Moving House Glossary
Common words or phrases you will come across when moving house ..
- 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.