Another name for the mortgage loan.

This insurance covers the cost of repairing or rebuilding the structure of your property following such events as fire, explosion etc. It also generally covers some of the "permanent" fixtur [..]

A payment you receive on completion when you take out a "Cashback" mortgage.

This stands for County Court Judgement, and is a decision reached in the County Courts, normally for outstanding debt. CCJs appear on your credit records, and remain there for six years. Having CCJs r [..]

The formal end of the mortgage or remortgage transaction, when the money is handed over and legal formalities are dealt with.

As the name suggests, this type of insurance covers the contents of your home, ie, furniture, personal belongings etc against theft, and against accidental damage (if you ask for "Accidental Dama [..]

The legal process involved in buying and selling property.

This refers to how a lender calculates the interest it charges you for your mortgage. If a lender uses a "daily interest" calculation, this means that it bases its ongoing interest charges o [..]

The amount of money you put towards buying a property.

Various conveyancing costs incurred during the mortgage process which can include, for example, Stamp Duty, Land Registry Fees, Local Searches etc. These fees are usually collected by your solicitor.