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Avocado Mortgages Impartial Mortgage Quote fro First Time Buyers and Remortgages

Glossary of mortgage terms - I

Not sure what a MIG is or what fixed-rate and leasehold all means? We can help you through the maze of jargon with our easy-to-use mortgage glossary. Find the words you want using the buttons below.

Initial interest

Any payment due for the period from the day the mortgage began up to the first payment date.

Interest only mortgage

You only repay the interest each month. The original capital balance will remain outstanding at the end of your mortgage term.

Individual Savings Account (ISA)

The Government's tax-free saving scheme. You can make financial provisions for the future by putting money into any of three types of investment - cash savings, stocks and shares and life assurance.

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Why Avocado?

Avocado Mortgages can help power charge your finances, releasing equity tied up in your property.

  1. To treat our customers fairly and with honesty and integrity in a courteous manner at all times.
  2. To offer our professional yet personal service to our customers in a speedy manner.
  3. To endeavour to recommend the most suitable lenders and products to satisfy customer needs, using the whole market place.
  4. To provide our customers with all the relevant information required during the process and to ensure that customers fully understand the information.
  5. To endeavour to make prompt contact with new clients to start our advice process as soon as possible, ensuring that the client is able to speak to an experienced advisor.

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT

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