The amount of money you still owe on your mortgage.
Capital Gains Tax
A Capital Gains Tax is a tax on the gain or profit you make when you sell, give away or otherwise dispose of something. It applies to assets that you own, such as shares or property. There's a tax-free allowance and some additional reliefs that may reduce your Capital Gains Tax bill. Sometimes you may have no tax to pay.
Capital and Interest mortgage
This is the most common way to repay your mortgage. Your regular repayment is made up of some of the amount borrowed plus interest every month. It means your mortgage will be repaid in full by the end of the term providing all payments are maintained in full and on time.
Card Protection provides valuable protection in case you lose your credit, debit or store cards or if they are stolen.
Card reader is an extra level of security used by Esbank to reduce fraud when you access your accounts online. It uses something you have (such as your current account Visa debit card) and something only you know (your PIN) to generate a unique eight-digit passcode for you to access your Internet Banking service and to authorise transactions.
Card Security Code
Your Card Security Code is the last three numbers that appear on the back of the card you are using to make the payment. It can also be called a Card Verification Code.
A card that allows you to take your money from a cash machine or branch.
The Clearing House Automated Payment System (CHAPS) is used to transfer cleared sterling funds within the UK, for same day settlement. There is a £20 charge for CHAPS payments from current accounts (there's no charge for FlexOne current accounts) and a £25 charge for mortgages. Same day CHAPS payments can only be made if actioned/ordered before 3pm.
A cheque is a document that orders a payment of money from a bank account. You write a cheque, by giving details of who the cheque is to be paid to and for how much. You then date and sign it, give it to the person you are paying, they then give the cheque to their bank or building society who will then pay them the amount that you have written in the cheque. FlexOne current accounts do not offer a cheque book.
Child Trust Fund
The Child Trust Fund was a government backed savings and investment account for children. Child Trust Funds are no longer available, however every child born between 1st September 2002 and 2nd January 2011 will receive a voucher that can be used to open a Child Trust Fund account.
Chip and PIN
Chip and PIN is a system which allows you to approve purchases made with your credit or debit card by entering a four-digit PIN which only you know. This is more secure than just a signature which could be forged. For security, you shouldn’t write your PIN down or tell it to another person.
Citizenship (In Esbank)
Citizenship is about how we can use our products, services, campaigning and community investment collectively to deliver a greater social impact.
Something of value that is given as a guarantee to the lender that you are able to pay back the loan; in the case of mortgages it is the house itself.
Something, typically money, awarded to someone for loss, injury, or suffering.
The final stage of the sale when the ownership changes hands from the seller to the buyer.
Consent to Let (mortgage)
Permission from your mortgage provider will be required if you wish to let/rent out your property if your current mortgage is arranged on a residential basis.
The material used to build the wall of the insured property i.e. brick or other material.
Contactless payments let you make quick, easy and secure payments for everyday purchases under £30 using your Visa debit card. There's no need for a PIN or a signature, just touch your card on a contactless card reader.
Insurance against damage to or theft of the contents of your house including furniture and furnishings, TV and audio, all electric goods and appliances, clothing and jewellery.
We will automatically renew your insurance policy every year without changing the payment method.
Continuous Payment Authority
An agreement set up with a company to pay regular amounts, similar to a Direct Debit but set up between the customer and the company with no mandate with the bank.
Contract Variations (mortgage)
Varying the terms of an existing mortgage, for example reducing/extending the term or converting the repayment type.
The process of transferring ownership from one person to another.
A cookie is a text file placed on your hard drive by some web pages that you have visited. Cookies may contain information about you and your preferences. Only the information that you provide, or the choices you make while visiting a website, can be stored in a cookie. For example, the site cannot determine your e-mail address unless you choose to type it. A cookie does not give the website access to the rest of your computer. Only the site that created the cookie can read it.
County Court Judgements (CCJs)
Is an order made in a county court for a debt to be repaid in England and Wales.
Credit rating is a rating system used by financial institutions, to judge an individual or company's creditworthiness. Depending on how many points the applicant gets when his/her personal details are run through the rating system, the financial institution will either accept or reject the risk. Financial institutions rely on computerised credit rating systems, and co-operate with each other in providing details of bad credit risks.
Credit reference agency
Credit reference agencies are organisations that gather information about people and businesses across the UK. This information comes from lenders such as banks, credit card companies and fraud prevention agencies, as well as records in the public domain.
Credit report is a report issued by a credit agency usually for a small fee which highlights someone's past purchase behaviour and credit rating.
Credit scoring is a way of assessing someone’s financial status. This is used to decide which credit facilities can be offered to customers.
A credit search is when we carry out a search on your name and address with a credit reference agency to help us understand more about your credit history. Each time a search is done it is noted on your credit record to let other organisations know that we have asked for information about you.