Negative Equity

The difference between the value of your house and your mortgage, when the value is less than the mortgage outstanding. This is caused by a general fall in the market value of a mortgaged house. This can create difficulties for individuals who can no longer maintain the repayments on their mortgage as they will be unable to cover the full amount of the mortgage if they sell the house.

This is why lenders will generally not lend anymore than 90% LTV of the property to ensure this situation does not arise. It is also why lenders charge Higher Lending Charges on high LTV properties to cover them on any potential loses if the house is repossessed.

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Accident Sickness And Unemployment Insurance (ASU)
Additional Cardholder
Adjudication
Administration Order
Adverse Credit
AER
Agreement In Principle
Amortisation
Annual Equivalent Rate (AER)
Annual Fee
Annual Percentage Rate (APR)
Annuity Mortgage
Application Score
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APR
Arrangement Fee
Arrangement To Pay
Arrears
Attachment Of Earnings Order
Bank Reference
Bankruptcy Order
Base Rate
Bridging Loan
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Building Society
Bureau Score
Buy To Let
CAIS
Callcredit
Callscore
Cap
Cap And Collar
Capital
Capital And Interest Mortgage
Capitalised Interest
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Card Protection
Cash Advance
CCA
CCJ
CCN
CCTA
Charge Card
Charge Over Equitable Interest
Charging Order
CIFAS
CIFAS Case Type
CIFAS Entry
CML
Collar
Collateral
Commission
Consolidation Loan
Consumer Credit Act 1974
Consumer Credit Trade Association.
Cooling Off Period
County Court Judgment (CCJ)
Court Information
Credit
Credit Agreement
Credit Card
Credit Card Cheques
Credit File
Credit Impaired
Credit Limit
Credit Rating
Credit Reference
Credit Report
Credit Score
Credit Search
Data Sharing
Deed Release Fee
Default
Delinquent
Delinquent Account
Delphi
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Depreciation
Disassociation
Discounted Rate Mortgage
Drawdown Loan
Dynamic Delinquency
Early Repayment Penalty
Electoral Roll
Endowment Mortgage
Endowment Policy
Enquiry
Equifax
Equity
Equity Release
Experian
Extended Credit Taker
Fair Isaac
FICO Score
Financial Association
Financial Ombudsman Service
Financial Services Authority (FSA)
First Mortgage
Fixed Rate
Fixed Rate Mortgage
Flexible Loan
Forced Sale Value (FSV)
FSA
FSV
Full Payer
Further Advance
GAIN
Garnishee Order
General Insurance Standards Council (GISC)
Geodemographic Data
GISC
Gone Away Information Network (GAIN)
Guarantor
Health Insurance
Higher Lending Fee
Household Score
Hunter
Joint And Several
Kerbside Valuation
Lending Multiplier
Liability
Lien
LTV
Lump Sum Reduction
Money Laundering
Mortgage
Mortgage Indemnity Insurance
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Mortgage Valuation
Mortgagee
Mortgagor
Multiplier
Negative Equity
Non Status Mortgage
Notice Of Arrears
Notice Of Correction
Notice Of Default
Notice Of Default Sums
Offset Mortgage
Ombudsman
Oral Examination
Overdraft
Overdraft Limit
Overpayment
P60
Payment Holiday
Payment Protection
Payment Protection Insurance (PPI)
Pension Mortgage
Personal Loan
Plastic
Portable Mortgage
Principles Of Reciprocity
Proof Of Income
Propensity Score
Protective Registration
Public Information
Reciprocity
Redemption Penalty
Refinancing
Remortgage
Repayment Mortgage
Repossession
Schumer Box
SCOR
Scottish Decree
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Second Mortgage
Secured Loan
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Self Certification
Sequestration
Set Off
Share
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Sharking
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Standard Variable Rate
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Sub Prime Credit
Subject Access Request
Subsequent Mortgage
Summary Box
Third Party Data (TPD)
Title Deed
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Tracker Mortgage
Trade Organisation
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Unsecured Loan
Valuation
Victim Of Impersonation
Wait Period
Warrant Of Execution
Wescore
Writ Of Fi Fa
Z Score

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