Howard's jargon buster
April 5, 2022
Think moving house is stressful? Then all of the added jargon that goes with the house buying and selling process can make it quite daunting. Our handy guide details some common terms and what they mean.
Acceptance - If you wish to accept a lender’s mortgage offer, this document will need to be signed and returned to the lender.
Amortisation - The gradual elimination of a liability, for example, a mortgage through regular payments over a set time period or the amount paid by way of capital