Why Choose Us Contact Us The Wildelife Trusts
Call us on 01664 414141 between 9am and 6pm Monday to Friday and 9am and 12pm on Saturdays
 

Articles from March 2014

APRC

April 6 2016

Annual Percentage Rate of Charge (APRC) – The APRC is a single rate that takes into account the costs of setting up the mortgage, the interest rate applied over the mortgage term and how that interest rate is charged (annually, monthly or daily).

Find out more

Binding offer

April 6 2016

Binding offer – The Society will issue a binding offer once the underwriting is complete.

Find out more

BoEBR

April 6 2016

Bank of England Base Rate (BoEBR) – This is the rate which is set on a monthly basis by the Monetary Policy Committee (MPC) of the Bank of England and is the rate that it charges for its borrowing.

Find out more

CBTL

April 6 2016

Consumer Buy-to-let (CBTL) – This is when you have lived in the property as your main residence or you inherit a property that was a main residence and then due to a change in circumstances you choose to let the property and you receive no other rental income.

Find out more

Completion

April 6 2016

Completion – The point at which the mortgage money is released to remortgage your home or to buy your new home. Your solicitor or conveyancer will ensure that ownership is transferred to you.

Find out more

Disbursements

April 6 2016

Disbursements – The fees your solicitor has to pay to others on your behalf e.g.Stamp Duty Land Tax, Land Registry fees, search fees.

Find out more

Electronic Transfer

April 6 2016

Electronic Transfer – This is the method by which your mortgage advance is paid to your conveyancer, solicitor or existing lender.

Find out more

Equity

April 6 2016

Equity – The positive difference between the value of your property and the amount of any outstanding loans secured against it.

Find out more

First legal mortgage

April 6 2016

First legal mortgage – Also known as a first charge mortgage. This means that the loan takes priority over any other borrowing secured on your property. If your property is sold the first charge will be paid off first.

Find out more

Foreign currency lending

April 6 2016

Foreign currency lending – Lending where, at the start of a new contract, a customer is not a UK resident or relies on income or assets which are not in sterling to repay the mortgage. We do not offer foreign currency lending.

Find out more