82,891
edits
Mortgage: Difference between revisions
Jump to navigation
Jump to search
no edit summary
Amwelladmin (talk | contribs) No edit summary |
Amwelladmin (talk | contribs) No edit summary |
||
| Line 1: | Line 1: | ||
{{a|glossary|}}{{a|security|}}A sort of [[security interest]] — a {{t|legal security}} interest, in fact that involves transferring legal title to [[property]] as [[security]] for a [[debt]]. Your mum and dad probably had one on their house, but have paid it off now. | {{a|glossary|}}{{a|security|}}A sort of [[security interest]] — a {{t|legal security}} interest, in fact, that involves transferring ''[[legal title]]'', but not ''[[beneficial ownership]]'', to [[property]] as [[security]] for a [[debt]]. Your mum and dad probably had one on their house, but have paid it off now. | ||
Mortgages are not ''just'' security interests over [[real estate]] by the way. any security over a [[chattel]] counts. Under the Law of Property Act 1925]]: | Mortgages are not ''just'' security interests over [[real estate]] by the way. any security over a [[chattel]] counts. Under the Law of Property Act 1925]]: | ||