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Jargon
Description
Equity
In the property market - This is the difference between the value of the mortgage against a property and its current market value. If the sum of all loans secured on a property is greater than the mar
Express Debt Test
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Total of unsecured debt
£0 - £8,000
£8,001 - £12,000
£12,001 - £17,000
£17,001 - £25,000
£25,000 - £50,000
£50,001 and above
Number of creditors
1
2
3
4
5+
Income
Residential Status
Homeowner
Council tenant
Private tenant
Other tenant
Living with parents
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