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