Farming Restriction (also called a farming Link) This is a term used to describe a condition imposed by a Planning Authority when granting planning consent for the building of usually a dwelling. Usually the application is for an agricultural worker’s dwelling. A typical wording might be “the occupation of the dwelling shall be limited to a person solely or mainly employed or last employed in the locality in agriculture as defined in section 290(i) of the Town and Country Planning Act 1971, or in forestry, or a widow or widower of such a person (including and dependents of such a person, residing with them).” The effect of such a restriction is to limit the number of persons who are entitled to occupy the property and therefore this limits the market to which the property may be sold. See our article on this subject. (note for Hento – possible Link)
Arrears Where a payment due in respect of any form of credit is missed these are arrears. However, with most of the lenders we deal with the only missed payments taken into account and which will affect the terms offered will be arrears on any other mortgages or secured loans. The only exception to this is where an applicant currently lives in a rented property where arrears of rent will also have an impact on the terms offered. Where you think you are about to miss any payment it is important that you contact the lender just as soon as possible. There is no substitute for talking to your creditors if you cannot meet a payment.
Such, new Annual percentage rate to have a loan provider battery charging interest in improve would-be greater than a loan provider billing interest in arrears
Apr (APR) The yardstick by which you can compare the cost of one finance deal with another. This is the true cost of borrowing, in percentage terms and takes into account the cost of obtaining the credit. It is usually higher than the charging rate of interest because it takes into account the total cost of your borrowing over the full term of 
the loan. See also Interest Rate
You should always keep in mind precisely how a loan provider charges its focus features an effect on this
Investment Loans This is finance used for the purchase or lease of plant and equipment, machinery or vehicles. Other names for this are Lease purchase finance, Hire purchase, or leasing. With most purchase type agreements, the credit provider will retain ownership of the goods until and option to purchase fee has been paid at the end of any agreement, though the Consumer Credit Agreement 1974 affords certain rights to those agreements where the credit involved is ?25,000 or less. There are two types of lease arrangements one being an Operating lease and a Finance lease. One important term is sale and lease back which is where an asset is sold to a credit provider and then leased back to the previous owner.
Balance Layer This is exactly a file that shows the condition of activities of a corporate at any provided part of time no matter if constantly from the year-end. The initial area listings the businesses possessions. Repaired Property is either real otherwise intangible possessions. Real Repaired Assets try genuine things such as houses, land, plant, machines gadgets and you may car. Intangible Repaired Possessions are not actual some thing but they are things that provides a value in order to a business instance goodwill otherwise brand brands. Intangible Repaired Assets usually are located just regarding Equilibrium Sheets out of high organizations and in which the goods has been purchased. Such, whenever Nestles bought Rowntrees, that has been a professional brand that was probably has started covered as part of the speed covered the whole providers which might have been accepted while the a keen Intangible Repaired Advantage from inside the Nestles Balance Sheet.