Jargon Buster
-
What is a Gifted Deposit?
Read more: What is a Gifted Deposit?You family or friends may be willing to gift you money to help with the deposit towards purchasing a property. The lender will want to ensure this gift is not being loaned to you, and the person giving you the deposit will not retain any interest in the property. Typically a lender will want a…
-
What is a deposit?
Read more: What is a deposit?A deposit is the amount of money you are using to purchase a property alongside the mortgage. A higher deposit will mean a lower loan to value which will mean you maybe able to get a lower interest rate for your mortgage
-
What is an AIP?
Read more: What is an AIP?An Agreement in Principle (or Decision in Principle) is the first step towards having your new mortgage approved. You will need to confirm to the lender your income, outgoings and what you require from your mortgage. The lender will use this information to assess whether the mortgage is affordable and also complete a credit check.…
-
What is a mortgage?
Read more: What is a mortgage?A mortgage is a loan that a lender secures against your property. A mortgage can be used to buy a property or re arrange existing finance.
-
How do you choose the right mortgage as a first-time buyer?
Read more: How do you choose the right mortgage as a first-time buyer?If you’ve spent an evening flicking between mortgage comparison websites and ended up with more questions than answers, you’re not alone. This is one of the most common experiences first-time buyers describe when they come to us. The numbers look similar on the surface, and yet somehow each one feels like a different puzzle. The…
-
Buying your first home in London
Read more: Buying your first home in LondonWhat can you afford, and where should you buy? Where to start as a first-time buyer in London Knowing where to start can be the hardest part of buying your first home in London. Prices are high, competition is real, and the process involves more steps (and more costs) than most people expect. If you’ve…
-
Government Schemes That Can Help You Buy Your First Home
Read more: Government Schemes That Can Help You Buy Your First HomeWhether you’re struggling to save a deposit or need help finding affordable housing, these 2025 schemes could help turn your homeownership dream into a reality.
-
Should You Buy or Rent in the Current UK Housing Market?
Read more: Should You Buy or Rent in the Current UK Housing Market?This guide breaks down the pros and cons of buying and renting, along with the key factors to consider, helping you make a well-informed decision in today’s housing market.