An Illiquid Asset is one that cannot be sold easily. There is usually a lack of investors willing to buy this asset.
In-Fill Development is the development of land that is surrounded by developments/buildings in an existing community. Thus, the term 'In-Fill' implies the new development is filling in the gaps.
An Income Multiple is the factor by which a lender will multiply a borrower's gross annual salary to determine their borrowing capability.
An Income Property is one that has been developed or brought for the purpose of renting out to create an income.
An insurance policy that protects business owners and employees when they are found to be at fault due to an error.
Individual Savings Account (ISA)
Individual tax-free savings accounts that currently come in three forms: Cash ISA, Stocks and Shares ISA, and the Innovative Finance ISA.
Individual Voluntary Arrangement
An Individual Voluntary Arrangement (IVA) is an agreement made with creditors to pay of parts of an individual’s debt. It is a formal alternative for individuals wanting to avoid bankruptcy.
Industrial property is a form of commercial property that is designed for the use of manufacturing or warehousing for example. An example of industrial property is a warehouse that is used to manufacture cars.
Innovate Finance ISA (IFISA)
The Innovative Finance ISA is a new type of ISA that includes marketplace lending as part of the tax-free ISA wrapper.
Interest is the charge for borrowing money, you will often see this as an annual percentage rate. An example is Lendy may charge a borrower interest of 10% on a loan for £500,000 thus, over the period of the loan the borrower would be charged £50,000 to borrow this money.
Interest which is not credited monthly to investors but which is recorded as owing to investors.
Interest Cover Ratio
Interest Coverage Ratio is used to measure a company’s or individual's ability to pay interest on their debt. It is calculated by dividing the company's earnings before interest and taxes by the interest expense.
A document stating the amount of interest earned during a defined period.
An Interest-Only Loan is a loan whereby the borrower only pays interest on the principle balance.
Intermediaries, sometimes referred to as brokers, are professionals who act as a middleman between two parties. For example, an intermediary may liaise with Lendy to obtain property finance on behalf of their client.
An Investor is a person who invests money with the expectation of a financial return.