Buy to Let
A term used to describe the purchase of a residential property for the sole purpose of letting the property to a tenant. Whilst the majority of lenders will not provide mortgage finance for this purpose a number do specialise in this niche area of the market.

Capital Raising
Normally refers to a remortgage when additional funds are taken over and above the amount required to repay the existing mortgage debt which is then used for personal finance purposes.

Let to buy
This refers to the process whereby the owner rents their existing property in order to fund the mortgage payments on a new property. Although many lenders will not take this kind of business, there are certain lenders who will be happy to accept this situation.

Adverse Credit
CCJ's, Arrears, Defaults and low credit scoring can hinder, or in some cases, prevent the acquisition of a mortgage. There are many lenders who are happy to accept borrowers with adverse credit.

Remortgage
This is the process by which a mortgage on a property is moved from one lender to another. The new mortgage is used to repay the existing lender and at the same time additional funds may be raised for other purposes. Remortgaging has become an increasingly popular way to take advantage of the competitive deals offered by lenders to attract new business. If a remortgage is being considered then careful attention should be paid to the costs associated with arranging the remortgage as well as the savings to be made on the monthly repayment (the costs can sometimes erode any savings to be made). A check should also be made with the existing lender to ensure that there are no early redemption charges.

Self-Certification
Many borrowers find it difficult to prove their income - they may be self-employed without accounts, they may have more than one job, they may receive income from various investment or pension sources - for these circumstances and others similar, there are some lenders who allow borrowers to self-certify their income and make other checks instead of the traditional wage slips and employer references.

Self Build
For people buiding their own home or who are involved in a multiple self-build scheme. The mortgage is usually released in stages as the work is completed. There are specialist lenders who deal with this type of mortgage.