Additional Security Fee

Fee charged upfront by lenders in order to protect themselves against a borrow defaulting on the loan. This fee is usually charged on mortgages over 75% LTV. Also know as : Mortgage Indemnity Guarantee (MIG) or a Mortgage Indemnity...

Adverse Credit

Refers to people with a poor credit history. May include but is not limited to things such as county court judgments (CCJ’s) bankruptcy mortgage arrears Individual voluntary agreements (IVA’s) and credit card or other borrowing arrears or...