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A B C D E F G H I J K L M N O P Q R S T U V W X Y Z B
booking fee - to secure a particular mortgage deal some lenders charge you a booking fee to reserve your slice of the funds. These fees are generally on special offer deals like fixed, capped and discounted rates and have to be paid at application. broker - a mortgage broker, otherwise known as a mortgage adviser or intermediary, should be able to find you a mortgage to suit your needs, although usually from a restricted range of deals. BSA - Building Societies Association, the trade body for building societies. buildings insurance - cover for the basic fabric and structure of your home, rather than the contents. This should cover you against things like fire and flood and subsidence. You must have organised buildings insurance on your new home by the time you exchange contracts. There may be restrictions on where you can buy this cover if you have a leasehold property. Buildings Survey - a detailed survey of a property. Recommended for pre-war properties. See also Homebuyer's Report. buy-to-let mortgage - a loan to buy an investment property. A few high-street lenders offer these mortgages as well as a number of specialist mortgage lenders. Ask your lender if it has a specialist arm or subsidiary that offers this type of loan. |
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