This week in the A – Z of Conveyancing, we’ll go through the commonly used terms in relation to conveyancing, looking at the letter M.


A mortgage is the loan taken out to assist in the funding of a purchase of property. Mortgages are typically 25-to-30-year loans payable by weekly, fortnightly or monthly instalments to your lender. The terms and conditions vary from lender to lender and the type of loans offered. The mortgage grants an interest in the property to the lender and consequentially the mortgage will be recorded on the title for the property.


A Mortgagor is the borrower under a mortgage agreement and is responsible for meeting the repayment obligations of the loan.


A Mortgagee is the lender under a mortgage agreement. This may be a bank, credit union or private lender. Under the loan/mortgage agreement, you will be responsible as the borrower to make periodic repayments to the mortgagee.

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