Managing My Money Glossary
Glossary of terms used in Managing My Money.
Browse the glossary using this index
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HM Revenue Customs (HMRC)HMRC is the department responsible for the business of the former Inland Revenue and HM Customs and Excise. It collects the bulk of tax revenue as well as paying tax credits and Child Benefit. | |
Help to Buy schemeName given to two government schemes to help with home purchase. The first provides a government loan to top up the deposit when buying a new-build home. Under the second, the government acts as a guarantor where a lender offers a 95% LTV loan to buyers of new-build and existing homes. | |
HeuristicsRules of thumb used to guide one in the direction of probable solutions to a problem. | |
Housing Association (HA)An organisation that primarily provides rental properties, particularly for those who are economically or socially disadvantaged. | |