A fee which is charged by the lender to cover administration costs to set up the mortgage plan.
- Lenders Standard Variable Rate
The normal interest rate charged by the lender on mortgages without discounts or deals.
The LTV or loan to value ratio is the value of the loan you take out minus the value of the property as a whole. It is expressed in the form of a percentage to better understand the ratio.
The proposed period or tenure in which the mortgage deal lasts for.
A repayment mortgage is a home loan where you repay a bit of the capital, which is the amount you borrowed, along with some interest each month.
A mortgage deal in which the interest rate is linked to the base rate, which can easily go up and down.
A fee is charged by the lender for a basic inspection of the property. The valuation report is solely for the lender’s benefit. It is used for the assessment of the property’s security mortgage.
Please note that these mortgage services are provided by Care4Mortgages which is a trading style name of Mian Asif Zubair who is an Appointed Representative of Ingard Financial Limited which is authorised and regulated by the Financial Conduct Authority 450731. DPA number Z1092956.
Mr. Zubair is a qualified mortgage broker holding the qualification of CeMAP with FCA number 814367.