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Mortgage approvals still falling - Consumer Forum

Mortgage approvals still falling - Consumer Forum

This is a discussion on Mortgage approvals still falling - Consumer Forum within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Just saw this news on BBC, I think it will be quite a long time before the bmortgage/b market gets ...

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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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12-02-2008, 12:54 AM

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Mortgage approvals still falling - Consumer Forum

Just saw this news on BBC, I think it will be quite a long time before the bmortgage/b market gets back to normal, about 3 years? Mortgage approvals.

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approvals, consumer, falling, forum, mortgage

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