M
MINING SEARCH
A search to check whether the property may be affected by coal mining activity which
may result in subsidence.
MORTGAGE
A loan to buy a house or flat where the mortgagee lends the mortgagor money in return
for a legal charge being registered against the property to ensure that the loan
must be repaid before the property can be sold.
MORTGAGE DEED
The document signed by the mortgagor to create a legal charge which the mortgagee
can register at the land registry.
MORTGAGE OFFER
The details of the terms upon which the mortgagee is prepared to make the mortgage
loan.
MORTGAGE TERM
The length of time agreed for the repayment of the loan.
MORTGAGED
Where a property has been charged by the owner or mortgagor to the mortgagee.
MORTGAGEE
Somebody who gives someone a mortgage (e.g. a bank or building society)
MORTGAGOR
Somebody who takes out a mortgage (a borrower).