PERSONAL GUARANTEES (PG)
A Personal Guarantee (PG) is an undertaking by an individual, usually a director or shareholder of a company, to accept liability for a debt ...
PART AND PART
This refers to the repayment of a mortgage. Part and Part is a combination of both repayment and interest only mortgage. EG a loan ...
OPEN BRIDGING LOAN
Open bridging finance is offered without knowing the exact date of repayment. Due to this uncertainty the lender will charge a slightly higher interest ...
OFFSET MORTGAGE
A mortgage linked with a savings or current account. Credit balances are offset against the mortgage debt so interest is calculated daily and only ...
NEGATIVE EQUITY
Negative equity refers to a situation in which the value of a property is less than the amount of the outstanding mortgage or loan ...
