Letter of Intent (LOI)
A Letter of Intent (LOI) is a document outlining agreements between two or more parties before the agreements are finalised.
To 'Leverage' is the ability to utilise equity within an asset to provide collateral for further debt facilities. For example, leverage is most commonly used when individuals obtain mortgages to purchase a home.
Limited Liability refers to a type of liability whereby a partner or investor cannot lose more than the amount they have invested.
Liquidity is used to describe the degree at which an asset/security can be bought or sold quickly without impacting the price.
Loan Extension is the act of giving a borrower additional time to repay to their outstanding debt. For example, we may extend a loan for 3-6 months if the borrower is looking to refinance.
Loan Repayment is the act of paying back money previously borrowed from a lender.
Loan Start date
The date on which the Borrower enters into the Loan Agreement and the Loan Term begins to run.
Loan-To-Value (LTV) Ratio
The “Loan-to-Value” ratio, known as LTV for short, is the ratio of the loan amount to the value of the property that we lend against. If a property is worth £1m and the LTV is 70%, we have lent £700,000.
Law of Property Power of Attorney (LPA)
A legal document transferring the legal right to the attorney or agent to manage and access the principal's property in the event the principal is unable to do so themselves.