Wednesday, 23. October 2019

PROPERTY
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A B C D E F G H I L M N O P R S T U V W Y All?

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Additional enquiries
These are questions raised by the buyer's solicitor/conveyancer, often relating to matters shown on a survey or relating to the title on your property.


APR (annual percentage rate)
This is the total cost of a loan, including all costs, interest charges and arrangement fees. This is then shown as a percentage rate.
Arrangement fees
A fee charged by a mortgage lender or broker to arrange a loan. These usually apply to loans where a special interest rate applies.
Assignment
This is to transfer the ownership of an insurance policy or a lease.
Auction
The sale of a property to the highest bidder with a legally binding contract on the drop of a hammer.
 

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