Understanding the terminology used in the home buying and refinancing process is not always easy. There are many mortgage-related words and phrases that may cause confusion.
Our Glossary provides a comprehensive list of mortgage terminology to help you.
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Q
qualifying rules
- Inland Revenue rules which define the conditions that must be met for the proceeds of a life assurance policy to be tax free when paid.
quotation
- a detailed document itemising costs, fees etc. which will be incurred in taking out the specified loan.
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