Contact Us

Deeds

The formal written document which lists exactly who owns a property and enables transfer of a property’s ownership from seller to buyer. A mortgage lender will record details of their mortgage on these deeds (which means they can take ownership of the property if you default on the loan payments).

Deposit

In the context of mortgages, the deposit is the initial lump sum payment which the buyer must contribute to the property’s total purchase price. Commonly set at around 5% to 10%.

Deposit-based Savings

A method of saving which pays regular, usually variable interest based on the amount invested (instead of relying, for example, on the unpredictable returns from stock market investment).

Discounted Rate

A mortgage which has an interest rate below the lender’s standard variable rate (SVR), Bank Base Rate or Libor rate, typically for the first few months or years of the loan. The rate payable may move up and down, but the discount on SVR remains constant.

Distance mortgage mediation contract

Mortgages completed at distance – namely not face-to-face – are classed as a distance contract.

Diversification

The principle that wise investors should spread their risk among many different types of investment. A properly balanced portfolio will contain elements of share, deposit-based and property investments. Fund performance and objective achievement are not guaranteed.

Durable Medium

A document which meets the following criteria is said to be in a durable medium:

Speak to a mortgage adviser

Fill out the short form below and choose a time that suits you. It’s a no-commitment opportunity for our experts to help you.

"*" indicates required fields

This field is for validation purposes and should be left unchanged.
We ask for your telephone number to ensure we can reach you quickly and personally, providing a more tailored and responsive experience for your needs.
+ Add further comments

By submitting this form, you consent to being contacted by John Charcol for the purposes of progressing your mortgage application.

As John Charcol is part of Pivotal Growth Ltd, you can also choose to hear about other products or services offered within the group that we believe may be helpful to you.

Please tick below if you’d like to receive these communications:

Acceptance*

You can change your preferences or opt out at any time. For more details, please read our [https://www.charcol.co.uk/cookie-and-privacy-statement/].

  • No obligation conversation

Ask about a second charge mortgage

"*" indicates required fields

1Step
2Step
This field is for validation purposes and should be left unchanged.
We ask for your telephone number to ensure we can reach you quickly and personally, providing a more tailored and responsive experience for your needs.
  • No obligation conversation