Telegraphic transfer
Electronic transfer of money between two parties.
Term
The period of years over which you take the mortgage and
when you have to repay it. Most new mortgages are taken
on a 25-year term.
Tied agents
Many agents and advisers have access to mortgages that
you would not be able to arrange on the high street or
via a direct operation. They may be representatives of
a particular financial institution or estate agents and
only be able to offer products from that particular provider.
They can still call themselves financial advisers, so
long as they don't use the word 'independent'.
