Tag: Mortgages
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Credit Union
Credit union in the Context of Mortgages Nonprofit cooperative organizations that provide banking and financial services, including mortgages, home improvement loans and home equity loans, to their members. Similar Terms Credit Credit A measurement of a person’s ability to pay bills on time. […]
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Competent
Competent in the Context of Mortgages A term for a buyer who is legally fit to enter into a sales contract.
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Administrators Deed
Administrators deed in the Context of Mortgages A legal document an administrator of an estate uses to transfer property.
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Administrators Deed
Administrators deed in the Context of Mortgages A legal document an administrator of an estate uses to transfer property.
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Credit Checks
Credit checks in the Context of Mortgages These are checks made when you try to borrow money or purchase goods on hire purchase, and are used to determine the risk of lending you money. They will examine your credit history and check for payment defaults and what you owe to other financial […]
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Deeds
Deeds in the Context of Mortgages These are the documents which contain all the information about a property such as the owner and the rules affecting the property. These are often held by the mortgage lender to ensure they can take possession of the property should you default on the […]
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Loan
Directors’ interests in company contracts Loans to directors Find under this subsection information about Loans to directors in relation to Directors’ interests in company contracts. Conventional loan in the Context of Mortgages A long-term loan a lender makes for the purchase of a home.
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Credit Period
Credit period in the Context of Mortgages The time frame for which the lender agrees to provide you with credit. Similar Terms Credit Credit A measurement of a person’s ability to pay bills on time. Several companies track individuals’ credit histories by detailing late or missed payments on […]
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Contractual Liability
Exclusion And Restriction of Contractual Liability Contractual liability in the Context of Mortgages The terms of a contract to which you must abide. There may be financial or even criminal penalties which you incur if if you do not meet your contractual liabilities. Similar Terms Contractual […]
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Breach of Covenant
Breach of covenant in the Context of Mortgages The failure to obey a legal agreement. Breach of warranty A seller’s inability to pass clear title to a buyer. Similar Terms Deed of covenant Deed of covenant This is a document which confirms that the buyer of a property will comply with the […]
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Contract for Deed
Contract for deed in the Context of Mortgages A contract in which the seller agrees to defer all or part of the purchase price for a specified period of time. Similar Terms Breach of contract Breach of contract The failure to perform provisions of a contract without a legal excuse. Contract […]
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Cashback Mortgages
Cashback mortgages in the Context of Mortgages Cashback mortgages provide you with a single lump sum of cash immediately on completion of the mortgage transaction. The amount of the lump sum is usually calculated as a percentage of the overall loan amount, though it can be a set figure. The […]
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Administrator
Definition of Administrator In accordance with the work A Dictionary of Law, this is a description of Administrator : 1. A person appointed by the court to collect and distribute a deceased person’s estate when the deceased died intestate, his will did not appoint an executor, or the executor […]
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Common Area
Common area in the Context of Mortgages An area inside a housing development that is owned by all residents. Similar Terms Common law Common law A body of laws based on custom, usage and rulings by courts in various jurisdictions.
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Contractual Lien
Contractual lien in the Context of Mortgages A voluntary obligation such as a mortgage or trust deed. Similar Terms Contractual liability Contractual liability The terms of a contract to which you must abide. There may be financial or even criminal penalties which you incur if if you do not […]