Mortgage Offer

This is the document issued by a mortgage ender to a prospective borrower following approval of the mortgage application.

Your mortgage offer will set out in detail the conditions on which the mortgage is being made available to you and the mortgage term - the length of time over which the loan is being made available. Mortgage offers are typically peppered with legal terminology such as mortgagee (the lender) and mortgagor (the borrower) and the contract will set out whether the lender requires you to buy mortgage protection insurance.

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