Welcome to our Mortgage Glossary. Here you will find definitions for more commonly used mortgage terms, making the jargon clearer. If you're unsure of any words or phrases, simply use the guide below.
Your monthly repayment is the amount you will pay the lender each month for the mortgage. The amount you will pay will be confirmed by the lender and can change depending on your interest rate and the type of mortgage you have.
The mortgage term is the length of time over which you agree to pay back your mortgage.