Mortgage Offer

By Justin Whitelock

Founder of Mortgage London (a trading style of City Finance Brokers Limited, authorised and regulated by the Financial Conduct Authority, FCA No. 766295)

The lender’s formal written commitment to provide a mortgage on specified terms once underwriting and supporting checks are complete.

Related glossary terms

Underwriting

The lender’s process of assessing a mortgage application to decide whether the case fits its lending criteria and risk appetite.

Beneficial Interest

A person’s underlying economic interest in property, potentially differing from legal title, particularly relevant in unequal contributions or trust arrangements.

Overseas Landlord

A person who owns and lets out UK property while living outside the UK, assessed through expat or overseas-resident criteria.

Non-UK Resident

A person treated as resident outside the UK for relevant purposes, distinct from the foreign national category.