E is for...

Early repayment charge (ERC) or redemption penalty
If you sign up to a special-rate mortgage and later decide to pay off your loan early, then expect to pay a hefty fee for the privilege of exiting before the agreed time.

Endowment policy
An endowment is a combination of life insurance and an expensive investment policy.

F is for...

First-time buyer (FTB)
First-time buyers prop up the entire property, because they are the people willing to step up to the first rung of the property ladder. However, FTBs are an increasingly rare breed, because of affordability problems due to high house prices and rising interest rates.

Flexible
With a flexible mortgage, you can make lump-sum payments, overpay, underpay and take payment holidays. However, many modern mortgages now include some of these features, so don't be tempted to pay over the odds for a fully flexible loan.
H is for...

Higher lending charge (HLC) or mortgage indemnity premium (MIP)
Mortgage lenders are cautious and tend not to lend you more then ¾ (75%) of a property's purchase price. If you want to borrow more that this 75% threshold (or, in some cases, 90%), certain lenders will charge you a percentage fee depending on how close to 100% you wish to go. This fee can amount to thousands of pounds, so do ask if an HLC applies.