Agricultural tie
An agricultural tie or, Agricultural Occupancy Condition (AOC), is a legal restriction imposed on land and buildings to ensure the land is used for ...
Airey house
An Airey house is a type of pre-fabricated home that was popular in the UK in the years following World War II. The homes ...
AVM
An AVM (automated valuation model) is an automated system used by lenders to estimate the value of a property before they provide a new ...
Affordability
When applying for a mortgage, affordability is the measure of an applicant’s ability to keep up with the proposed regular repayments. Affordability is assessed ...
AUCTION FINANCE
Auction finance is a type of bridging loan that is used to buy properties at auction. The properties can be commercial or residential and don’t even need ...
ASSURED SHORTHOLD TENANCY (AST)
An assured shorthold tenancy (AST) is a type of tenancy agreement that is commonly used for residential rental properties in the UK. ASTs are ...
ARREARS
If someone is in “mortgage arrears” this means that they have failed to meet their contractual obligations in relation to their loan; in simple ...
ARRANGEMENT FEE
A mortgage arrangement fee is a fee that is charged by a lender to cover the administrative costs of setting up a mortgage. The ...
ANNUAL PERCENTAGE RATE (APR)
APR, or annual percentage rate, is a measure of the cost of borrowing money. It is expressed as a percentage and takes into account ...
AGREEMENT IN PRINCIPLE (AIP)
An Agreement in Principle (AIP) is a statement from a lender indicating that, based on the information provided by the borrower, they are likely ...
ADVERSE CREDIT
Adverse credit is a term used to describe any negative information that appears on an individual’s credit report. It is also referred to as ...
