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Mortgage approvals still down, along with consumer spending

Mortgage approvals still down, along with consumer spending

This is a discussion on Mortgage approvals still down, along with consumer spending within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; According to the National Association of Estate Agents, the UK property market is now ’stabilising’ - which, if you cut ...

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Mortgage Know-How A mortgage is the transfer of an interest in property (or the equivalent in law - a charge) to a lender as a security for a debt - usually a loan of money. While a mortgage in itself is not a debt, it is the lender's security for a debt. It is a transfer of an interest in land (or the equivalent) from the owner to the mortgage lender, on the condition that this interest will be returned to the owner when the terms of the mortgage have been satisfied or performed. In other words, the mortgage is a security for the loan that the lender makes to the borrower.

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05-27-2008, 12:49 PM

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Mortgage approvals still down, along with consumer spending

According to the National Association of Estate Agents, the UK property market is now ’stabilising’ - which, if you cut through the spin, simply means that a few metrics such as the number of sales agreed and the difference between ...

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approvals, consumer, mortgage, spending

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