Lending Glossary
Advance
The sum of money agreed for a mortgage loan.
Applied Interest Rate
The rate used to calculate the interest due on a loan.
APR
The Annual Percentage Rate is intended to help you compare the true cost of loans offered by different lenders, as the APR takes into account all fees and administration costs.
ARLA
Association of Residential Letting Agents
Advance
Money that is loaned by the lender to buy the property.
Assurance
A policy that assures against events that will inevitably happen, such as death.
Our tracker rate mortgages are linked to Bank of England base rate (also know as Bank of England repo rate). Details of this rate can be found on the Bank of England website or in the Financial Times or other leading newspapers.
All our products are SUBJECT TO AVAILABILITY and can be withdrawn at any time
Your home may be repossessed if you do not
keep up repayments on your mortgage.
