Mortgage Glossary
There is a lot of ‘jargon’ used in the mortgage industry.
We have tried to provide you with a comprehensive explanation of all the terminology that you may come across during the mortgage process
Mortgagor
This is the person who borrows money, usually to buy a property.
Mortgagee
This is the creditor or lender i.e. your bank or building society, that lends you the money for your mortgage.
Mortgage
This is the term used for the type of loan used to buy a property.
Mortgage Rate
This is the interest rate on a mortgage loan.