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  • Home loan terms and mortgage definitions

  • Old system title (common law title)

    A system of land where a purchaser receives a title that is only as good as that which a seller can sell. Old System transactions require examination of a series of deeds and documents relating to all dealings in the land back to what is recognised in law as 'good root of title' (for example, a conveyance for value more than 30 years ago).