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Mortgage >> Dictionay
 
Listed below are general Mortgage-related terminologies and their meanings. Click on the alphabet to view the list of terms starting with that letter.
 
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
 
  • Capital and Interest Mortgage : Refer Repayment Mortgage.

  • Cashback Mortgage : The mortgage amount or its percentage you will get in cash after finishing your mortgage payments.

  • Charge : It is a rate for possessing a property including normally a mortgage or another debt taken out for the property.

  • Completion (Date of Entry in Scotland): It involves concluding a purchase process. The possession by seller after moving out is turned over to buyer, who moves in.

  • Conclusion of Missives : This term represents the closing phase of the buying procedure in Scotland.

  • Contents Insurance : It is insurance for unplanned damage or burglary of every portable contents consisting of appliances, soft furnishings and furniture.

  • Contract : It is a document explaining the contract in which a property is transferred among involved parties.

  • Conveyancer : This term describes a person who is not a solicitor, yet can carry out conveyancing.

  • Conveyancing : It is the process of passing on property by one party to a different party, normally handled by the licensed conveyancer or the solicitor.

  • Covenant : It is a clause held in a Title Deeds or the lease, which a buyer has to fulfil and it is normally relevant for every potential property holders. A restrictive covenant is one that prohibits the owner from doing something.

  • Credit Scoring : This system is used by lenders for aiding them in determining if they want to lend you money. They enquire you about a chain of questions, your funds and grade your answers. It is your grade which determines your acceptance or rejection.
 

 

 

 

 

 

 

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