The Better-Mortgages uk mortgage terminology glossary (Z)

As with any industry, the world of mortgages has it's own language and definitions. Use the definitions in this glossary to look up uk mortgage terminology you are not familiar with.

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Zero coupon mortgages ( or zero interest mortgages )

Where a lender expresses the return on lending a sum as a higher amount of capital payable at the end of the mortgage term than the sum borrowed, it is called a Zero coupon mortgage ( or zero interest mortgage ). In other words, instead of receiving interest the lender receives a larger capital sum.

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