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Today's Mortgage Terms starting with N

Notice of Default:

A step in the foreclosure process in which the lender formally informs the court that the borrower is in late in payments.

Non-Assumption Clause:

A provision in a mortgage contract preventing the assumption of the mortgage by another borrower without the lenders permission.

View all Terms
Cheshire mortgage loans news:
Financial News
Cameron unveils tax cuts for savers - Times Online
David Cameron sharpened the political divide with Labour today pledging to divert cash from public spending to tax cuts for savers. The Tory leader said an incoming Conservative administration would abolish income tax on savings by basic-rate ...

How to save safely with UK banks and building societies - This is Money
The credit crunch is getting worse. We've now had the collapse of Iceland's Icesave affecting 200,000 Britons, the sale of Bradford & Bingley's savings book to Santander but 100% covered by the Government, a takeover by Lloyds TSB of HBOS and, of ...

Chancellor Alistair Darling on brink of second bailout for banks - Times Online
Alistair Darling has been forced to consider a second bailout for banks as the lending drought worsens. The Chancellor will decide within weeks whether to pump billions more into the economy as evidence mounts that the £37 billion part ...

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