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22 relations: Capital (economics), Cash, Equity loan, Financial Conduct Authority, Income, Inheritance, Inheritance tax, Insurance, Interest, Life annuity, Loan, Market (economics), Mortgage law, Mortgage loan, Old age, Price index, Property, Reverse mortgage, Reversion (law), Shared appreciation mortgage, UK mortgage terminology, United Kingdom.
Capital (economics)
In economics, capital consists of an asset that can enhance one's power to perform economically useful work.
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Cash
In economics, cash is money in the physical form of currency, such as banknotes and coins.
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Equity loan
United Kingdom (UK) In the UK an "Equity Loan" is the term used to describe additional borrowing, normally secured as a subsequent charge, as a top-up to the amount a home owner/purchaser can borrow from a main mortgage provider.
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Financial Conduct Authority
The Financial Conduct Authority (FCA) is a financial regulatory body in the United Kingdom, but operates independently of the UK Government, and is financed by charging fees to members of the financial services industry.
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Income
Income is the consumption and savings opportunity gained by an entity within a specified timeframe, which is generally expressed in monetary terms.
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Inheritance
Inheritance is the practice of passing on property, titles, debts, rights, and obligations upon the death of an individual.
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Inheritance tax
A tax paid by a person who inherits money or property or a levy on the estate (money and property) of a person who has died.
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Insurance
Insurance is a means of protection from financial loss.
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Interest
Interest is payment from a borrower or deposit-taking financial institution to a lender or depositor of an amount above repayment of the principal sum (i.e., the amount borrowed), at a particular rate.
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Life annuity
A life annuity is an annuity, or series of payments at fixed intervals, paid while the purchaser (or annuitant) is alive.
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Loan
In finance, a loan is the lending of money by one or more individuals, organizations, and/or other entities to other individuals, organizations etc.
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Market (economics)
A market is one of the many varieties of systems, institutions, procedures, social relations and infrastructures whereby parties engage in exchange.
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Mortgage law
A mortgage is a security interest in real property held by a lender as a security for a debt, usually a loan of money.
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Mortgage loan
A mortgage loan, or simply mortgage, is used either by purchasers of real property to raise funds to buy real estate, or alternatively by existing property owners to raise funds for any purpose, while putting a lien on the property being mortgaged.
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Old age
Old age refers to ages nearing or surpassing the life expectancy of human beings, and is thus the end of the human life cycle.
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Price index
A price index (plural: “price indices” or “price indexes”) is a normalized average (typically a weighted average) of price relatives for a given class of goods or services in a given region, during a given interval of time.
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Property
Property, in the abstract, is what belongs to or with something, whether as an attribute or as a component of said thing.
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Reverse mortgage
A reverse mortgage is a type of home loan for older homeowners that requires no monthly mortgage payments.
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Reversion (law)
A reversion in property law is a future interest that is retained by the grantor after the conveyance of an estate of a lesser quantum that he has (such as the owner of a fee simple granting a life estate or a leasehold estate).
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Shared appreciation mortgage
A shared appreciation mortgage or SAM is a mortgage in which the lender agrees as part of the loan to accept some or all payment in the form of a share of the increase in value (the appreciation) of the property.
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UK mortgage terminology
This page gives descriptions of UK mortgage terminology which can often confuse borrowers.
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United Kingdom
The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain,Usage is mixed with some organisations, including the and preferring to use Britain as shorthand for Great Britain is a sovereign country in western Europe.
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Redirects here:
Home reversion, Lifetime mortgage.
References
[1] https://en.wikipedia.org/wiki/Equity_release
