terms used

A B C D E F J L M N O P R S T U V

Click a term for an explanation.

1. MIG
2. Mortgage
3. Mortgage Deed
4. Mortgagee
5. Mortgagor
6. Mortgage Valuation

MIG
Mortgage Indemnity Guarantee usually insisted upon by Building Societies if you are borrowing more than 90% of the purchase price. Effectively an Insurance Policy for the Exclusive benefit of the Building Society which guarantees Repayment of their loan if default offers within 12 months. Premiums sometimes paid by you or the Building Society.