Below are alphabetical listings of definitions of acronyms and terminology that may be used throughout this site.
Contact us 24 hours a day:
Gross Interest Rate
The gross interest is the rate of interest we pay before taking off income tax at the rate set by law (currently 20%, except for Cash ISA's which are tax-free).
Higher Lending Charge
Some lenders impose a Higher Lending Charge for mortgages where the amount borrowed exceeds a given percentage of the value of the property. Northern Bank do not impose a Higher Lending Charge on any mortgage product.
International Securities Identification Number (ISIN) is a unique 12-character, alphanumeric code used to identify a tradeable security or financial instrument (share, bond, warrant etc) and provides for uniform recognition and tracking of international securities transactions throughout the trading to settlement process. For example, the ISIN for Marks & Spencer PLC is GB0031274896