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CityWire: House prices drop 1.1% but mortgage approvals PLUMMET ...

CityWire: House prices drop 1.1% but mortgage approvals PLUMMET ...

This is a discussion on CityWire: House prices drop 1.1% but mortgage approvals PLUMMET ... within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; CityWire: House prices drop 1.1% but mortgage approvals PLUMMET says Halifax House prices dropped by 1.1% in November according to ...

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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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12-05-2007, 10:18 AM

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CityWire: House prices drop 1.1% but mortgage approvals PLUMMET ...

CityWire: House prices drop 1.1% but mortgage approvals PLUMMET says Halifax House prices dropped by 1.1% in November according to the latest data from the Halifax while mortgage approvals have plummeted by a third compared to last year ...

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