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Stop the doom and gloom: mortgage plan is a good thing \| U.K

Stop the doom and gloom: mortgage plan is a good thing | U.K

This is a discussion on Stop the doom and gloom: mortgage plan is a good thing | U.K within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; The media are often accused of being the harbingers of doom, exaggerating bad news & seeking out the negative 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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12-07-2008, 12:30 AM

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Stop the doom and gloom: mortgage plan is a good thing | U.K ...

The media are often accused of being the harbingers of doom, exaggerating bad news & seeking out the negative in anything good. Naturally I'd like to defend us vociferously, however I have to say last week was a case in point.

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doom, gloom, good, mortgage, plan, stop, thing

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