Finance Jargon M - Z
M
Mortgage
This is a loan that is secured against the value of a property.
Mortgagee is the lender i.e. Bank or building society.
Mortgagor - the persons who borrow from the bank or building society.
Multiple Occupancy - is if there is more than 1 person who is staying in a property, say a bed sit where people have their own rooms.
N
Q
Quotation - Shows the monthly payments and cost of the secured loan/mortgage.
R
Redemption - Is when you pay off the outstanding loan/mortgage amount completely.
Redemption Charge - This is a charge that may be incurred if you pay off a loan early, within a certain time scale.
Free Quote- Online Application
- Secured Loan Rates
- Self Cert Secured Loan
- Bad Credit Secured Loan
- Debt Consolidation Secured Loan
- Unsecured Loans
- Bridging Loans
- Commercial Loans
Loan Tools
Low rates from 5.9% APR. The overall cost for comparison is
10.9% APR typical - variable. Over 60% of our customers receive a lower APR than the
typical rate shown; our highest rate is 19.9% APR variable. All loans subject to
status.
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.