Mortgagor
The borrower or property owner who grants a mortgage over property as security for a debt.
Related terms
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Mortgage
A loan secured against property, giving the lender rights over the property if the borrower does not meet the agreed obligations.
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Mortgage lender
The bank, building society, fund or other creditor that provides a mortgage and holds security over the property.
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Property debt
Debt connected with property, including mortgages, bridging finance, secured loans, development finance, rent arrears or property shortfalls.
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