entries
| Phrase or Word | Definition |
|---|---|
| Advance | The mortgage supplied by the mortgage provider. |
| Adverse Credit | A borrower or application that has past problems with bad credit, for instance late payment, bankruptcy or County Court Judgement. |
| Adverse Credit Lender | A mortgage provider who lends to applicants with adverse or bad credit. |
| Adverse Credit Mortgage | An adverse credit mortgage for borrowers who have had credit problems. |
| Advice | A recommendation about the most suitable mortgage for the applicant made by the Mortgage Adviser. |
| Adviser | See Mortgage Adviser |
| Adviser Fee | The fee charged by a mortgage adviser for locating and processing the most appropriate mortgage, can be paid either up front, on successful offer or on mortgage completion. |
| Affordability | An applicants ability to repay the mortgage. |
| Affordability Calculation | A mortgage provider may use this method to calculate whether an applicants income is sufficient to service the new mortgage and their existing debts. |
| Agreement In Principle | See Decision In Principle |
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