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A B C D E F G H I J K L M N O P Q R S T U V W X Y Z P
payment method - the way you have decided to repay your mortgage, such as a pension, ISAs, endowments or capital and interest repayments. payment protection insurance - see MPPI. pension mortgage - an interest-only mortgage where the repayment vehicle is a personal pension. The tax-free lump sum available at maturity is earmarked to pay off the mortgage. PEP - personal equity plan. The precursor to ISAs; a tax-free investment wrapper used by some homeowners as a repayment vehicle for their mortgage. premium - amount payable on a regular basis for something like a life insurance or household insurance policy. purpose-built flat - a self-contained flat designed to be part of a larger building or complex of flats, all sharing a common entrance. |
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