The borrower himself or attorney on his behalf is required to sign in documents containing various terms and agreements for the mortgage
. The term or condition may contain redemption clauses and conditions when the property would be finally owned by the borrower i.e. after paying off the whole loan amount. The final part of the mortgage process in UK is exchange and completion wherein the seller's solicitor and the borrower meet and the latter agrees to pay a percentage of the purchase price as a non-refundable deposit and promises to pay the rest on the agreed completion date.