understanding financial jargon
Annual Review Scheme
This applies to variable rate mortgages. The borrower's capital repayment is set once a year, with interest charged to the account at the going rate. If the review period happens during a period of interest rate volatility, an Annual review scheme could result in a larger than average change in total repayment each year.
What to do if you need more help
If you need more help with your specific commercial loan, mortgage or insurance requirement please speak to a professional financial adviser.
We hope you found this information useful.
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