IFA Jargon Buster

Unsure what technical terms mean ?

 Explore our handy Jargon Buster to see the definition

The size of a mortgage expressed as a percentage of the value of the property. For example, a £45,000 mortgage on a house valued at £50,000 gives a LTV of 90%.

A company whose shares are quoted on a recognised stock market.

Similar to Equity Release. Under this arrangement, an individual can take out a mortgage on their home to raise a lump sum of money or income which they do not have to repay until the house is sold when they die or are taken into care.

A pension annuity which pays a guaranteed level of income for the rest of your life.

A type of pension arrangement where the investment strategy changes from higher risk to a medium / low risk approach as you near retirement.

An insurance policy which pays out a lump sum of money should the policy holder die during the term of the agreement.