Mortgage Express interest rate reduction's effect

[angelas]

does anyone know if mortgage express has i floor limit to their interest rate charged ive got a tracker mortgage 1.25 above interest rate

[mind the gap]

does anyone know if mortgage express has i floor limit to their interest rate charged ive got a tracker mortgage 1.25 above interest rate


What does it say in your mortgage policy?

[sanjeevani]

What reverse mortgage company should I work for? I've been looking into these a lot lately, but I'm having a hard time deciding what company to work with. Anyone work for one - or have a reverse mortgage - that they can recommend?

[jeffrey]

Go on- what's a "reverse mortgage" when it's at home?

[Gordon999]

•An agreement under which one borrows money and will repay it by means of relinquishing his home when he dies or moves
en.wiktionary.org/wiki/reverse_mortgage

[jeffrey]

Still, that's not very 'reverse'. Any mortgage is repayable on borrower's disposal of property or death.

[Gordon999]

A normal mortgage, the borrower repays the loan by monthly money repayments.
A reverse mortgage, the borrower repays the loan by giving up the property.
But I think its better known as an "equity release mortgage". So I guess the applied term "reverse" may be a bit of mis-labelling.

[jeffrey]

But I think its better known as an "equity release mortgage". So I guess the applied term "reverse" may be a bit of mis-labelling.
Yes- I'll agree with that.

[cfaproperty]

Poster #3 is probably thinking of Home 'Reversion' which operates on similar principles to Equity Release, both of which are FSA regulated activities and individuals can't just 'wander into' working in this sector.