Glossary - H
- High Street Lenders
- Lenders based in the high street e.g. banks and building societies.
- Holiday Home
- Property that won't be your main residence.
- Home Equity Loan
- A method releasing capital from people's homes.
- Home Improvements
- Works carried out to improve your home. Previously mortgage interest relief was given on loans for home improvements in the same way as for house purchase. Loans taken out before its abolition still receive this relief but this is lost if you move lenders.
- Homebuyer's Report
- A less comprehensive report than a full structural survey.
- Homebuyer's Valuation Fee
- Fee paid for the surveyors report that is more comprehensive than a basic survey but less stringent than a full structural survey.
- Household Insurance
- Buildings and contents insurance is known as household insurance.
- Housing Association
- A non profit making body of trustees that is established for the purposes of providing, building, improving or managing, or facilitating, or encouraging the construction or improvement of, housing accommodation. Anyone wanting help with housing puts his or her name down on the housing association list which acts in the same manner as council house lists.
The Mortgage Shop is a trading style of Mortgage Shop No1 Limited which is an appointed representative of Personal Touch Financial Services Limited which is authorised and regulated by the Financial Services Authority. The Mortgage Shop is entered on the FSA register (http://fsa.gov.uk) under reference 425677. Buy to let mortgages may not be regulated by the FSA & personal loans are not regulated by the FSA. The guidance and/or advice within this website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK.
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
There will be a fee for mortgage advice of £299. Telephone calls may be recorded for training purposes.
