Paying off the mortgage at the end of the mortgage term.

See Early Repayment Charge.

Taking out a new mortgage to replace an existing one, secured on the same property. The new mortgage can be with the same or a different lender or it could be for a higher amount.

If a customer does not keep up the repayments on a mortgage or other loan secured on property, GE Money has the right to take over the property and sell it to get its money back. Before this would happen, lenders would typically contact the customer to help find a way of getting back on track. If there is no other way for GE Money to get repaid, they could take legal action to seek a repossession order from a Court.

Right to Buy is a Government run scheme that allows some tenants to purchase the property that they rent from the Council at a price lower than the full market value