The Better-Mortgages uk mortgage terminology glossary (G)

As with any industry, the world of mortgages has it's own language and definitions. Use the definitions in this glossary to look up uk mortgage terminology you are not familiar with.

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Good leasehold

One of four classes of property title which can be registered at the Land Registry. A person with a Good leasehold title is in the same position as a person holding an absolute title (the best), except for one thing. It is that there is no guarantee that the lease has been validly granted.

Ground rent

A sum paid by a leaseholder to the freeholder in respect of a leasehold property. Ground rent is usually paid annually.

Guardian

In Scots law a Guardian is a person who can enter into a contract on behalf of a young person.

Guarantor

A person who promises to be answerable for the debt of another is called a Guarantor .

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