APR measures how much a loan or other line of credit costs you in interest over one year, and it is expressed as a percentage of the total amount of money that you borrow.
The person(s) applying for a property to potentially buy.
According to the Financial Services Authority (FSA), an arrangement fee is a commitment or administration fee usually payable to the lender to reserve the mortgage funds.
Any item of economic value owned by an individual or corporation, especially that which could be converted to cash.
The process of buying and selling goods or services by offering them up for bid, taking bids, and then selling the item to the highest bidder.