Purchasing a property is not merely just a case of buying bricks and mortar - it’s also a statement that you are ready to make a mature financial commitment towards your future and make a home for yourself or your family.
But how can you achieve this? Whether you are buying your first property or moving home, it can be both confusing and a veritable minefield, so it’s essential that you go into the process with as much information as possible.
It may be that your current mortgage rate is coming to an end and you are looking to remortgage onto a better deal or release extra funds.
To help you we have outlined some of the common terminology used below.
*As a mortgage is secured against your home or property, it may be repossessed if you do not keep up the mortgage repayments.