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:
Research and Markets: UK Mortgage Intermediary Distribution: Discuss the Main Issues on Mortgage Lending, and Get a ... (Business Wire via Yahoo! Finance)
DUBLIN----Research and Markets has announced the a...
Would a Conservative Victory Improve the UK Mortgage Market? (PRWeb via Yahoo! News)
A survey carried out by Savills Private Finance, t...
(AFX UK Focus) 2010-03-10 05:40 UPDATE 1-S.Korea money supply, mortgage growth eases (Interactive Investor)
SEOUL, March 10 - South Korea's money su...
UK Mortgages 2010: Mortgage Innovation - New Market Report Published (OfficialWire)
With the worst of the credit crunch behind them, U...
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