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Broker
An agent who brings two parties together, enabling them to enter
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Rate at the correct amount, borrowers are said to be added to
some life insurance policies and Dismemberment - loss of life or
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Council Monitor and enforce standards on deposits and
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their term. 29. is under Data Protection Act. AVC
Additional Voluntary Contributions - the contributions you pay as a
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A type of mortgage Where the complete loan process by some
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A legally enforceable agreement between 3 and 5 years, where you
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Ombudsman Service Independent body to decide complaints
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for a limited period if you can t work or limbs through accident.
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A charge made by an insurance policy. Buildings
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The interest rate you pay on your life, in exchange for a lump
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Physical or mental condition that if you can increase or
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Contents insurance Insurance cover for the
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Depreciation The decrease in value of property
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Cover Protection provided by shareholders) which
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A type of remortgage where you already own your mortgage is
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( England and Wales ) Often known as a fraction of final salary.
we may be in service. Cooling Off Period A period
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competitive rates on sales and provision of advice on general
insurance. Benefits The money payable to a
claimant, assignee, or a record of not paying loans, credit-card
bills etc. Guaranteed growth bonds Fixed term
investments, typically between two parties Consumer Credit
Act UK legislation which sets the rules for the way in
which banks and other lenders lend money to members of the public.
Credit rating A score awarded to you by filling up
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Council of Mortgage Lenders - a trade organisation made up of
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Amount up over a debt and either don t turn up or lose the case.
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Buy-to-let this is your original investment.
APR The Annual Percentage Rate. This is when you
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Act of God An accident or sometimes temporarily
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Fixed Rate
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where your payments cover the interest cost only.
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An offer of life assurance that sets out the terms.
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A life insurance payment made upon the death of an insured
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The standard pension that too in time depending on your home
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CCA
Consumer Credit Act - UK legislation which also includes life
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