Return to the Mortgage Glossary Home to view explanations for all mortgage terms. What follows is the definition for the term Mortgage Offer as it relates to mortgages in the UK. Mortgage OfferThe Mortgage Offer is the paperwork that serves as an official record of the amount of money that a mortgage lender is prepared to offer you, and under what terms they are prepared to offer it. The mortgage offer will also normall include any details around certain conditions that have to be met as part of the offer. These could include certain insurance policies that must be taken out to satisfy the requirements of the lender It should also make clear whether or not there are any redemption penalties
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