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Bank of Ireland trims mortgage rates (RTÉ News)

Bank of Ireland trims mortgage rates (RTÉ News)

This is a discussion on Bank of Ireland trims mortgage rates (RTÉ News) within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Bank of Ireland is introducing a new one-year fixed bmortgage/b rate of 3.30% (4.80% APR) specifically for first time buyers. ...

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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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12-04-2008, 12:21 AM

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Bank of Ireland trims mortgage rates (RTÉ News)

Bank of Ireland is introducing a new one-year fixed bmortgage/b rate of 3.30% (4.80% APR) specifically for first time buyers. 'This new one year fixed rate is being introduced to support [first time buyers] through this expensive time,' b.../b

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