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Lidierth Financial helped me get my dream home

JARGON BUSTER

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Bridging Loan

This is a temporary loan used to provide finance when you are purchasing a house and the sale of your current property is not complete. It is repaid from the sale proceeds of the existing property.

Building Survey

This is a survey carried out on a property outlining in great detail the physical condition of the property. It is highly recommended that anyone thinking of purchasing a home should get a building survey carried out by a qualified professional.

Buildings Insurance

This is an insurance policy to pay the costs of repair to or rebuilding of the property in the even of fire, flood, storms etc. Buildings insurance must be in place in order to draw down a mortgage.

But to Let (BTL) – See RIP

An investment property purchased to rent out rather than live in.


WARNING: YOUR HOME IS AT RISK IF YOU DO NOT KEEP UP PAYMENTS ON A MORTGAGE OR ANY LOANS SECURED ON IT.