Mortgage – Provides you the Best Deal against your home
You must have read or heard about the word Mortgage, but dont know what it means or stands for and how it can help you to make the best use of your property. So keep reading.
The word Mortgage refers to a contract in which borrowers can pledge their property as a security for a loan. Each group has a different need that they desire to fulfill through mortgages.
Mortgage caters to diverse group of people.
With the infinite number of mortgage options available in the finance market, you should choose the loan that is most appropriate for you because in case of mortgage your property is at stake.
A number of mortgage options are available in the market, few of them are: –
-> Council Right to buy mortgage – This mortgage is available for use by public housing tenants who wish to purchase their property under the Right To Buy Scheme. This scheme enables tenants to buy their homes at a discount price.
-> Buy-to-let mortgage – This mortgage is appropriate for people who wish to let their home on hire and gets rentals from the tenants. They are now available...
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