Annual review scheme UK mortgage definition

UK Mortgage definition

0-9 | 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 


Annual review scheme

This applies to variable rate mortgages. The borrower's capital repayment is set once a year, with interest charged to the account at the going rate. If the review period happens during a period of interest rate volatility, an Annual review scheme could result in a larger than average change in total repayment each year.

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
independent UK mortgage broker advising on loan and insurance - Better-Mortgages.co.uk Limited
Site Map | Business Terms | Privacy Policy | Data Security| Contact Us | About Us | Home
please call independent UK mortgage broker - Better-Mortgages.co.uk Limited on 01923 334621
Go to Previous Page
Bookmark

Email Page

Print Page
Annuity Linked Mortgage - next definition
Request Mortgage Advice| Mortgage Calculators| Conveyancing| Resources| Mortgage Lenders List