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Realestate Briefing :- Mortgage lending down 95 per cent

Realestate Briefing :- Mortgage lending down 95 per cent

This is a discussion on Realestate Briefing :- Mortgage lending down 95 per cent within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; From Telegraph: The figures led to widespread calls for an interest rate cut as early as next week to reinvigorate ...

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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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10-01-2008, 09:12 AM

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Realestate Briefing :- Mortgage lending down 95 per cent

From Telegraph: The figures led to widespread calls for an interest rate cut as early as next week to reinvigorate the housing market. According to the Bank of England, mortgage lending in August fell by 95 per cent compared to the ...

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