Tie in period
The mortgage definition for Tie in period:
As a condition of a special mortgage deal (discount or fixed rate, for example), you may have to agree to stay with the lender for a period of months or years after the deal has ended. If you move your mortgage elsewhere during this period, you may have to pay an early redemption charge.
Benefit periodBenefit period
A time period over which the interest rate of a loan is discounted, fixed or capped, for example.
Credit periodCredit period
The time frame for which the lender agrees to provide you with credit.
Discount periodDiscount period
The time at the beginning of a mortgage life span when you are offered reduced repayments. Can be useful to help you overcome the often significant outlay involved with buying a property.
Further Suggestions Early repayment period
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