Mis-sold Mortgage Claims > Glossary > Mortgage Acronym Definitions

Mortgage Acronym Definitions

A
  • AIP - Application, Agreed in Principal
  • AIFA - Association of Independent Financial Advisers
  • AMI - Association of Mortgage Intermediaries
  • APR - Annual Percentage Rate
  • ASU - Accident Sickness and Unemployment protection (cover)
  • AWE - Average Weekly Earnings
B
  • BBA - British Bankers Association
  • BBBR - Barclays Bank Base Rate
  • BCC - British Chambers of Commerce
  • BOE - Bank of England
  • BoEBR - Bank of England Base Rate (BBR)
  • BMR - Base Mortgage Rate
  • BSOCS - Building Societies Sourcebook
  • BTL - Buy to Let
C
  • CAB - Citizens Advice Bureau
  • CAS - Citizens Advice Scotland
  • CCA - Consumer Credit Act
  • CCCS - Consumer Credit Counselling Service
  • CCD - Consumer Credit Directive
  • CCJ - County Court Judgement
  • CCL - Consumer Credit Licence
  • CESR - Committee of European Securities Regulators
  • CIB - Chartered Institute of Bankers
  • CIDD - Combined Initial Disclosure Document
  • CII - Chartered Insurance Institute
  • CML - Council of Mortgage Lenders
  • CPMA - Consumer Protection & Markets Authority
  • CRA - Credit Reference Agency
  • CSC - Claims Standard Council
D
  • DCA - Department of Constitutional Affairs
  • DIP - Decision in Principal
E
  • EFAMA - European Fund and Asset Management Association
  • ERC - Early Repayment Charges
F
  • FIAC - Federation of Independent Advice Centres
  • FLA - Finance & Leasing Association
  • FOS - Financial Ombudsman Service
  • FPA - Fraud Prevention Agency
  • FPC - Financial Policy Committee
  • FSA - Financial Services Authority
  • FSCS - Financial Services Compensation Scheme
  • FSMA 2000 - Financial Services and Markets Act 2000
  • FTB - First Time Buyer
H
  • HLC - Higher Lending Charge
  • HMT - Her Majesty’s Treasury
  • HMRC - Her Majesty’s Revenue and Customs
  • HMS - Homeowners Mortgage Support
I
  • IDD - Initial Disclosure Document
  • IFA - Independent Financial Advisor
  • IFS - Institute of Financial Affairs
  • IVA - Individual Voluntary Agreement
K
  • KFI - Key Facts Illustration
  • KID - Key Information Document
L
  • LIBOR - London Inter Bank Offered Rate
  • LTI - Loan to Income
  • LTV - Loan to Value
M
  • MAP - Mortgage Agreement in Principal
  • MAPC - Mortgage Advice and Practice Certificate
  • MBS - Mortgage Backed Securities
  • MCCB - Mortgage Code Compliance Board
  • MCOB - Mortgage Code of Business
  • MIG - Mortgage Indemnity Guarantee
  • MIP - Mortgage Indemnity Premium
  • MMR - Mortgage Market Review
  • MOL - Mortgage Offer Letter
O
  • OFT - Office of Fair Trading
P
  • PFS - Personal Finance Society
  • PMPA - Professional Mortgage Packagers Alliance
  • POSD - Point of sale decision
  • PPI - Payment Protection Insurance
  • PRA - Prudential Regulation Authority
R
  • RTB - Right to Buy
  • RAMP - Regulatory Association of Mortgage Packagers
S
  • SAR - Subject Access Request
  • SDLT - Stamp Duty Land Tax
  • SHEP - Second Hand Endowment Policy
  • SMP - Society of Mortgage Professionals
  • SMR - Standard Mortgage Rate
  • SVR - Standard Variable Rate
T
  • TCC - Total Cost of Credit
  • TCF - Treating Customers Fairly
U
  • UCA - Unenforceable Credit Agreements