Industrial home loan This is a loan used to buy a commercial premises. The property itself is used as security to protect the lender from non-payment.
An endowment plan is designed to build up an earnings contribution highest enough to repay the loan at the conclusion of the borrowed funds term
Commercial remortgage A commercial remortgage is a new mortgage loan that’s agreed on commercial premises without actually moving. This can either be with the existing lender or a new one. Surplus funds from new loan can be used for improvements or debt consolidation.
Completion This is the final stage of the conveyancing process, when legal ownership of a property transfers from one person to another.
When you get a mortgage, the financial institution will determine your application and honor ‘points’ depending on your responses
Conveyancing This is the term used to describe the legal process of buying and selling property and involves the transfer of the title deed from one owner to another.