Personal finance
Mortgage
A loan to buy property, secured on the property itself, so the lender can repossess it if you don't repay.
A plain-English explanation, not financial or tax advice. Rules and rates change, so check your own situation. For free, impartial guidance, try MoneyHelper. Disclaimer.
You'll hear it as
The mortgage application needs three months of payslips.
Why it matters to you.
Contractors and the newly self-employed often find mortgages harder to get. Specialist brokers help.
Related terms.
Videos.
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