Glossary

Term - The maximum time over which the Mortgage or loan will be active.

Title - The document that confirms the right of possession to an area of land.

Title Search - An investigation, carried out by a conveyancer or solicitor, into the history of ownership of a property. The search will check for liens, unpaid claims, restrictions or any other problems that may affect ownership.

Tracker Mortgage - A Mortgage with an interest rate that tracks another rate, typically either the Bank of England Base Rate or the lender's Standard Variable Rate.