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Glossary
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Welcome to the Glossary of Terms page. To find the term you are looking for, please select from the A-Z list by clicking on the letter. |
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| Negative equity | | This occurs when the property value has fallen below the amount of mortgage still owing, i.e. your property is worth less than the amount you owe for it. | | | Non-status mortgage | | Mortgages offered by lenders without any proof of previous mortgage history, proof of income. | |
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