GLOSSARY - T
Tenure |
The type of ownership of an asset and the land it stands on. |
Term |
The time duration involved to take the mortgage out over which is to be repaid at the end. |
Tie-In Period |
The time for which the borrower is required to stay with the lender after the special deal has ended. Redemption penalties may be charged if the mortgage is moved during this period. |
Title Deeds |
Legal documents which authenticate the ownership of the property. |
Transfer Deed |
The legal document used when there is to be a partial transformation in the property ownership. |
TCF |
Treating Customers Fairly is one of the core philosophies of the FSA regulation that states that recommendations and advice should be given with customer as the first priority. |
Tax Free Cash Sum |
A part of pension payment at retirement, that in a pension mortgage is used to repay the mortgage loan. |
Title Deeds |
Legal documents containing the details of property. |