Balance is the amount of money available in a financial account.
The balance shown for your Lendy account is the amount you currently have left to invest in our loans on the platform.
Bank of England Base Rate
The Bank of England base rate can go up or down and is announced by the Bank of England's Monetary Policy Committee. Banks and building societies use the base rate when calculating their interest rates for some mortgage products.
Bankruptcy is an official legal status of an individual that is unable to repay the debt it owes to creditors.
Basis point (BPS) refer to a common unit of measure for interest rates and other percentages in finance. One basis point is equal to 1/100th of 1%, or 0.01% (0.0001), and is used to denote the percentage change in a financial instrument.
A bond is a debt investment in which an investor loans money to an entity (typically corporate or governmental), which borrows the funds for a defined period of time at a variable or fixed interest rate. ... Owners of bonds are debtholders, or creditors, of the issuer.
A borrower is a legal name for an individual using funds from a business or individual for a set period of time upon the condition of promising to repay the loan. At Lendy our borrowers range are typically property developers and entrepreneurs.
Bridging is a more colloquial, shortened term for bridging finance.
A broker is a person or a company that acts as an intermediary between buyers and sellers.
Buy-to-let (BTL) mortgages are for landlords who buy property to rent it out. The rules around buy-to-let mortgages are similar to those around regular mortgages.