The world of property investment can sometimes be confusing; our Glossary is full of useful terms to help every investor, whether they are a first time landlord or a seasoned portfolio builder.


Mortgage in Principal

An agreement between a lender and a potential homeowner that outlines a figure up to the value of which the lender is prepared to loan the individual. Although these documents can be useful to secure the purchase, mortgages in principal are not legally binding and are subject to change.