Annual General Meeting (AGM)
Yearly meeting held after the end of each financial year. A formal meeting at which the Board of directors report on the results of the previous year.

Annual Equivalent Rate (AER)
This illustrates, to two decimal places, what the interest rate would be if interest was paid and added each year.

Annual Percentage Rate (APR)
The standard calculation used to show the total cost of a mortgage or other loan. Includes costs such as interest payments, valuation fees, legal fees and administration fees which are not included in the basic interest rate.

Application Fee (Mortgage Application Fee)
The sum of the valuation fee and the non-refundable administration fee.

Arrangement Fee
The charge some lenders make for providing a loan.

Arrears
The term used when falling behind on your mortgage payments.

Accident, Sickness and Unemployment (ASU)
Insurance which covers your mortgage repayments in the event you are unable to work.

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