Capital and Interest Mortgage
See Repayment Mortgage

Capped rate
Your mortgage interest rate can go up or down, but wont go above a certain level during the capped period.

Cashback Mortgage
You receive a lump sum or a percentage of your mortgage in cash when you complete your mortgage.

CCJ
County court judgement. Handed out for non-payment of debt.

Charge
An interest in the ownership of a property; usually a mortgage or some other debt secured against the property.

Completion (Date of Entry in Scotland )

End of the purchase process. The seller moves out, the buyer moves in and ownership is transferred.

Conclusion of Missives

Final part of the purchase process in Scotland .

Contents Insurance

Insurance against accidental damage or theft of all moveable contents, including furniture, appliances and soft furnishings.

Contract

A document that describes the agreement under which the property will change hands.

Conveyancer

A person other than a solicitor who may conduct the conveyancing.

Conveyancing

The process of transferring property from one party to another, usually managed by a solicitor or a licensed conveyancer.

Covenant

A condition, contained within the Title Deeds or lease, that the buyer must comply with, which is usually applied to all future owners of the property. A restrictive covenant is one that prohibits the owner from doing something.

Credit Scoring

Lenders often use a system called credit scoring to help them decide whether to lend to you. They ask a series of questions about you and your finances and score your answers. Depending on your score you will be accepted or declined.

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