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JARGON BUSTER

A I B I C I D I E I F I G I H I i I J I K I L I M I N I O I P I Q I R I S I T I U I V I W I X I Y I Z

(D)

Discounted Rate Mortgage : This is the variable mortgage that is discounted from a Lender's SVR by a set percentage within a set period. There are often Early Repayment Charges applicable if the loan is repaid within the discounted period.

Discounted Tracker Rate Mortgage : This is a variable mortgage that is discounted from the Bank of England's Base Rate by a set percentage within a set period. There are often Early Repayment Charges applicable if the loan is repaid within the discounted period.
 

 

IMPORTANT - Click Here to read and print off a copy of our Initial Disclosure Document (IDD)

Merlin Mortgage Management Ltd is authorised and regulated by the Financial Services Authority (FSA) in respect of Mortgage and Insurance mediation activity. Our FSA registration number is 302256.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBT SECURED ON IT.

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