Glossary Index

Mortgage terminology can be tricky to understand. Our mortgage glossary explains key terms and acronym’s that Pepper Money and other lenders use.

Assured Shorthold Tenancy (AST)

An AST agreement exists to protect both the tenant and the landlord. It sets out the terms in the tenancy agreement required to live in the landlord’s property. The document offers the landlord a guaranteed right to repossess their property at the end of the term.