Jargon Buster
High street lenders
Providers of mortgage products who can be broadly
split into two groups - the building societies and the
banks. Banks are profit-making businesses that return
a portion of their profits to shareholders in the way
of dividends. Building societies on the other hand, are
mutually owned organisations, which exist not for profit
but for the benefit of the members. They claim that this
allows them to return profits to their customers in the
form of cheaper products.
Household insurance
Buildings and contents insurance can often be purchased
together protecting both the building structure and your
belongings and possessions inside.
