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Mortgage uk

How mortgages in the UK work and the background of UK mortgages.
First is first the definition of a mortgage. A borrower (that’s you or me if your not a bank) uses a mortgage to pledge property (house/land) to the lender as financal security against the debt for the rest of the value of the property (house/land). I have just discoved another word for mortgage which is hypothecation. Means the same thing more or less…You learn something every day..
So that’s what a mortgage is…

Repayment or interest only?

There are really only 2 types of mortgage available in the UK which are Repayment and Interest only. A repayment mortgage means you pay back your debt… An interest only means you solely pay back the interest on your debt. More detail about other type of mortgage can be found here >>

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latest UK mortgage news:

UK mortgage lending dives to £86 million
Mortgage lending in the UK dived sharply in July a...

UK mortgage lending weakens in July
New figures show that UK mortgage uk approvals and co...

UK mortgage lending plunges to £86 million
Mortgage lending dived sharply in July as activity...

UK mortgage lending plunges
Mortgage lending dived sharply in July as activity...

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