Extended Tie in Period Explained
When you take out a mortgage, there will usually be a tie in period during which if you leave the relationship with the mortgage lender during that period you will have some sort of early repayment charge to pay. Sometimes the tie in period will be beyond the period during which you are at the discounted rate, or an agreed fixed rate - this is called an extended tie in period as it lasts beyond the orthodox tie in period.
Property Articles
We hope you find this mortgage glossary / explanation of mortgage terms useful. You might also be interested in our articles on a range of property related issues, a selection of which are listed below:- Buying Old Property
- Guarantor Mortgages
- Tracker Mortgage Details
- Property Development Mortgages
- Fixed Rate Mortgages
- Looking after a let property
- Finding Property Prices
- House Price Index
- Buying a house with friends
- Researching Spanish Property
- Viewing a Property
- Quick Information on Credit Scoring
- Equity Release Schemes
- Business Transfer Agent
- Equity Release FAQ
