Lasting Power of Attorney – A Lasting Power of Attorney is a legal document that lets the donor appoint one or more people to make decisions on their behalf. This happens when they’re no longer able to make those decisions for themselves.
Donor/Granter – The person that the Lasting Power of Attorney is for, the person who appoints a trusted friend or family member (or more than one) to help make decisions on their behalf.
Attorney – The person(s) chosen to make the decisions.
Mental Capacity – A person with mental capacity is considered to have a general understanding of the decision they need to make, why they need to make it and what is likely to happen when they make it.
Office of Public Guardian – A government department that administers Lasting Power of Attorney and protects people who lack mental capacity.
Deposit Accounts – The personal savings accounts we offer. We offer fixed rate, short term fixed rate, 8 day notice and no notice deposit accounts. For more specific product information please get in touch.
ISA’s – The Individual Savings Accounts we offer. We offer a Fixed Rate ISA and a Junior Cash ISA. For more specific product information please get in touch.
Equity Release Mortgages – A mortgage specifically designed for homeowners who want to release equity from their property. We don’t sell equity release mortgages anymore. In the past we’ve offered a wide range of equity release style mortgages including lifetime mortgages, flexible lifetime mortgages, equity advance plans and shared growth plans. For more specific product information please get in touch.
No Negative Equity Guarantee – Products which meet the Equity Release Council Product Standards are required to feature this clause. This guarantee means the estate will never owe more than the property is worth when it’s sold to repay the equity release mortgage.
Residential Mortgages – A residential mortgage is a large long term loan taken out by one or more people to buy a home to live in, not to rent to tenants or used for commercial purposes.