Deed of postponement UK Mortgage definition

UK Mortgage definition

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Deed of postponement

An agreement whereby a second mortgagee postpones the priority of its mortgage in favour of a further charge taken by the first mortgagee is called a Deed of postponement.


THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
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Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.

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