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Deposit (Mortgages)
The sum paid to the vendor on exchange of contracts to secure purchase of the property.

Deposit (Savings)
Non-members savings.

Disbursements
The fees your solicitor or licensed conveyancer will incur (e.g. search fees and Registry fees) during conveyancing. These are added to your overall legal bill.

Discount Mortgage
A Discounted rate mortgage offers a reduced interest rate for a fixed period of time, usually around two to three years. The discount is a specified percentage off the lender’s variable rate. If the lender’s interest rates increase, so will the rate of the discounted mortgage, although it will still be lower than the standard variable rate. There will almost always be early repayment charges associated with this type of mortgage.

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