The Property Guide


Property Knowledgebase and Glossary

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Income multiplier The way lenders work out how much you can borrow, usually by multiplying your gross annual salary.
Independent Financial Advisor (I.F.A.) A person qualified to give financial advice to clients on lifeassurance, pensions, funds, and other financial products, who is not tied to any one financial institution.
Initial Disclosure Document (I.D.D.) This is a document designed to assist you in comparing the services provided and the fees and charges made by lenders and intermediaries.
Interest-only mortgage You only pay interest to your lender throughout the mortgage term and your mortgage balance doesn't reduce.
At the same time, you put money into a separate investment which should grow and pay off the mortgage as scheduled. You must make sure you keep premiums up to date on any mortgage investment products.

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