The standard conditions that apply to a mortgage, as set by the lender.
Lenders may not offer mortgages for the purchase of property in certain districts or areas, typically those geographical areas that are regarded as high risk. Some smaller lenders may not offer loans for properties that are outside their local area.
Total income received per year, before taxes are deducted.
The monthly amount a borrower will have to repay, before deductions for MIRAS (Mortgage Interest Relief at Source) is applied.
A person, other than the borrower, who guarantees the mortgage repayments in the event the borrower defaults. Typically the guarantor will be a parent or relative.