GLOSSARY - V
Valuation (Homebuying) |
A quick survey of a property by a surveyor in order to assess the value of the property for the benefit of the lender. |
Variable Rate Mortgages |
A lender sets an interest rate and this will move up and down in relation to general movements in interest rates in the wider economy. |
GLOSSARY - W
Whole of market |
The adviser analyzes the mortgage products from a panel that is adequately large to represent every available lender in the market. |
GLOSSARY - Z
Zero-rated |
Supply is not taxed but the supplier is given credit for all tax on his inputs relating to that supply. |