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Key Facts Illustration (KFI)
This document contains key mortgage information which is designed to help you compare the costs and features of different mortgages from one or more lenders. It is designed to make it easy to compare mortgages at a glance.

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Land Certificate
A Land Registry certificate proving ownership of a property.

Land Registry
A government organisation that holds records of all registered properties in England and Wales.

Land Registry Fee
A fee paid to the Land Registry to register your details if you have bought a property or changed mortgage lenders.

Leasehold
To be given ownership of a property but not the land it is built on. This normally requires payment of ground rent to the landlord.

Life Assurance
Insurance which pays out on the death of the policy holder. Policies can run alongside your mortgage and will pay off all or part of the outstanding debt in the event of your death.

Local Authority Search
A search of the local area to highlight anything that may impact on the property or surrounding area, e.g. planned road building, planning permissions etc

Loan to Value (LTV)
The amount of mortgage expressed as a percentage of the property value. For example, if your mortgage amount was Ł90,000 and your property is valued at Ł100,000 your loan to value, or LTV, is 90%.

Your home may be repossessed if you do not keep up repayments on your mortgage