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UK Property definition

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Outright sale

In the specific context of Scottish land law, an Outright sale is where a new vassal takes the place of an existing one, with the latter coming out of the feudal chain.
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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