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Ministers meet banks to thrash out two-year mortgage interest

Ministers meet banks to thrash out two-year mortgage interest

This is a discussion on Ministers meet banks to thrash out two-year mortgage interest within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Mortgage lenders were last night demanding clarity on the fee they would be charged for the government's two-year guarantee on ...

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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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12-05-2008, 12:06 PM

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Ministers meet banks to thrash out two-year mortgage interest ...

Mortgage lenders were last night demanding clarity on the fee they would be charged for the government's two-year guarantee on missed bmortgage/b payments to help struggling homeowners.At a meeting between the major banks & Alistair b.../b

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banks, interest, meet, ministers, mortgage, thrash, twoyear

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