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.
- MIG
- Mortgage
- Mortgage Deed
- Mortgagee
- Mortgagor
- 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. |
