28/10/2026
DIP, LTV, ERC, SVR… mortgages come with a lot of abbreviations!
We've picked out a few of the ones you might hear if you're buying your first home, and explained what they mean.
Swipe through for a quick guide →
And if there's a mortgage term you've come across that you'd like us to explain, let us know!
Your home may be repossessed if you do not keep up repayments on your mortgage.