Undertaking UK Mortgage definition

UK Mortgage definition

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Undertaking

An Undertaking is a condition of mortgage where the borrower is obliged to carry out certain works within a specified period of time following completion of the mortgage.
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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