T |
| Tariff of Charges A list of all fees and payments due during the mortgage term. Telegraphic Transfer (T/T) Historical method used to transfer the mortgage advance funds to the solicitor acting in the conveyancing transaction; now known as CHAPS payment. Title Insurance Insurance against loss resulting from defects of the Title Deeds i.e. missing Landlord/Freeholder, uncertainty over ownership of land and/or buildings etc. Total Amount Payable The total of all fees and payments due during the mortgage term. Tracker A mortgage product that tracks/follows the Bank of England Base Rate (BBR). The rate charged may be either BBR plus or minus a given amount. |