Results for letter: R
Paying off (redeeming) a mortgage, either at the end of the mortgage term or when you move to another property or switch to another lender.
The process of switching your mortgage from one lender to another without actually moving home.
Also known as a capital and interest mortgage. Your monthly repayments consist of instalments of capital (the amount of money you have borrowed) as well as interest due on the amount you borrowed.
New shares sold by a company to raise capital.
Refers to the fact that the value of your savings and investments can fall as well as rise. Some savings and investments (direct investment in equities, for example) carry greater risk than others (such as a deposit account with a bank or building society).
RPI (RETAIL PRICE INDEX)
The official measure of inflation in the UK. It measures the average change from month to month in the prices of goods and services purchased by a typical household.
REGULAR SAVINGS ACCOUNTS
Saving accounts are accounts that pay interest but cannot be used directly as money in the narrow sense of a medium of exchange (for example, by writing a cheque).
The rental "yield" of a property is how much of an annual return you are likely to get on your investment. This yeild is calculated by expressing a years rental income as a percentage of how much the property cost.
REDUCED RATE ELECTION
Until April 1977, married women could choose to pay a reduced rate of National Insurance. You might still be paying the reduced rate if you opted in before the scheme ended.