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Mortgage approvals fall back following slight rise, says the Bank

Mortgage approvals fall back following slight rise, says the Bank

This is a discussion on Mortgage approvals fall back following slight rise, says the Bank within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; The number of bmortgages/b approved for house purchases fell back to a record low in October, despite a fall in ...

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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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12-01-2008, 10:44 AM

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Mortgage approvals fall back following slight rise, says the Bank ...

The number of bmortgages/b approved for house purchases fell back to a record low in October, despite a fall in interest rates at the start of the month, figures showed today.Lenders approved 32000 home loans for buyers during the month, b.../b

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approvals, back, bank, fall, mortgage, rise, slight

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