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#39;No rush#39; to cut mortgage costs

#39;No rush#39; to cut mortgage costs

This is a discussion on #39;No rush#39; to cut mortgage costs within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; 'No rush' to cut bmortgage/b costs Lenders "will not rush" to announce a drop in the cost of variable rate ...

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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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11-09-2008, 02:31 PM

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#39;No rush#39; to cut mortgage costs

'No rush' to cut bmortgage/b costs Lenders "will not rush" to announce a drop in the cost of variable rate bmortgages/b after the Bank rate decision. The Bank of England's Monetary Policy Committee cut interest rates by one and a half b.../b

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