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Mortgage lenders hit property investment with rate hike

Mortgage lenders hit property investment with rate hike

This is a discussion on Mortgage lenders hit property investment with rate hike within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Three UK high street mortgage lenders have upped the costs of their fixed-rate home loans. Bradford & Bingley, First Direct ...

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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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06-27-2008, 12:09 PM

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Mortgage lenders hit property investment with rate hike

Three UK high street mortgage lenders have upped the costs of their fixed-rate home loans. Bradford & Bingley, First Direct and the Co-operative bank stepped up fees on Wednesday as banks... [[ This is a content summary only. ...

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hike, hit, investment, lenders, mortgage, property, rate

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