Finance & Morgage
-
November 21 2023 Bridging Loan – Definition, Overview & FAQ
Definition: A bridging loan, often referred to simply as a “bridge loan,” is a
short-term financing option designed to bridge a gap between a short-term
liquidity need and long-term financing. -
November 21 2023 First Time Buyer Stamp Duty Relief – Definition, Overview & FAQ
Definition: In the UK, the first-time buyer stamp duty relief is a benefit
introduced to help those purchasing their first property by providing a reduction
in the Stamp Duty Land Tax (SDLT) they need to pay. -
November 21 2023 Loan Agreement – Definition, Overview & FAQ
Definition: A loan agreement is a formal contract between a borrower and a
lender that details the terms and conditions under which the borrower can
borrow a specified amount of money from the lender. -
November 21 2023 Loan-to-Value (LTV) – Definition, Overview & FAQ
Definition: Loan-to-Value (LTV) is a financial metric used in the lending sector, particularly in the mortgage industry.
-
November 21 2023 Buy-to-Let (BTL) – Definition, Overview & FAQ
Definition: Buy-to-Let (BTL) is an investment strategy in the UK and some other countries where individuals purchase a property with the primary intention of renting it out to tenants rather than living in it themselves.