Jargon Buster

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There are 4 names in this directory beginning with the letter C.
Capped Rate
A type of mortgage rate. It sets a maximum rate you will pay if interest rates rise.
County Court Judgement. These can be applied when an individual has failed to make payments on a loan or credit agreement. These will stay on a credit file for 6 years and will have a serious impact on the choice of lenders that will be prepared to offer mortgage finance.
The legal process of transferring the ownership of a property from one individual to another.
Credit Score
A measuring system used by many lenders to assess whether to lend or not based on numerous items including, occupation, salary, time in job, credit history and many more.