negative equity - where
the size of the loan on your
home is greater than the market
value, which makes it difficult
to sell, especially if you
need to move to a more expensive
property.
non-status
loan - a loan granted
without the lender enquiring
as to your income or credit
history. Also known as special
status.
ADVICE TO READERS While this website is checked for accuracy, we are not liable for
any incorrect information included. We recommend that you make enquiries
based on your own circumstances and, if necessary, take professional
advice before entering into transactions.
