Category: Loans

UK mortgage terminology

This page gives descriptions of UK mortgage terminology which can often confuse borrowers….


TSB Bank (United Kingdom)

TSB Bank plc is a retail and business bank in the United Kingdom , qui est a subsidiary of the Sabadell Group . [4] TSB Bank Operates a nationwide network of 630 [5] branches across England , Scotland and Wales . TSB launched in its present form on 9 September 2013, with more than 4.6 million customers and over £ 20 billion of loans and customer deposits, and is headquartered in Edinburgh . The bank was formed from the…


Silven Properties Ltd v Royal Bank of Scotland plc

Silven Properties Ltd v Royal Bank of Scotland [2003] EWCA Civ 1409 is an English law law on the behavior of receivers under mortgages ….


Mortgage to Rent

Mortgage to Rent is part of the Home Owners’ Support Fund , run by the Scottish Government . It is used by homeowners who are threatened with eviction due to non-payment of their mortgages ….


Mortgage Industry of the United Kingdom

The Mortgage Industry of the United Kingdom has traditionally been dominated by building societies , but from the 1970s the share of the new mortgage loans has declined substantially. Between 1977 and 1987, the share fell drastically from 96% to 66% while from banks and other institutions rose from 3% to 36%. The major lenders include building societies, banks, specialized mortgage corporations, insurance…


Mortgage Conduct of Business rules

The Mortgage Conduct of Business Rules (MCOB) They were issued by The Financial Services Authority in October 2003. They apply to Regulated Mortgage Contracts….


Mortgage interest relief at source

Mortgage interest relief at source , or MIRAS , was a scheme introduced in the United Kingdom from 1983 [1] in a bid to encourage home ownership; It allowed borrowers tax relief for interest payments on their mortgage ….


Higher lending load

A higher lending load (HLC) is a burden of mortgage lenders in the UK when the loan-to-value ratio of a mortgage is higher than they are prepared to accept at standard rates….


Mortgages in English law

Mortgages in English is a method of raising capital through a loan contract, typically with a bank, where the borrower does not repay. Mortgages are an important part of English land law and property law . These concern, first, the common law, statute and regulatory rules to protect the mortgagor (ie the borrower) at the time of the concluding the mortgage agreement. Second, English…


Council of Mortgage Lenders

The Council of Mortgage Lenders is an industry body Representing mortgage Lenders in the United Kingdom ….