C

Capital and Interest Mortgage
See Repayment Mortgage

Cashback Mortgage
You receive a lump sum or a percentage of your mortgage in cash when you complete your mortgage.

Charge
An interest in the ownership of a property; usually a mortgage or some other debt secured against the property.

Completion (Date of Entry in Scotland)
End of the purchase process. The seller moves out, the buyer moves in and ownership is transferred.

Conclusion of Missives
Final part of the purchase process in Scotland.

Contents Insurance
Insurance against accidental damage or theft of all moveable contents, including furniture, appliances and soft furnishings.

Contract
A document that describes the agreement under which the property will change hands.

Conveyancer
A person other than a solicitor who may conduct the conveyancing.

Conveyancing
The process of transferring property from one party to another, usually managed by a solicitor or a licensed conveyancer.

Covenant
A condition, contained within the Title Deeds or lease, that the buyer must comply with, which is usually applied to all future owners of the property. A restrictive covenant is one that prohibits the owner from doing something.

Credit Scoring
Lenders often use a system called credit scoring to help them decide whether to lend to you. They ask a series of questions about you and your finances and score your answers. Depending on your score you will be accepted or declined.

Your home may be repossessed if you do not keep up repayments on your mortgage