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Realestate Briefing :- More expensive mortgages on the cards after …

This is a discussion on Realestate Briefing :- More expensive mortgages on the cards after … within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; From Dailymail.co.uk: Homeowners and savers will pay the price for yesterday’s emergency rescue of Britain’s biggest mortgage lender.The extraordinary £15billion ...


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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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Old 09-18-2008, 10:45 AM
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Default Realestate Briefing :- More expensive mortgages on the cards after …

From Dailymail.co.uk: Homeowners and savers will pay the price for yesterday’s emergency rescue of Britain’s biggest mortgage lender.The extraordinary £15billion fire sale of HBOS, owner of Halifax, to its former arch-rival Lloyds TSB … ...

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