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Annual percentage rate

(APR) the total cost of a loan, including all costs, interest charges and arrangement fees shown as a percentage rate and easily comparable with mortgage interest rates.

Arrangement fees

A charge to arrange a loan on certain products. Usually applied to loans where a special interest rate applies e.g. fixed, capped, or discount rates and cash back mortgages.

Assignment

The transfer of ownership of an insurance policy or lease.

Auction

The sale of a property to the highest bidder