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Jargon buster for first-time buyers

A lady stands under a light bulb with a pondering look on her face.

In its most recent first-time buyer index, Aldermore bank revealed over half (52%) of prospective first-time buyers struggle with common housing and mortgage jargon.

Luckily, we’re here to help!

Below we explain key terms first-time buyers will come across during the mortgage process to help ease the stress during what can be a confusing process. 

Don’t forget: our qualified mortgage advisers are committed to talk to you in a way you understand; we are people orientated, not computer generated.

Read our article Why we should be your affordable housing lender of choice for further information about how else we can help, particularly if you are purchasing through Help to Buy Shared Equity or Shared Ownership schemes. 

Not found what you are looking for? Have no fear! Click here to visit our full mortgage glossary.

If you are looking for a mortgage, please contact us and arrange an appointment. We provide a tailored and individual service either by face-to-face, by video call or by telephone.

YOUR MORTGAGE IS SECURED ON YOUR HOME. THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

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