Glossary of Terms
We have gathered together on this page, a collection of the terms most often used in the Mortgage, Financial and Property Services Industries.
If you are searching for the meaning of a term. Please click on its initial letter below. A list of terms commencing with that letter will be presented to you. Hopefully, you will find the term you require.
If you cannot find an explanation for the term you require or you believe our description to be inaccurate, please submit your request for an addition or correction. If you have a suggested correction, please make it polite.
Adverse Credit
This is the term used if the borrower has suffered a poor credit history. This could include previous mortgage or loan arrears, Default (http://www.lea-financial-services.co.uk/glossary/term/default/)s, CCJ (http://www.lea-financial-services.co.uk/glossary/term/ccj/)s or Bankruptcy (http://www.lea-financial-services.co.uk/glossary/term/bankruptcy/)