Commitment Fee

Commitment fee in the Context of Mortgages in the United Kingdom

Note: additional topics related to mortatges in the English legal encyclopedia are available here. The fee a lender charges for promising to make a loan.

Similar Terms

Commitment
Commitment
A promise by a lender to make a loan with specific terms for a specified period.

Loan commitment
Loan commitment
A promise by a lender or other financial institution to make or insure a loan for a specified amount and on specific terms.