Mortgage Glossary: T

Glossary of Terms
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Term Assurance Term Assurance is a type of life assurance policy. This policy is designed to pay off the mortgage in the event of premature death during the life of the loan. Level term and reducing term are two types of term assurance.
The Financial Ombudsmen The Financial Ombudsman will help out with most financial complaints. They may be contacted at:

The Financial Ombudsman Service
South Quay Plaza
183 Marsh Wall
London E14 9SR
Telephone: 0845 080 1800

Title Deeds Title Deeds are a type of document that prove the legal ownership of a property or piece of land.
Tort Tort refers to a wrongful act for which a person could be sued, and includes negligence, nuisance, libel, trespass or injury. Tort also includes inducement to break a contract, and affects the interests of an individual.

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