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A
B
C
D
E
F
G
H
I
J
K
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M
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Letter F
First charge
The legal charge used to secure the primary mortgage. A lender who has the first
legal charge over a property is entitled to be any money from the sale of the
property before any other creditor or indeed the borrower. See also: second
charge.
Some lenders will only allow their mortgages to be secured on a first charge
basis.
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