A glossary list of definitions for conveyancing terms and abbreviations beginning with ‘M’ can be found below.

Memorandum of Sale

A document prepared by an estate agent and sent to the seller’s solicitor and buyer’s solicitor. A Memorandum of Sale provides both parties with each others’ details so they may establish contact to start the legal process.

Mining Search

A Search to check whether the property may have been affected by subsidence cause due to coal mining activity in the general area.


A loan to buy a house or flat where the mortgagee lends the mortgagor money in return for a legal charge being registered against the property. This is to ensure that the loan must be repaid before the property can be sold.

Mortgage Advance

The original amount of a mortgage loan on a property.

Mortgage Deed

Also known as a Legal Charge. A Mortgage Deed is a document registered against the legal title confirming an obligation to repay a financial interest to another party, usually in relation to a mortgage or loan.

Mortgage Offer

The document detailing the terms of the mortgage lender upon which they are prepared to loan the mortgagor money to buy the property.

Mortgage Term

The length of time agreed for the repayment of the loan.


Where a property has been charged by the owner or mortgagor to the mortgagee.


Somebody who provides a mortgage, usually a bank or building society.


Somebody who takes out a mortgage. Otherwise known as a borrower.

Mortgage Redemption

Any mortgage secured on a property being sold must be paid off (or redeemed) on the date of completion.