Today's best mortgages
Jargon buster
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Tariff
A document detailing the costs and charges for a particular service or services.
Term
The period of time between the start and finish of the mortgage loan or long term insurance policy.
Term Assurance
A life insurance policy that provides a lump sum in the event of the death of the policyholder during a specified period but has no encashment value at any time during or at the end of the term.
Timber Framed
A property whose major structural components are constructed from wood, rather than brick, stone or concrete. Typically an insurer will charge more for buildings insurance on a timber-framed property.
Title
The document that confirms the right of possession to an area of land.
Title Insurance
An insurance policy against any loss resulting from defects of title to a specifically described parcel of property.
Title Search
An investigation, carried out by a conveyancer or solicitor, into the history of ownership of a property. The search will check for liens, unpaid claims, restrictions or any other problems that may affect ownership.
Tracker
A type of mortgage whereby any changes in the rate of interest charged follow exactly ('track') another, specified, interest rate or index. Typically a tracker mortgage will track the Bank of England base rate.
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