HomeSite MapCompareFinanceDebtCasino First chargeThe mortgage definition for First charge:If your property is collateral for more than one property and the borrower defaults on payments, the lender with a first charge has the option to repossess the home. Similar MatchesBankruptcy chargeBankruptcy chargeThis is an investigation carried out by the Land Charges Registry to check if a purchaser is or has ever been bankrupt. Most mortgage lenders will insist on this search being carried out and it usually carries a small charge. Charge certificateCharge certificateA certificate from the Land Registry that shows the boundaries of a property and gives details of covenants affecting it. DischargeDischargePaying of the remainder of a mortgage. Further SuggestionsDischarge feeLate charge Unpaid ground rent charge Click to compare definitions of First charge Click to view definitions beginning fi |