M

Monthly Interest
A method of calculating mortgage interest on a monthly basis.

Mortgage Deed
A legal document relating to the mortgage lender's interest in the property.

Mortgage Indemnity Guarantee
See Higher Lending Charge

Mortgage Offer
Sum of money that the lender offers to lend you to pay for a property.

Mortgage Payment Protection Insurance (MPPI)
This is insurance designed to pay your monthly mortgage payment for a limited period, usually a year, if you are unable to work through illness, accident or redundancy.

Mortgage Term
The length of time over which the mortgage is to be repaid. Often this is 25 years - but it can be shorter, or in some cases for longer periods of time.

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

Prudent Retirement Planning Limited is entered on the FSA register ssssssssssssssssssssssssssssssss under reference 458112