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UK House Buyers Glossary - M
This page of our online a to z glossary is for UK house buyers terms beginning with the letter 'M'.
- Matt Finish - a non-glossy, dull surface.
- Mortgage - a loan for which the house is used as the security. The lender (a building society or bank) assumes certain rights including the power to sell the house to recover their money if the repayments on the loan are not made.
- Mortgage protection policy - an insurance policy which protects the home owner against inability to make mortgage repayments due to redundancy, sickness, accident or disability.
- Multiple agency - a number of estate agencies market a property and the one that sells it gets the commission - the others get nothing. Normally you will have to pay a higher commission fee.
