Jargon Buster
A glossary of commonly used consumer finance terms
Within all aspects of consumer finance: Mortgages, Loans, Credit Cards or Savings the use of jargon and accepted industry terms is widespread. Our comprehensive jargon buster explains what those terms mean in an effort to demystify consumer finance.
Valuation
Basic survey carried out by a surveyor to establish the value of your property.
Valuation Fees
The money paid by the borrower for the lender's inspection of the property.
Variable Rate Mortgages
The interest rate paid on a variable rate mortgage changes over time in relation to either the bank rate, the Bank of England base rate or Libor.