Credit and Mortgage Dictionary: U
Unemployed
Where the individual is not in employment or receiving any regular salary, not self-employed.
Unemployed Insurance
See accident, sickness and unemployment insurance.
Unemployment Insurance
A form of income protection, if you become unemployed.
Unencumbered
A property that is owned without borrowing or other legal charge over it.
Credit and Mortgage Dictionary: V
Vacating Fee
This fee is charged on the release of property title deeds following redemption of a mortgage advance.
VAL
Is an abbreviation for the term valuation.
Valuation
When a surveyor values your property.
Valuation Fee
A fee paid by the borrower for the lender’s inspection of the property. This is normally paid on application. See fee, arrangement fee, fees added […]
Credit and Mortgage Dictionary: W
Wraparound Loan
A technique which permits an existing loan to be refinanced at an interest rate between the original loan rate and the currently prevailing market rates.
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NO DEFINITIONS FOR (Y)
Credit and Mortgage Dictionary: Z
NO DEFINITIONS FOR (Y)