When lending is higher than a certain Mortgage to Well worth, loan providers might request most safety
Glossary from Monetary Terms and conditions
Collision, Diseases and you will Jobless Insurance policy (ASU) This is an insurance policy that helps meet the mortgage repayments should a borrower have an accident suffer long-term illness or be made redundant. See Insurance (note for Hento – possible Link). It is wise to think about insurance when taking out a loan or mortgage but, in our opinion, these policies are very expensive when provided by the lender (because brokers earn a lot of commission from them) and for this reason we don’t get involved with them.
Accountant A professional person who prepares and audits accounts for a business being a sole trader, partnership or limited company and offers professional business advice or other professional services. The main accountancy qualifications, in public practice, are the Chartered Association of Certified Accountants Institute of Chartered Accountants in England and Wales, the Institute of Chartered Accountants in Scotland (Hento, these could be links). Note from biased towards my own professional body being the Chartered Association of Certified Accountants but anyone qualified to the standards of these three institutes should say a lot about integrity and professionalism. (more…)