| A mortgage is a loan where property, often the customer’s home, has been used as security. The lender takes a legal charge over the property until the loan has been repaid. It is always the first charge on the property. Mortgage DeedThe mortgage deed is a formal document that is signed by a customer(s) to agree to the lender registering a charge over the property. Standard Security is the Scottish version of a mortgage deed. Mortgage IntermediaryA mortgage intermediary is a person or firm that helps people arrange loans or mortgages. Some intermediaries deal with many lenders and others deal with one or a small number. The Mortgage Offer Letter is a contract sent by GE Money to the customer outlining the borrowing arrangements. The customer has to sign this document to confirm they accept the terms prior to any funds being released. The Mortgage offer Letter is also known as the Offer of Advance. | |
|
Home | Help | Contact Us | Customer Support |
|
| |