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Glossary of Mortgage & Repossession Terms - E

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Exchange of Contracts

The stage in the buying process when the deposit is paid and the sale of the property on the terms agreed by the seller and buyer becomes legally binding.

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Your home may be repossessed if you do not keep up repayments on your mortgage.

The overall cost for comparison is 7.9% APR. The actual rate will depend upon your circumstances. Ask for a personalised illustration. APR variable and based on a usual case. Our fee will depend on your circumstances, and indication is £1995. Evict Stop is a trading style of Nelson Finance Ltd (04483998), 96-98 Liverpool Rd, Kidsgrove, Stoke-on-Trent, Staffordshire, ST7 4EH. Calls to 0870 numbers are charged at national rates.