What is a mortgage?

What is a mortgage?

A mortgage, also called a mortgage loan, is the money you borrow from a lender towards the cost of a house or flat. The security for the loan is the property itself. This means that if you do not keep up your mortgage repayments, the lender may decide to get their...
We need to be honest with you… Your home may be repossessed if you do not keep up repayments on your mortgage.