| |
Financial
Glossary of
Finance Terms
Term
|
 |
Term is the length of time before the mortgage must be repaid, usually
this is 25 years but 30 year term are becoming increasingly common.
Generally a term cannot exceed someones expected retirement age ( Usually
65) unless the applicant can provide evidence of how they intend to
pay for the mortgage in retirement
|
|
Mortgages Expert Ltd is Registered in England no. 5479330, Mortgages Expert
Ltd is authorised and regulated by the Financial Services Authority - no.
438419
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.