Credit and Mortgage Dictionary: J
Joint Application
A mortgage application that involves more than one person as the borrower.
Joint Liability
Two people who are responsible for a loan or debt.
Judgement Lien
Court ordered monetary judgement against a property owner which has not been paid
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Credit and Mortgage Dictionary: K
NO DEFINITIONS FOR (K)
Credit and Mortgage Dictionary: L
Land Registry
A record of property, ownership and the mortgage is registered in a central register at HM land registry.
Land Registry Fees
A fee payable to the land registry to change an entry in their records following a transaction involving registered land. This can be following a change of ownership or just a change of […]
Credit and Mortgage Dictionary: M
Main Residence
The normal place of residence. See also: holiday home and second home.
Maisonette
A property comprising of more than one separate living areas; used to describe a flat which extends over more than one floor or a flat that has its own entrance at street level.
Mandatory Products
Compulsive items in the financial package that you […]