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Paragon urges government for support :: First Mortgage Trust©

Paragon urges government for support :: First Mortgage Trust©

This is a discussion on Paragon urges government for support :: First Mortgage Trust© within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; The buy-to-let bmortgage/b provider Paragon Group has urged the government to boost bmortgage/b lending. The lender itself has reported a ...

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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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11-27-2008, 02:30 PM

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Paragon urges government for support :: First Mortgage Trust©

The buy-to-let bmortgage/b provider Paragon Group has urged the government to boost bmortgage/b lending. The lender itself has reported a 43% fall in annual pre-tax profits to £53.7m ($81m) following the credit market turmoil. b.../b

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