A mortgage is a type of secured loan which is provided by way of a "mortgage" over the title to a property, whether it be residential, commercial, industrial or any other type of property.

The Lender will provide finance equalling a certain percentage of the value of the property being provided as security.  Different loans are required for different purposes. 

There are a number of different places to obtain finance:

• Banks
• Building societies
• Mortgage providers
• Life insurance companies
• Credit unions

Possible costs and fees that may be payable when applying and obtaining finance include: 

• Valuation fee
• An application or establishment fee
• Fees payable in connection with a panel solicitor preparing mortgage documents
• Registration and stamp duty fees

Contact Shire Legal to arrange a consultation with an experienced solicitor.

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