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main
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
indemnity guarantee
-
see high loan to value fee
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
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M
main residence
maintrnance
payments
maisonette
MIG
mortgage
mortgage deed
mortgage indemnity
guarantee
mortgage subsidy
mortgage term
MPI
mtgs
multipliers
(income) - includes a sub menu
Introduction
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