Secured
When a loan is 'secured' on your home, the lender can take the property off you and sell it to get their money back if you don't keep up your repayments.

Stamp Duty
Stamp Duty Land Tax is a government tax that home buyers must pay when buying properties. Homes priced below a certain threshold are exempt and the rate of stamp duty land tax varies in bands according to the value of the property.

Standard Variable Rate (SVR)
The normal interest rate that the lender has set, without any discounts or deals applied.

Structural Survey
A more detailed report that assesses the structural condition of the property, which is incorporated into the valuation of the property.