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Mortgage Broker Advice: Banks told to increase lending to small firms

Mortgage Broker Advice: Banks told to increase lending to small firms

This is a discussion on Mortgage Broker Advice: Banks told to increase lending to small firms within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Alistair Darling and Lord Mandelson are insisting on extra lending to Britain's small businesses as the price for putting more ...

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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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12-09-2008, 11:40 AM

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Mortgage Broker Advice: Banks told to increase lending to small firms

Alistair Darling and Lord Mandelson are insisting on extra lending to Britain's small businesses as the price for putting more taxpayers' money at risk in the banking system. High-street banks are urging the chancellor and the business b.../b

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advice, banks, broker, firms, increase, lending, mortgage, small, told

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