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Home Choice - Mortgages from the Government

Home Choice - Mortgages from the Government

This is a discussion on Home Choice - Mortgages from the Government within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; The Irish Government is going into the bmortgage/b lending business - but only if borrowers have been turned down by ...

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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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10-27-2008, 10:47 PM

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Home Choice - Mortgages from the Government

The Irish Government is going into the bmortgage/b lending business - but only if borrowers have been turned down by two other Irish lenders. It does seem a bit daft - but maybe it’sa roundabout way of giving the hard up property b.../b

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