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Unemployment benefits probably won’t cover the mortgage repayments

Unemployment benefits probably won’t cover the mortgage repayments

This is a discussion on Unemployment benefits probably won’t cover the mortgage repayments within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; The latest official unemployment figures are out and they’re not pretty: 1.87 million according to the Office of National Statistics, ...

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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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11-12-2008, 07:31 PM

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Unemployment benefits probably won’t cover the mortgage repayments

The latest official unemployment figures are out and they’re not pretty: 1.87 million according to the Office of National Statistics, the highest number of people out of work for 11 years, and a lot of pundits seem to think the figure b.../b

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benefits, cover, mortgage, repayments, unemployment, won’t

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