A fee a lender imposes on a borrower when the borrower does not make a payment on time.
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Bankruptcy charge
Bankruptcy charge This 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 certificate
Charge certificate A certificate from the Land Registry that shows the boundaries of a property and gives details of covenants affecting it.