Enumeration | Definition |
---|---|
All mortgages | The ‘indexed LTV band’ column will be relevant only when the ‘all mortgages’ value is selected. |
LPA rent receiver | This is relevant only for BTL mortgages where an (LPA) Landlord Protection Act receiver of rent has been appointed. |
Shared equity | A mortgage in which the lender owns a share of the property’s equity in exchange for providing a portion of the down payment and thus shares in the proceeds when the property is eventually sold. |
Shared ownership | A mortgage where the buyer purchases a proportion of the property and has the option to increase their proportional ownership through additional purchases at a later date. |