MyLondonHome Sales JargonThis is a document to be signed and returned to the mortgage lender upon acceptance of their mortgage offer.

 


 

MyLondonHome Sales JargonThis is a fee charged by the mortgage lender to cover the costs of the mortgage application. If a mortgage application fails to complete, this fee may not be refunded.

 


 

MyLondonHome Sales JargonThis rate is used to compare different mortgages and by law, it includes all chargeable fees including booking, arrangement and redemption fees. Ultimately, the APR should show the exact cost of borrowing and should be clearly illustrated on all mortgage illustrations and quotes.

 


MyLondonHome Sales JargonThis is an industry term for the potential purchaser.


MyLondonHome Sales JargonThis is the increase in value of a property usually as a result of changes in the market.


 

MyLondonHome Sales JargonThis is the transfer of ownership of a lease, most commonly encountered in off-plan transactions.


 

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