20 January 2006 Archive
Capped rate mortgages
A capped rate mortgage is a loan secured against a property where the level of interest charged has a ceiling. |
Flexible mortgages
A flexible mortgage is a loan secured against a property with more freedom in payment schedules than a standard mortgage. |
Tracker mortgages
A tracker mortgage is a loan secured against a property where the interest charged tracks the Bank of England base rate. |
Offset mortgages
Offset mortgages are loans secured against a property that take any money in a customer's savings and current accounts away from the value of the loan. |
Home reversion plans
Home reversion plans offer consumers the chance to access some of the value of their homes by selling some or all of their property to a third party. |
Remortgages
A remortgage is the process of replacing an existing home loan with a new one. |
Mortgage lending up 25%![Mortgage lending set records in December [photo:Pixmedia]](/thumb/mortgage-lending-set-records-in-december-phot.298104.jpg "Mortgage lending set records in December [photo:Pixmedia]")
Mortgage lending was up 25 per cent last month, compared with December 2004, taking it to record levels. |
Month Archives 2006
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