Your mortgage deed and contract entered into when taking out the loan obliges you to maintain regular mortgage repayments and, in the event of there being arrears on your account, your lender can begin an action for repossession.
What does MD stand for?
MD stands for Mortgage Deed
This definition appears very frequently and is found in the following Acronym Finder categories:
- Business, finance, etc.
See other definitions of MD
We have 294 other meanings of MD in our Acronym Attic
- Modificador Directo (Spanish grammar)
- Modulation Depth
- Module Designer (gaming)
- Mogen David (wine)
- Moldova (ISO country identifier)
- Molecular Dynamics
- Monochrome Display
- Monocular Deprivation
- Months After Date
- Morphologic Diagnosis (histopathology)
Samples in periodicals archive:
404 billion through credit facilities in the name of fake persons against fake collaterals/ fictitious guarantees & mortgage deeds.
Your solicitor will send your mortgage deed to you to sign.
Nobody in their right mind is going to buy any apartment on a derelict site, but there are many prospective rich speculators waiting to take over a partially-built project if only they could just get their hands on the land's mortgage deeds.
Mr Wright said the powers granted by the LPA - or express powers under the mortgage deed - can be particularly valuable during an economic slump, when lenders urgently need to protect cash flow and look for ways to ensure that all of the property on their books is generating income.
There were 25 lenders offering 100% loans in January, and now there are only two - Bank of Ireland and Bristol and West, which require a parent or grandparent named on the mortgage deed in an enhanced guarantor scheme.
Mr Bovey, who is also office partner at MFG in Bromsgrove, said the online facilities, which are designed to ease access to mortgage deeds, titles, and other records, had made it possible for individuals intent on fraud and forgery to break the law.