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Singapore is the United Kingdom's largest trading partner in Southeast Asia, with two thirds of UK exports to this region flowing into Singapore. UK exports of goods only to Singapore in 2010 were valued at £3.29billion, a 15% increase from 2009 while imports of goods from Singapore in 2010 were valued at £3.99billion, an 18% increase from 2009.
The Singapore–United Kingdom Free Trade Agreement (SUKFTA) is a free trade agreement between the United Kingdom and Singapore.It was signed prior to the withdrawal of the United Kingdom from the European Union as a Continuity trade agreement in order to protect trade and investment between the two parties as the UK would no longer be a party of the European Union–Singapore Free Trade ...
In addition, they charge administration and service fees (about 1.5 per cent of the loan amount). However, in the United States, the average interest rates for fixed-rate mortgages in the housing market started in the tens and twenties in the 1980s and have (as of 2004) reached about 6 per cent per annum.
Valuation fee, which pays for a chartered surveyor to visit the property and ensure it is worth enough to cover the mortgage amount. Higher lending charge (HLC) – a fee levied by lenders in respect of mortgages exceeding a pre-defined loan-to-value (LTV) percentage threshold. Until the 1990s these were typically levied on all mortgages with ...
Foreign currency mortgages can be used to finance both personal mortgages and corporate mortgages. The interest rate charged on a Foreign currency mortgage is based on the interest rates applicable to the currency in which the mortgage is denominated and not the interest rates applicable to the borrower's own domestic currency.
A cashback mortgage; where a lump sum is provided (typically) as a percentage of the advance e.g. 5% of the loan. These rates are sometimes combined: For example, 4.5% 2 year fixed then a 3-year tracker at BoE rate plus 0.89%. With each incentive the lender may be offering a rate at less than the market cost of the borrowing.
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Paid outside closing (POC) is the fees or payments rendered outside normal title insurance and underwriting fees due at the time of closing a loan. When acquiring a mortgage or refinancing, a lender or broker may show that an appraisal fee is POC because the fee is usually due at the time of service, prior to closing.