Advance

A mortgage loan.

Adverse Credit

A poor credit history- for example if you have defaulted on debts or have county court judgements (CCJs) awarded against you.

APR (Annual Percentage Rate)

The total cost of a loan, including interest charges and product fees, shown as a percentage rate. The calculation assumes that you maintain the mortgage for the full term. APR is an industry standard calculation and enables direct comparison of mortgages from all lenders.

Arrangement fee

See Product Fee

ASU

Payment protection insurance. This covers earnings lost through accident, sickness or unemployment.

Assignment

The transfer of ownership of an insurance policy or a lease.

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