A judgement reached in the County Court generally relating to non payment of a loan, mortgage etc debt in general. Charge

The term used when the seller and buyer exchange the finances required to buy a property through their respective solicitors and the buyer becomes the legal owner of the property. Conveyance

A form of security document creating fixed and floating charges over the assets of the charger. Debt Service

The pre-agreed interest rate on a mortgage which is fixed for a set period of time.

The borrower is only required to pay interest on the amount borrowed during the mortgage term. Intermediary

Ratio of what you are borrowing against the value of the business.

The company lending you the money. Mortgagor

These include rent, rates, loan interest, insurance, professional fees and depreciation. Overheads (variable)

An association of at least 2 people.

You own your business and keep all the profits you make after tax, but equally, any business losses are your losses. Structural survey