Balance Outstanding
The amount of loan owed at a particular time.

Bank of England Base Rate
The Bank of England set a rate each month known as the 'Base Rate'. Banks and Building Societies use the Base Rate to set the interest rates they pay on deposits, or charge on debts.

Base Rate
The national interest rate set by the Bank of England, reviewed monthly.

Booking fees
A charge paid on application to secure your funds. This is usually required for special deals such as capped and discounted rates.

Bridging Loan / Bridging Finance
A temporary loan advanced to help somebody buy a new property before they have sold their existing one.

Buildings Insurance
Insurance against the cost of rebuilding a property from scratch following structural damage, for example by flood, fire or storm.

Building Regulations
The health and safety requirements that any new construction must meet.

Building Society
A mutual institution owned by its investors and borrowers that provides a range of savings and mortgages.

Buy-To-Let
Buying a property for the purpose of renting it out.

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