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Basic variable
mortgage rate
Mortgage lender's standard rate of interest which may
be increased or decreased periodically by the lender depending
on prevailing economic conditions.
Bridging
loan
A temporary loan providing financial cover which allows
a purchaser to complete on the purchase of a new property
before selling the previous property.
Building
survey (formerly full structural survey)
A full inspection of the property, conducted by a chartered
surveyor, who then writes a detailed report including
any property defects. Suitable for any house, particularly
older properties and those which have been poorly maintained.
Also for properties which have been extensively altered
or extended, or any property you may wish to alter or
extend.
Buy to let mortgage
A type of mortgage specifically designed for people buying
a property with the intention of letting it out. |
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