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IFA

Independent Financial Advisor.

Individual Savings Account mortgage (ISA)

An interest-only mortgage linked to an Individual Savings Account fund, which is designed to pay off the loan at the end of the period.

Inflation

The general rise in prices over time.

Interest charges

The charges that banks make on any given loan, calculated as a percentage of the amount borrowed.

Interest-only mortgage

A type of mortgage in which the borrower only repays the interest on the loan for the duration of its term and repays the full loan amount at the end of the mortgage period.

Inventory

A list describing the condition of furnishings and contents of a property at the commencement of the tenancy, against which dilapidations/weaknesses etc which occur during the tenancy can be measured.

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