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Mortgage Types :
Mortgage Companies :
Building Societies :
Loans :
Loan Companies:
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| Listed below are general Mortgage-related terminologies and their meanings. Click on the alphabet to view the list of terms starting with that letter. |
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Advance : It stands for a mortgage credit.
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Adverse Credit : This expression is intended for a borrower or application with history of bad credit, in particular delayed payment, County Court Judgment (CCJs) or bankruptcy.
- APR (Annual Percentage Rate) : The term represents full price of a loan comprising of interest rates and product amount, which is indicated as a percentage fee. The computation presumes on you keeping up the mortgage for its entire tenure. It is basically an industry standard estimation, facilitating you in straight assessment of mortgages provided by all lenders.
- Arrangement fee : Refer Product Fee
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Assignment : It represents handing over the rights of the specific insurance lease/policy
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