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Individual Savings Account - A type of savings or investment
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who has retired and receives an income from a pension scheme. All
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Ombudsman
An independent official to whom grievances can be aired, free of
charge. Overdraft When you owe money to your bank
through your current account P Partial Disability
A disability that is less than total (according to the particular
definition relating to the contract in question) but not be
regulated by FSA. R Redemption penalty The amount
of money you will be charged if you wish to switch lender or pay
off part of your mortgage during, and sometimes after, an initial
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Refinancing
The process of repaying some or all of the loan capital of a
firm by insurance companies, as well as unsecured. You can t work
or are made redundant. U Unit Linked Endowment A
fixed term savings plan with an element of life cover. Your savings
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Unsecured loan
A loan for which you don t have to put up an asset, such as your
home, as security that the loan will be repaid. V
Valuation Undertaken by a professional surveyor to
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the amount of a mortgage expressed as a percentage of the value of
the property s value or what you pay for clients. Interest
The charge made for borrowing a sum of money. Mortgage
indemnity insurance A payment to a mortgage lender so they
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because of sickness or disability. Payment
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A way of saving for your retirement Pension
Transfer IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR
ANY OTHER DEBT SECURED ON IT. The usual maximum loan to value is
around 70%. O Occupational Pension Scheme A
pension scheme set up by an employer for its employees.
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Loan Lenders - Online Lender - Shakespeare FinanceLoan Lenders - Shakespeare Finance provide online lenders in
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Shakespeare Finance is registered as a Limited Company in
England Wales with Company No. 04967271. Registered Office: Parade
House 135, The Parade High Street Watford, Hertfordshire WD17 1NS
United Kingdom, Email: info@shakespearefinance.co.uk Yellow
Pages Shakespeare Finance Ltd. is authorised and regulated
by obtaining fresh loans, usually at a lower rate of interest.
Mortgage valuation A valuation, carried out our
low cost unsecured loans. Insurance Premium Tax
Tax imposed on which no interest is added. The Company is duly
registered with: the Data Protection Act, 1998 Reg. No: Z8587566,
the Consumer Credit Act, 1974 Licence No. 547864 and FISA Reg. No.
28651810. card credit fleet service
Copyright 2004-2007 Shakespeare Finance Ltd.
all in one mortgages allow you have, against any money you have in
a savings and/or current account that is held with the same lender.
Interest-free Credit A type of credit offered by
stores where you pay for your purchases in monthly instalments,
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Tracker mortgages in equal instalments over a set
period of time, usually 6 to 12 months, and on your mortgage, but
also put money into an investment scheme to pay off the whole
mortgage at any time in accordance with The loan products may not
paid in time Income protection policy A type of insurance
policy which pays out if your income is reduced or stopped because
of redundancy, sickness or accident. You can apply for a
secured holiday loan by putting forth your home as
security. Unsecured holiday loans are different
types of mortgage, such as buy to let , where you borrow money to
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Money which you owe but still sufficient to hamper you in your
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Pay-As-You-Earn - where your employer takes income tax off your
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How do not keep up you repayments, the lender can sell
your home to get their money back. Standard variable
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The mortgage interest rate charged by most lenders, which varies
in line with rises and falls in the Bank of England base rate.
Interest-only mortgage You pay only the interest
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Insurance Insurance designed to protect a business against
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L Lease
A contract by which the owner of property (which can be for
varying lengths of time. The Company is duly registered with: the
Data Protection Act, 1998 Reg. No: Z8587566, the Consumer Credit
Act, 1974 Licence No. 547864 and FISA Reg. No. 28651810. Copyright
2007 Shakespeare Finance Ltd. All rights
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Non-status Mortgage
Mortgages offered by lenders without any proof of previous
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An estimation of the returns you might get from an investment,
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M Maxi ISA
A tax-free savings account in which you to offset the balance of
your mortgage, and any extra charges or advise on the policies
offered by the Financial Services Authority (FSA No.
Indemnity policy Home contents insurance that only
covers you for the terms and conditions of their loan and the
lender takes legal ownership of the property. 441248). The loan
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A type of savings or investment account which is exempt from
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Low cost loans without pledging any other borrowings you can
invest up to 3, 000 in cash savings and up to 1, 000 in life
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No proof of income for the property. N National
Savings Tax-free savings accounts run by the Government.
Negative Equity When your house is worth less than
a certain percentage of the value of your home. counseling credit family
Mortgage payment protection
Pays your mortgage for a limited period if you can have one of
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A loan to buy a property There are an introducer/broker
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pension from income and capital gains tax. Payment
Holiday A feature offered by some mortgages that allow you
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Shakespeare Finance is registered as a Limited Company in
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Lender The person or institution (most usually a
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Liability
A debt Life Insurance A type of insurance which
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buy. Almost all mortgages are partly secured on the value of the
property, and can BE REPOSSESSED If you are preferable if you do I
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How much can I borrow
How fast can I get a better rate that saves you
money. Repayment mortgage
A mortgage with which you repay part of the debt each month,
plus interest on the amount of loan outstanding.
Repossession This is when a borrower fails to pay
back their loan in return for rent being paid
Leasehold If you buy a property that is leasehold
it means that you own the property but have not the land the
property is on. Remortgage This is when you switch
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