Best mortgages and remortgages
Business search
DIY advice
Mortgages & remortgages
Property & moving
Buy property
Buying tips
Mortgage advice
Mortgage glossary
Mortgage types
Mortgage calculators
Selling property
Find estate agents
Property prices
Moving & removals
Quote me now!
Save money
Web chats

Property advice | Mortgage guide | Mortgage glossary

Mortgage guide: Mortgage glossary

Listings for F

- amount charged by a lender, broker or other intermediary for arranging a mortgage or property purchase. See sub menu.

- equivalent of a freehold under Scottish law.

first charge
- normal legal charge used to secure the main mortgage. A lender with a first legal charge over a property has a first call on any funds available from the sale of the property. See also: second charge.

first time buyer
- person wishing to purchase a property for the first time. Some lenders offer preferential lending terms to first time buyers. A borrower who has owned a property before but has sold this prior to buying again may be offered first time buyer terms by some lenders. However, this will vary on a lender to lender basis.

fixed rates
- a loan where the initial payments are based on a certain interest rate for a stated period and the rate payable will not change during that period regardless of changes in the lender's standard variable rate.

flat over shop
- residential dwelling situated above retail premises. Lenders are likely to take a similar approach to flats above any form of commercial premises. Some lenders will not lend on this type of security as it is seen as having limited appeal to prospective purchasers and may therefore have a lower value compared to an otherwise similar property in a wholly residential block. Any property that is located above commercial property is found generally to take longer to resell than properties which do not have any commercial element. A flat above a take-away restaurant is going to be more difficult to arrange a loan on than a flat above a book shop.

- see sub menu

- an abbreviation for flexible. Flexible mortgages are offered by some lenders. A flexible mortgage allows you to make overpayments in order to repay the mortgage early or save for a special event.


- land or property which is owned outright, as opposed to leasehold where the owner has the right to occupy the land or property for a given period of years only. See also: feuhold.

freehold flat
- a flat which has the freehold of the land on which it is built. Such properties are notoriously difficult to get a mortgage on because, if they do not benefit from some sort of legal contract from the owner of any supporting or adjacent property, major difficulties can be experienced in the event of anything affecting them structurally (e.g. subsidence.) This should not be confused with a situation when one or more leaseholders in a block of flats acquires the freehold interest in the property and it is sold with the benefit of a share in the freehold. In this situation the individual leases on the flats should still be left in place in order to provide the necessary legal agreements, however the leaseholders may grant themselves extensions on the lease as they wish.

- FTB see First Time Buyer

full status
- a loan where complete checks are made on the borrower's credit history and income.

Courtesy of


Mortgages and remortgages

Home | Advertise with us | Advertiser login | Business search | Search by location | DIY advice | Property advice

About us | Contact us | Site map | Use our search bar | Terms of use | Privacy policy


Other web sites: Health clubs and gyms | | | | Free quotes