| Administration/Application fee |
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| This is a charge levied by the lender to cover the costs of processing a mortgage application. If an application is not completed, the fee may not be refunded. |
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| Annual percentage rate (APR) |
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| Calculated by using a standard formula, the APR shows the cost of a loan. It is expressed as a yearly interest rate and includes interest, mortgage insurance and other fees associated with the loan. |
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| Appraisal/Valuation |
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| A full inspection of the property, conducted by a valuator/valuer, who will then write a detailed report setting out the value of the property. Suitable for any house, commercial building or parcel of land. |
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| Appraised value |
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| The value of a property, as estimated by a valuer or valuator (the latter is the US terminology). |
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| Appreciation |
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| The increase in the value of a property as a result of changes in market conditions. |
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| Asset |
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| Any form of property owned by a person, including real estate, currency, stocks and enforceable claims against others. |
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| Attorney |
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| Legal expert handling all documentation for the sale, purchase and sometimes rental of a property. |
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