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The Mortgage Route A to Z
Property status

This glossary or A to Z should help clear up any confusion as to what terms mean what in the mortgage and insurance industry

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Letter P

Property status

This is meant to describe what use the property will be put to for example a holiday home which is a property that will not be your main address or place of residence. main residence this would be your the normal place of residence.
and finally second home this would be an alternative to your main residence

FSA declaration and important text about mortgage advice