Deposit | Jargon Buster on Chase De Vere Mortgage Management

Deposit | Jargon Buster on Chase De Vere Mortgage Management

Deposit

Deposit

In other words

In the context of mortgages, the amount a borrower must provide towards the purchase price of a property. This is often around 5

Definition

In the context of mortgages, the amount a borrower must provide towards the purchase price of a property. This is often around 5-10% of the purchase price.

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Your home may be repossessed if you do not keep up repayments on your mortgage. Depending on your circumstances, we charge up to 1.5% of the loan amount for residential mortgages and up to 2.5% for buy-to-let mortgages.

The actual amount you pay will reflect any commissions we receive from the lender.

Authorised and regulated by the Financial Services Authority in respect of advising on and arranging residential mortgages and general insurance only.

The Financial Services Authority does not regulate buy-to-let, second charge or commercial mortgages. FSA authorisation number: 304777.

Chase De Vere Mortgage Management, St. James House, 23 King Street, London, SW1Y 6QY | Registered in England No. 2788320

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