DIP – Decision In Principle (Superseded with an AIP, above) DPS – Deposit Protection Service DSCR – Debt Service Cover Ratio DSS – Department For Social Security DUV – Done Up Value DVR – Discounted Variable Rate (This Is A Discount On The Variable Rate Of A Mortgage) DWP – Department Of Working Pensions EER – Energy Efficiency Rating EICR – Electrical Installation & Condition Report EPC – Energy Performance Certificate ERC – Early Redemption Charge ERV – Estimated Rental Value FCA – Financial Conduct Authority FIBA – The Financial Intermediary And Broker Association FIRST CHARGE – A Legal Charge Executed Against A Property Equating To The Value Of The Debt Or Lenders Loan FIXED-TERM MORTGAGE – A Mortgage With A Fixed Interest Rate Over The Term FLIP – A Property That Is Purchased, Improved And Sold For Profit FREEHOLD – The Permanent or Absolute Tenure of The Land or Building FTB – First-Time Buyer