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Mortgage lending may fall further in 2009This is a discussion on Mortgage lending may fall further in 2009 within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Speaking at an industry conference earlier this week, Michael Coogan explained that there are many reasons for this, including an ... |
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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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Speaking at an industry conference earlier this week, Michael Coogan explained that there are many reasons for this, including an overall shrinkage of the UK bmortgage/b market and the difficulties faced by lenders that rely on the b.../b
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| 2009, fall, lending, mortgage |
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