rates in UK #mortgageadviser #ukmortgage
Mortgage on Garden Leave in UK? #gardenleave #mortgageuk
Don’t overpay for your mortgage!
Average Property in the UK, earnings needed #mortgagebroker #affordability
100% Mortgages available in UK
Mortgage Tips: Getting a Mortgage in One Name When Married #mortgagetip #marriage #credithistory
Value for money, protect your loved ones. #valueformoney #protection #protectyourfamily #bawtrymike
Life’s big mysteries. @#bawtrymike @#mortgagemike #magicmike #mystery #mortgagebroker #mortgagetips
Does your criticall illness plan automatically update? #criticalillness #cic #insurance #life
X
About
Welcome, I am a mortgage broker with over 10 years of experience in the UK. My accent might be strange but the advice is client focused and I hope you will have a great experience.
Tags