Glossary

Mortgage terminology, explained in plain English.

Use the glossary when product pages, lender criteria, Decision in Principle notes or conveyancing emails start using shorthand that makes the rest of the process harder to follow.

Mortgage Types

Core product structures such as fixed, tracker, offset, repayment and interest-only mortgages.

Rates & Fees

Key mortgage terms grouped into a more useful section of the glossary.

Buying Process

Offer, conveyancing, exchange, completion and the practical terms that appear during a purchase.

Affordability

Borrowing capacity, deposit structure, LTV, income multiples and other application-stage concepts.

Investment

Key mortgage terms grouped into a more useful section of the glossary.

Government Schemes

Shared Ownership, Lifetime ISA, Help to Buy legacy terms and other scheme-specific language.

Mortgage Types

Core product structures such as fixed, tracker, offset, repayment and interest-only mortgages.

Mortgage Type Terms

Plain-English explanations of the mortgage types and rate structures that shape monthly payments, deal risk and how the loan is repaid.

Rates & Fees

Browse the terms in this section of the mortgage glossary.

Mortgage Rates and Fees Terms

Plain-English explanations of the mortgage pricing terms that matter when you compare deals, from APRC and introductory rates to valuation costs and exit charges.

Buying Process

Offer, conveyancing, exchange, completion and the practical terms that appear during a purchase.

Home-Buying Process Terms

Plain-English explanations of the property-buying terms that matter once you start offering on homes, instructing a solicitor and moving towards exchange and completion.

Affordability

Borrowing capacity, deposit structure, LTV, income multiples and other application-stage concepts.

Affordability and Borrowing Terms

Plain-English explanations of deposit, LTV, loan-to-income ratios, affordability checks and other mortgage terms that shape how much you may be able to borrow.

Investment

Browse the terms in this section of the mortgage glossary.

Property Investment Terms

Plain-English explanations of the property-investment terms that matter when you compare rental income, tax, mortgage structure and sale proceeds.

Government Schemes

Shared Ownership, Lifetime ISA, Help to Buy legacy terms and other scheme-specific language.

Home Ownership Scheme Terms

Plain-English explanations of the government-backed schemes, tenant-purchase routes and legacy Help to Buy products that still appear in UK home-buying decisions.

Need the numbers as well as the definitions?

Once the terminology is clear, move to the calculators and guides that help you apply it to a real mortgage decision.

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