Debt Consolidation

The process of combining outstanding debts e.g. loans, credit cards etc, into one loan.

Deeds

Legal documents that show who owns a property or piece of land.

Deposit

Sum of money which the buyer puts down to secure the mortgage loan after exchange of contracts, usually 5 to 10 per cent of the purchase price.

Direct Debit

A Direct Debit is an instruction from a customer to their bank or building society to make regular payments direct from their account.

Disbursements

All the various costs for carrying out the legal work in relation to buying or remortgaging your home.

Discharge

Paying off a mortgage.

Discount Mortgage

A discount offered by mortgage lenders to borrowers, reducing monthly mortgage repayments often for the first two or three years of the loan period.

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