As the market changes every day, it’s easy to get carried away by the media hype. Now, more than ever, people should seek independent advice from a mortgage adviser that is tailored to their specific needs.
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.