Glossary of Common Terms

We keep things as jargon free as possible, here at White Mortgages, but some terms can’t be avoided.

We’ll take a look at some of the common terms that you’ll be hearing as you go through the mortgage process:

Mortgage

Lender

Deposit

Loan to Value (LTV)

Agreement in Principle (AIP)

Mortgage Application

Mortgage Offer

Valuation

Conveyancing Solicitor

Exchange

Completion

Life & Critical Illness Cover

Income Protection

Buildings & Contents Insurance

This is an overview of the terms that you’re likely to come across whilst you’re in the process of purchasing a property. However if there are ever any terms that you’re unsure of, our advisers and admin team will be able to answer any questions that you have.