This is the paperwork that confirms the details of 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.
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This content of this site is for
information purposes only, as a plain speaking introduction to mortgages.
No claim to the accuracy of information on this site is made and you
are strongly advised to verify information presented
here with a qualified advisor before making any financial decisions
based on this information.
