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Home Loan Glossary
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U.
Underwriter.
A person who assess applications to see how they comply to lenders criteria.
Unearned Income.
Income generated aside from work, for example interest paid on savings or generated by shares.
Unemployment Benefit.
British government benefit awarded to a person who is currently unemployed but seeking employment.
Unit.
A default, CCJ or one months arrears registered against a person.
Unregulated Loan.
Loans of more than £25,000.
Unsecured Loan.
A personal loan that is not secured against anything.
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