Welcome to the Jargon Buster! Click on the first letter of the term you are looking for! Also, remember if you see an underlined word, hover your mouse over it for a definition.
A
Advance
The amount of your mortgage |
APR
An abbreviation for Annual Percentage Rate. |
Arrangement Fee
The charge that may be made to cover the cost of providing a mortgage (not all of our mortgage products have an Arrangement Fee). This fee is normally charged to your mortgage account on completion |
Asking price
The price the seller is asking for the property |
ASU
Payment protection insurance. This covers mortgage payments when earnings are lost through accident, sickness or unemployment |
We are authorised and regulated by the FSA (Financial Services Authority). Our FSA registration number is 448415.
WARNING: YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. There may be a fee for our service. This will be no more than 1.5% of the loan. The precise amount will depend on your circumstances but we estimate this will be £149.
Lifetime is a trading name of Lifetime Financial Management Ltd which is authorised and regulated by the Financial Services Authority for advising on and arranging mortgages and insurance.
Lifetime Financial Management Ltd, registered in England and Wales, registered Number 3652194. Registered address: 1st Floor, City Gate, 17 Victoria Street, St Albans, Herts, AL1 3JJ. Director: Paul Merrigan.
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