Glossary of mortgage terms - N
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.
A ¦ B ¦ C ¦ D ¦ E ¦ F ¦ G ¦ H ¦ I ¦ L ¦ M ¦ N ¦ P ¦ R ¦ S ¦ T ¦
Negative equity
When the value of the property has fallen and is less than the loan secured on it.
NHBC guarantee
A 10-year guarantee, provided by the National House Building Council, that the builder will put right serious defects on a newly-built property.
Why Avocado?
Avocado Mortgages can help power charge your finances, releasing equity tied up in your property.
- To treat our customers fairly and with honesty and integrity in a courteous manner at all times.
- To offer our professional yet personal service to our customers in a speedy manner.
- To endeavour to recommend the most suitable lenders and products to satisfy customer needs, using the whole market place.
- To provide our customers with all the relevant information required during the process and to ensure that customers fully understand the information.
- 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
By submitting this form you are consenting to your information being passed to an associate of Avocado Mortgages who may contact you. This information may be used by us to advise you of other useful products or services that we develop. Our service is free to you but to operate this service we receive fees from the lenders or brokers we refer you to.