V W X Y Z
Valuation
This is when the lender makes a simple check of a property
carried out in order to find out how much it is really worth
and thus whether the bank should lend money to buy the property.
The Borrower usually pays the bill, and will usually receive
a copy of the report.
Variable rate
This is when the interest rate that you pay on your mortgage
goes up and down depending on the lender's standard variable
rate, with your interest payments changing accordingly on
your mortgage.
[Back to top]
|
