A to Z of Finance (Jargon Buster) - The Letter U

The world of Finance is full of buzz words and Jargon. In this section I'll translate a whole range of finance terms so you won't get caught out.

Index A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

UK

Finance Jungle will only deal with UK (United Kingdom) Applications. UK covers England, Scotland, Wales and Ireland.

As long as you have previously made overpayments some mortgage deals allow you to pay less (an underpayment) for a limited period. This means that you could pay more while you have the funds, by paying more you could pay off your mortgage quicker. Making overpayments would help you if there comes a time when you cannot make full payments. Underpayments are only usually accepted once overpayments have been made.

Unsecured Loan

A Non-Homeowner or Tenant will take out an unsecured loan because they have no home to act as security for the Loan. Unsecured Loans are Personal Loans for Tenants and Non-Homeowners. Interest Rates are usually higher than Secured Loans but Finance Jungle aims to find you a competitive rate Unsecured Poor Credit History Loan or Unsecured Poor Credit History Tenant Loan.

Typical, variable APR is 10.9%. Rates range from 7.7% to 18.3%
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP MORTGAGE OR DEBT REPAYMENTS SECURED ON IT
THINK CAREFULLY BEFORE SECURING ANY OTHER DEBT ON YOUR HOME. NON PAYMENT OF ANY LOAN CAN AFFECT YOUR CREDIT RATING

Every effort has been made to ensure that the facts here are correct. No liability is accepted for any errors contained herein or for any loss resulting from actions taken.