Mortgage Help & Advice

Business Finance Glossary

Ability to pay

Refers to the borrower's ability to make interest and principal payments on debts.

Advance of Discount Loan

An unsecured loan (commonly up to £20,000) offered by your brewery to act as security against your public house in exchange for you signing an agreement to purchase a number of products from them.

Adverse Credit

The term used if the borrower has a poor credit history. This could include previous mortgage or loan arrears, bankruptcy or CCJs.


Repayment of the capital element of a debt over time, often by an equal amount each year.

APR (Annual Percentage Rate)

The interest rate reflecting the cost of a mortgage as a yearly rate.

Arrangement Fee

The fee you pay your lender in return for them providing you with a mortgage.

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RCC Business Mortgages plc, trading as Christie Finance, is authorised and regulated by the Financial Conduct Authority. Our Firm Reference number is 709982. Not all types of business we undertake is authorised and regulated by the Financial Conduct Authority. Christie Finance operate as an intermediary and are not a principal lender.

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