Jargon Reference Guide



 

IFA


Independent Financial Advisor.

Individual Savings Account (ISA) Mortgage


An interest-only mortgage linked to an Individual Savings Account fund, which is designed to pay off the loan at the end of the period.

Interest Charges (Mortgage)


The charges made on a loan by banks, calculated as a percentage of the amount borrowed.

Interest-Only Mortgage


An interest-only mortgage stays the same throughout the mortgage term. Interest and a premium to an investment vehicle are paid monthly. At the end of the term, the proceeds from the investment vehicle are intended to repay the mortgage. The amount will d

Inventory


A list which describes the condition of furnishings and contents of a leased property at the start and end of a tenancy in order that any dilapidation during the tenancy can be identified.