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Financial terms and phrases explained in simple terms for our customers.
A legal declaration of insolvency, or inability to pay your creditors. You can declare yourself bankrupt, or one or more of your creditors may petition for your bankruptcy. You lose control of your assets, (which can be sold to repay your debts) and may be prevented from carrying on your job. Also known as Sequestration in Scotland
A broker is a company or individual that acts as a ‘middle-man’ between the customer and the company they are doing business with. Brokers have the knowledge and expertise to get the most suitable deal, often being able to arrange deals that are not available directly to the public. They also know how best to present the customer’s case to the company so they may be accepted when they would be declined if they approached the company direct. Brokers are paid commission by the company they introduce your business to, this is in additional to the fee you pay on completion for their service they provide.
When applying for a secured loan the lender or broker will ask your mortgage company for one of these- a detailed account of your mortgage conduct, usually over the last 12 months. The fee for this is paid by the broker.
Loan Amount : £3,000.00 £4,000.00 £5,000.00 £6,000.00 £7,000.00 £8,000.00 £9,000.00 £10,000.00 £11,000.00 £12,000.00 £13,000.00 £14,000.00 £15,000.00 £16,000.00 £17,000.00 £18,000.00 £19,000.00 £20,000.00 £21,000.00 £22,000.00 £23,000.00 £24,000.00 £25,000.00 £26,000.00 £27,000.00 £28,000.00 £29,000.00 £30,000.00 £31,000.00 £32,000.00 £33,000.00 £34,000.00 £35,000.00 £36,000.00 £37,000.00 £38,000.00 £39,000.00 £40,000.00 £41,000.00 £42,000.00 £43,000.00 £44,000.00 £45,000.00 £46,000.00 £47,000.00 £48,000.00 £49,000.00 £50,000.00 £51,000.00 £52,000.00 £53,000.00 £54,000.00 £55,000.00 £56,000.00 £57,000.00 £58,000.00 £59,000.00 £60,000.00 £61,000.00 £62,000.00 £63,000.00 £64,000.00 £65,000.00 £66,000.00 £67,000.00 £68,000.00 £69,000.00 £70,000.00 £71,000.00 £72,000.00 £73,000.00 £74,000.00 £75,000.00 £76,000.00 £77,000.00 £78,000.00 £79,000.00 £80,000.00 £81,000.00 £82,000.00 £83,000.00 £84,000.00 £85,000.00 £86,000.00 £87,000.00 £88,000.00 £89,000.00 £90,000.00 £91,000.00 £92,000.00 £93,000.00 £94,000.00 £95,000.00 £96,000.00 £97,000.00 £98,000.00 £99,000.00 £100,000.00 £101,000.00 £102,000.00 £103,000.00 £104,000.00 £105,000.00 £106,000.00 £107,000.00 £108,000.00 £109,000.00 £110,000.00 £111,000.00 £112,000.00 £113,000.00 £114,000.00 £115,000.00 £116,000.00 £117,000.00 £118,000.00 £119,000.00 £120,000.00 £121,000.00 £122,000.00 £123,000.00 £124,000.00 £125,000.00 £126,000.00 £127,000.00 £128,000.00 £129,000.00 £130,000.00 £131,000.00 £132,000.00 £133,000.00 £134,000.00 £135,000.00 £136,000.00 £137,000.00 £138,000.00 £139,000.00 £140,000.00 £141,000.00 £142,000.00 £143,000.00 £144,000.00 £145,000.00 £146,000.00 £147,000.00 £148,000.00 £149,000.00 £150,000.00 £151,000.00 £152,000.00 £153,000.00 £154,000.00 £155,000.00 £156,000.00 £157,000.00 £158,000.00 £159,000.00 £160,000.00 £161,000.00 £162,000.00 £163,000.00 £164,000.00 £165,000.00 £166,000.00 £167,000.00 £168,000.00 £169,000.00 £170,000.00 £171,000.00 £172,000.00 £173,000.00 £174,000.00 £175,000.00 £176,000.00 £177,000.00 £178,000.00 £179,000.00 £180,000.00 £181,000.00 £182,000.00 £183,000.00 £184,000.00 £185,000.00 £186,000.00 £187,000.00 £188,000.00 £189,000.00 £190,000.00 £191,000.00 £192,000.00 £193,000.00 £194,000.00 £195,000.00 £196,000.00 £197,000.00 £198,000.00 £199,000.00 £200,000.00 £201,000.00 £202,000.00 £203,000.00 £204,000.00 £205,000.00 £206,000.00 £207,000.00 £208,000.00 £209,000.00 £210,000.00 £211,000.00 £212,000.00 £213,000.00 £214,000.00 £215,000.00 £216,000.00 £217,000.00 £218,000.00 £219,000.00 £220,000.00 £221,000.00 £222,000.00 £223,000.00 £224,000.00 £225,000.00 £226,000.00 £227,000.00 £228,000.00 £229,000.00 £230,000.00 £231,000.00 £232,000.00 £233,000.00 £234,000.00 £235,000.00 £236,000.00 £237,000.00 £238,000.00 £239,000.00 £240,000.00 £241,000.00 £242,000.00 £243,000.00 £244,000.00 £245,000.00 £246,000.00 £247,000.00 £248,000.00 £249,000.00 £250,000.00
Repayment Period : 3 years 4 years 5 years 6 years 7 years 8 years 9 years 10 years 11 years 12 years 13 years 14 years 15 years 16 years 17 years 18 years 19 years 20 years 21 years 22 years 23 years 24 years 25 years 26 years 27 years 28 years 29 years 30 years
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