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Moving House Glossary



Common words or phrases you will come across when moving house ..



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  • Repayment Mortgage - Monthly interest combined with capital repayment against the original sum borrowed.
  • Repossession - When loans are in default the mortgage lender can repossess the property and sell it so they can repay the debt.
  • Retention - Holding back part of a mortgage loan until repairs to the property are satisfactorily completed.