http://www.teletext.co.uk/finance/mortgages/default.aspxen-gbMon, 22 Jun 2009 10:51:20 GMThttp://www.teletext.co.uk/images/Logo64x64.gifhttp://www.teletext.co.ukBase Rate/BBR Bank of England Base Rate]]>Base Rate/BBR Bank of England Base Rate
Buy-to-Let Mortgage A mortgage over a property that someone else will pay you rent to live in.
Discounted (Disc) Mortgage A mortgage with an introductory interest rate, reduced from the lender's normal variable rate.
Fee A fee charged by the provider for setting up the mortgage. Valuation and legal fees are in addition.
Fixed Rate Mortgage The interest rate will be unchanged for a set period and won't go up or down with Base Rate.
LTV Loan to value limit. Percentage of property value to be lent.
Source: moneyfacts.co.uk

Data supplied by London & Country Mortgages

]]>7b73612d5f999043ea73e8090fca54bfhttp://www.teletext.co.uk/finance/mortgages/7b73612d5f999043ea73e8090fca54bf/Mortgage+Terms.aspxhttp://www.teletext.co.uk/finance/mortgages/7b73612d5f999043ea73e8090fca54bf/Mortgage+Terms.aspxPeriod How long the initial discounted or fixed rate lasts.]]>Period How long the initial discounted or fixed rate lasts.
Remortgage Switching your mortgage to a different lender.
Term The whole length of the mortgage until it is repaid in full or you move to another provider.
Tie-in The period of time within which the provider will charge you a penalty, should you repay the mortgage early.
Tracker Mortgage The rate you pay changes with Base Rate, so may go up or down.
Variable (Var) Rate Mortgage The rate the provider charges you may go up or down.
Source: moneyfacts.co.uk

Data supplied by London & Country Mortgages

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