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Mortgage Types :
Mortgage Companies :
Building Societies :
Loans :
Loan Companies:
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| Listed below are general Mortgage-related terminologies and their meanings. Click on the alphabet to view the list of terms starting with that letter. |
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Financial Services Authority (FSA): It is the governing group of the financial services industry of UK. The FSA is controlling the management of mortgages, as well as every lender and the mortgage mediators. They have to be sanctioned straight and controlled by FSA, or it is necessary to be a hired agent of an approved firm.
- Fixed rate mortgage : This mortgage involves the payment of interest rates, which is fixed for a particular time. Afterwards, it usually relapses to the variable rate.
- Fixtures and Fittings : It includes the entire non-structural things within the property purchase.
- Flexible Mortgage : A deal for allowing a mortgage borrower to make and accumulate overpayments and with these you can have another loan, get payment holidays or make lower payments for a few months.
- Freehold : It is a legal title for bestowing on you entire rights for the land in your property.
- Full Structural Survey : This survey checks the complete chief attributes of a property comprising of foundations, roof, walls, joinery, plumbing, drains, electrical wiring and garden.
- Further Advance : An extra loan in addition to your current mortgage is issued, following the conclusion of major mortgage that is also acquired against your property.
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