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.
The rebuild cost is needed for home insurance and is the estimated cost of rebuilding your property in the event it is damaged or destroyed. This cost will be estimated when you get a property valued.
A remortgage is where you own a property with a mortgage with one lender and decide to change your mortgage to another lender without moving property.