Jargon Buster - Definition of Mortgages

Please select your letter of choice below to see the list of terms:

Mortgages

are loans that are taken out to pay for business and residential properties. Mortgages are usually offered by banks and building societies and can be set on a variety of repayment options. Mortgages are repaid over a term (number of years/months) and will include interest within the repayments.

There are a variety of mortgage repayments types including:

  • Interest Only
  • Capital Repayment
  • Base Rate Tracker
  • Capped Rate
  • Endowments
  • Fixed Rate
  • Offset Mortgages
  • Variable Rate

Please note that all definitions are intended for general guidance only. For official and current definitions you should always double check your policy wording.

If you are in doubt of the meaning of any terms, why not email us on info@topquoteuk.com

The Financial Conduct Authority does not regulate trusts.

The Financial Ombudsman Service is available to sort out individual complaints that clients and financial services businesses aren't able to resolve themselves. To contact the Financial Ombudsman Service please visit www.financial-ombudsman.org.uk.