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residence - the normal place of residence, see also: holiday home and second home. maintenance payments - money either paid or received under a court order in respect of a previous partner or child. maisonette - property comprising more than one separate dwelling; used to describe a flat which extends over more than one floor or a flat which, despite there being other units in the building, has its own entrance at street level. mortgage - loan secured by land. mortgage deed - legal document establishing a loan on property. mortgage subsidy - a payment made by an employer to subsidise the cost of interest payments on a home loan. The amount and extent of the subsidy will vary from employer to employer and these can be calculated in a variety of different ways. It is advisable to seek a specific statement from your employer on the operation of the arrangement. mortgage term - length of time before the mortgage loan must be repaid. MPI - Mortgage Payment Insurance - Insurance cover to protect your mortgage payments. mtgs - an abbreviation for mortgage(s) multipliers (income) - factor applied to a prospective borrower's income to calculate how much can be borrowed. See submenu |
M main residence maintrnance payments maisonette mortgage mortgage deed mortgage indemnity guarantee mortgage subsidy mortgage term MPI mtgs multipliers (income) - includes a sub menu Introduction |