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Home Loan Glossary
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V.
Valuation.
A report carried out by a surveyor that sets out the overall
value of the property as well as its value for insurance purposes.
It also details the condition of the property.
Variable Rate.
A variable rate is a rate that is not fixed and can fluctuate depending on decisions made by individual financial institutions.
Vehicule.
A mode of transport, loans for vehicules are very common.
Voters Roll.
A register that shows what names are registered against a
particular address during each year. This can be used as proof of residence.
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