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Silly Question
FTB_Doll
Posts: 206 Forumite
Had our mortgage offer and got a email from solicitor with a mortgage deed form we had to sign and get witnessed. Whats this for? x
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Comments
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It is formal authority (agreement) for the lender to place a charge on your property as security for the loanHi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0
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Ohhh so saying that we will own it? sorry im totally new to this x0
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Don't quote me on this, but I think it says that you and the bank own the property
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The money you borrow to buy a property, is a loan.
The deed tying the loan to the security property, is the mortgage.
We've all got used to describing a "homeloan" as a mortgage, but the above is the book answer, as SPM explained.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0 -
Ahhh thanks guys so all pretty standard? Xx0
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