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More first-time buyers receiving help with mortgage deposit

More first-time buyers receiving help with mortgage deposit

This is a discussion on More first-time buyers receiving help with mortgage deposit within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; In the second quarter of 2008, almost half of all first-time buyers under the age of 30 received assistance before ...

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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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11-08-2008, 03:43 PM

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More first-time buyers receiving help with mortgage deposit

In the second quarter of 2008, almost half of all first-time buyers under the age of 30 received assistance before they were able to lay down a bmortgage/b deposit. In 2006, that figure had stood at just 38%. b.../b

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