Tag: Mortgages
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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 CommitmentCommitmentA promise by a lender to make a […]
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Certificate of Title
Certificate of title in the Context of Mortgages in the United Kingdom Note: additional topics related to mortatges in the English legal encyclopedia are available here. A written opinion on the status of a piece of property based on an examination of the public record. Similar Terms […]
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Distressed Property
Distressed property in the Context of Mortgages in the United Kingdom Note: additional topics related to mortatges in the English legal encyclopedia are available here. Property that is in poor physical or financial condition.
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Application
Application in the Context of Mortgages in the United Kingdom Note: additional topics related to mortatges in the English legal encyclopedia are available here. A document detailing a potential borrower's income, debt and other obligations to determine credit worthiness. Similar Terms […]
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Adjustment Date
Adjustment date in the Context of Mortgages in the United Kingdom Note: additional topics related to mortatges in the English legal encyclopedia are available here. This is the date on which the interest rate changes for a variable rate mortgage.
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Counter Cheque
Counter cheque in the Context of Mortgages in the United Kingdom Note: additional topics related to mortatges in the English legal encyclopedia are available here. A cheque withdrawal made over the counter, issued by the cashier.
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Buildings and Contents Insurance
Buildings and contents insurance in the Context of Mortgages in the United Kingdom Note: additional topics related to mortatges in the English legal encyclopedia are available here. Buildings and contents insurance can often be purchased together protecting both the building structure and your […]
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Boundaries
Boundaries in the Context of Mortgages in the United Kingdom Note: additional topics related to mortatges in the English legal encyclopedia are available here. These are the areas around a property which identify the start and end of the land and ownership.
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Collection
Collection in the Context of Mortgages in the United Kingdom Note: additional topics related to mortatges in the English legal encyclopedia are available here. The series of steps a lender takes to bring a delinquent mortgage up to date.
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Compound Interest
Compound interest in the Context of Mortgages in the United Kingdom Note: additional topics related to mortatges in the English legal encyclopedia are available here. The interest paid on the principal balance in a mortgage and on the accrued and unpaid interest of the loan.