HomeSite MapCompareFinanceDebtCasino Scheme switchThe mortgage definition for Scheme switch:The transfer of your debt from one mortgage product to another one offered by the same provider. A fee is usually charged by your original lender for this. Similar MatchesAnnualised payment schemeAnnualised payment schemeAlthough the borrower pays interest at a variable rate, which can change from month to month, the lender charges a set amount of interest each month and then adjusts the balance at the end of the year. Mortgage code arbitration schemeMortgage code arbitration schemeAn arbitration service between members of the public and lenders. Click to compare definitions of Scheme switch Click to view definitions beginning sc |