Mortgage Offer
This is the confirmation of the how the mortgage lender is prepared to lend you the money. This is a very important piece of paper and should be read carefully.
Your mortgage offer will set out in detail the conditions on which the mortgage is being made available to you the amount and the mortgage term - the length of time over which the loan is being made available.
Also it will state if their are any other compulsory insurance's or conditions attached to your loan. It will also advise you if the loan is portable or if there are any early redemption penalties. Back to Glossary
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