A legal agreement in which you borrow money from a bank in order to buy a house or flat.
Mortgage
An instruction to your bank to regularly pay a fixed amount of money to a person or organization (e.g. £1,000 on the first day of each month)
Standing order
An instruction to your bank to regularly pay money from your account to a person or organization (the amount can change and is decided by the person who you are paying)
Direct debit
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