The mortgage market is in constant flux. New deals pop up all the time, which means that just because a deal worked for you one year doesn’t mean it’s your best deal the following year.
Ok, first things first. We all know buying a property is the biggest purchase you are ever likely to make.
Chances are that if you’re in the market for a property you will have heard someone mention an AIP, or “agreement in principle.”
Baffled by mortgage-jargon? Use this comprehensive dictionary of mortgage terminology to help sort your ERCs from your LTVs. But remember, this is just a guide, and if your mortgage adviser or bank uses terms you don't understand, make sure you ask them to explain.