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n a right given to the creditor over the property of the debtor for the security of the debt; invests the creditor with the power to have the property seized and sold in default of payment.
References in periodicals archive ?
A My advice would be not to proceed with your 100% mortgage offer because the likelihood is you will be paying too much for the property.
Some new-build companies have special offers for first time buyers which can include 100% mortgages, help with legal fees or items such as free carpets, kitchen appliances etc.
Now just seven lenders who have 100% mortgages, compared with 40 in November.
Thousands of first-time buyers are at risk of negative equity following a dramatic increase in the number of 100% mortgages available, it was warned today.
There are now just seven lenders who have 100% mortgages, compared with about 40 in November, with Abbey the only group willing to offer the deals without conditions.
uk showed that there has been a 70% increase in the number of 100% mortgage products available direct from lenders during the past six months.
Four out of 10 first- time buyers said they had saved up enough money to pay for a deposit, but 24% will be taking out a 100% mortgage on their home.
Ideally I would like to buy a house on my own and therefore I needed to get a 100% mortgage - but I can't now as the major lenders don't do it.
Brokers at the Mortgage Advice Bureau said homebuyers opting for a 100% mortgage rose by 21% in 2006, while those opting to borrow more than the value of their property grew by a half.
Homebuyers may choose to obtain mortgage financing by taking advantage of Casa Latino's affiliated business arrangement with Fortune Lending Group, LLC, a leading Connecticut based mortgage brokerage where clients may obtain up to 100% mortgage financing at competitive rates and discounted fees.
THE UK's fourth biggest lender yesterday became the latest firm to withdraw from the 100% mortgage market.
The number of 100% mortgage products available direct from a lender has increased by 70% in the past six months, new analysis from online mortgage company mform.