Bridlington estate agents : Promark Ltd

 

Successfully selling international & UK property Since 1984
Promark Ltd, 2 Chapel Street, Bridlington
East Yorkshire, YO15 2DW
01262 - 677677                                This e-mail address is being protected from spam bots, you need JavaScript enabled to view it

 

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  1. Additional security fee

    An up-front, one off fee paid to the lender to protect them against the borrower defaulting on the loan. Usually, charged on mortgages over 75% of the house value. Also known as MIG, Indemnity Guarantee premium and Mortgage Indemnity Premium.

  2. Annual percentage rate

    (APR) the total cost of a loan, including all costs, interest charges and arrangement fees shown as a percentage rate and easily comparable with mortgage interest rates.

  3. Arrangement fees

    Charged to arrange a loan on certain products. Usually applied to loans where a special interest rate applies e.g. fixed or capped rates.

  4. Assignment

    The transfer of ownership of an insurance policy or lease.

  5. Auction

    The sale of a property to the highest bidder.

 


 

 
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