Maintenance charge (or service charge)
An amount of money advanced by a lender on the security of a property and repayable over a long period of time.
A person who advises on the types of loans available and assists any subsequent application.
The legal document that confers ownership or title to a property.
Mortgage Payment Protection (MPP)
Insurance designed to pay your monthly mortgage for a period, if you are unable to work for reasons beyond your control.
The interest rate quoted by mortgage lenders.
The time over which a mortgage loan must be repaid.
The lender of a mortgage (i.e. bank or building society).