Glossary

APR
Annual Percentage Rate of Charge

CCJ
Country Court Judgment - A court order against a debtor to pay money owned

Mortgage
A loan to purchase a home where the property is used as security in the event of non-payment

Status
The credit worthiness or otherwise of a potential borrower

Terms
Period of a loan expressed in months or years

Valuation
Estimated worth or value of a property for mortgage purposes