Image from Google Jackets

Convertible mortgages

By: Language: English Series: Journal of Property Finance ; 1(2) Autumn 1990, 307-310(4)Publication details: 1990Subject(s): Summary: The rapid increase in interest rates together with the more difficult investment market over the last year has caused property owners and banks in the UK to consider the possibility of refinancing properties with loans giving the lender the right to acquire an interest in the mortgaged property , convertible mortgages . This article looks at their advantages and disadvantages and the legal and taxation issued involved.

The rapid increase in interest rates together with the more difficult investment market over the last year has caused property owners and banks in the UK to consider the possibility of refinancing properties with loans giving the lender the right to acquire an interest in the mortgaged property , convertible mortgages . This article looks at their advantages and disadvantages and the legal and taxation issued involved.