If you get mortgage advice, a mortgage adviser will recommend what mortgage is suitable for you. This will be made by an adviser who is regulated by the Financial Conduct Authority.
Annual Percentage Rate of Change (APRC)
The overall cost of a mortgage, including interest and fees.
Approved in Principle / Agreement in Principle
Also known as a Decision in Principle (DIP) or mortgage promise. This is a statement from a lender detailing the amount they are willing to lend to you before you’ve finalised the purchase of your home. This is not a guarantee but can be helpful when registering with estate agents.