D

Debt Consolidation
The process of combining outstanding debts e.g. loans, credit cards etc, into one loan.

Deeds
Legal documents that show who owns a property or piece of land.

Deposit
Sum of money which the buyer puts down to secure the mortgage loan after exchange of contracts, usually 5 to 10 per cent of the purchase price.

Direct Debit
A Direct Debit is an instruction from a customer to their bank or building society to make regular payments direct from their account.

Disbursements
All the various costs for carrying out the legal work in relation to buying or remortgaging your home.

Discharge
Paying off a mortgage.

Discount Mortgage
A discount offered by mortgage lenders to borrowers, reducing monthly mortgage repayments often for the first two or three years of the loan period.

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