UK Mortgages, Mortgage Brokers, Advisors, Advice

Second Mortgage - A mortgage secured against a property in addition to a first Mortgage.

Self Certification - Verifying income by a means other than payslips or P60s. The mortgage applicant will instead declare their income on the application form and will provide other forms of evidence to the lender to help verify their claims.

Shared Ownership - A scheme in which a home owner buys part of a property while the property developer holds on to the remaining portion. The home owner will buy the remainder of the property at a later date.

Stamp Duty - A tax levied by the Government on the transfer of a property over a certain value.

Survey Fee - The fee payable to a surveyor for valuing a property.

Surveyor - A person who surveys properties in order to ascertain their value.