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Finance And Business Articles \| Mortgage Lenders Finally Slash

Finance And Business Articles | Mortgage Lenders Finally Slash

This is a discussion on Finance And Business Articles | Mortgage Lenders Finally Slash within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; In the wake of last weeks shock announcement by Bank of England of a 1½% interest rate drop from 4.5% ...

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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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11-21-2008, 09:02 AM

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Finance And Business Articles | Mortgage Lenders Finally Slash ...

In the wake of last weeks shock announcement by Bank of England of a 1½% interest rate drop from 4.5% down to 3%. This was not before time! Around 40 bmortgage/b lenders withdrew their trackers rate products from the market and said they b.../b

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