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Mortgage Types :
Mortgage Companies :
Building Societies :
Loans :
Loan Companies:
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| Listed below are general Mortgage-related terminologies and their meanings. Click on the alphabet to view the list of terms starting with that letter. |
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Land Certificate : This Land Registry Certificate is to establish property rights.
- Land Registry : It is a government organisation and it contains the books and paperwork of entire registered properties of England, as well as Wales.
- Land Registry Fee : This fee is payable to the register of Land Registry for recording your details when you purchase a property or if mortgage lenders are altered.
- Leasehold : To have property possession, but you will have no rights over the land it is situated on. It usually needs ground rent payment to the property-owner.
- Life Assurance : This insurance makes payments in case of the demise of policyholder. Policies can operate along with the mortgage and will make payments for everything or section of the unresolved debt in case you die.
- Local Authority Search : It involves an investigation of the neighbourhood for underscoring everything, which influences the property or adjoining area, for instance planning permission, planned road construction and others.
- Loan to Value (LTV) : The mortgage sum is articulated as the percentage of its property worth. For instance, in case your mortgage amount was £70,000 and your value of your property is £100,000, then the loan to value (LTV) is 70%.
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