Restrictive covenant
A restrictive covenant is a legal provision included in the title deeds or land registry documentation of a UK property. It imposes certain limitations ...
Reema construction
The Reema method is a prefabricated reinforced concrete panel construction technique that was developed by Reema Construction Ltd, a company based in Salisbury, Wiltshire. ...
Rental cover calculation
When applying for a buy-to-let mortgage, lenders will consider both the rental income and affordability when assessing an applicant’s eligibility. Rental cover calculation is ...
RICS
The Royal Institution of Chartered Surveyors (RICS) is a professional body for surveyors and related professionals in the UK and around the world. RICS ...
Redemption penalty
A redemption penalty is a fee that is charged to a borrower when they pay off their mortgage before the end of the agreed ...
RIGHT TO BUY
Right to Buy allows most council tenants to buy their council home at a discount. Use the eligibility checker on the Own Your Home website to ...
REPAYMENT METHOD
There are two main types of mortgage repayment method to choose from. The most common types are the Interest-only Mortgage, and the Repayment Mortgage. ...
REPOSSESSION
Repossession is the process by which a lender reclaims a property that has been used as security for a loan or mortgage. Repossession may ...
RETENTION
The lender will offer the amount you have asked to borrow but will hold back all or part of the loan until you have ...
REVERSION RATE
This is the interest rate that you will pay on your mortgage once any special product rate period has expired. Products most commonly revert ...
RESIDENTIAL MORTGAGE
The most common type of mortgage which is used to purchase or remortgage the home you live in.
REMORTGAGE
Changing a mortgage without moving property to save money, change to a different type of mortgage or release equity from the property. Our Remortgaging ...
REGULATED BRIDGING LOAN
A bridging loan will be regulated if the loan is secured against a property which the borrower currently occupies or intends to occupy.
REFLECTION PERIOD
A lender’s reflection period is a period of time that is set aside by a lender for the borrower to consider the terms of ...
REDEMPTION
Paying off your mortgage.
