Welsh mortgage


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Welsh mortgage

a special kind of mortgage, which has been used quite commonly in Ireland, under which the mortgagee takes possession of land as security for a loan. The mortgagee takes the rents and profits from the land in place of interest. The mortgagor has no obligation to pay the principal but may redeem it at any time on doing so.
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The announcement in the Budget that the UK Government would roll out a PS130bn Help-to-Buy mortgage guarantee scheme to help UK buyers get on to the housing ladder from next year torpedoed the Welsh mortgage guarantee scheme, with Mr Sargeant saying in a statement to AMs that the announcement meant the Welsh scheme would not be taken forward "as originally envisaged".
Government's mortgage help scheme axed
It includes a commitment to develop a Welsh mortgage guarantee scheme to support housebuilders and help first-time buyers, a Liberal Democrat policy from 2011's Budget agreement.
Hutt launches pounds 15bn Wales infrastructure plan for next 10 years; CRITICS CLAIM 'STRATEGY' HAS 'REPACKAGED' OLD SCHEMES
THE Welsh Government could develop a Welsh mortgage guarantee scheme in a bid to help first-time buyers.
Plan to back 95% loans to allow first-timers buy new builds; MINISTERS WANT GUARANTEE SCHEME TO FREE-UP MARKET
He added: "The overall picture for the Welsh mortgage market remains consistent with the UK as a whole with the country still facing a unique set of challenges from so many different fronts."
Encouraging signs for Welsh housing market as lending to first-time buyers grows by 4%
The IMCO committee is expected to report back in September, but the publication of the ECON report has concerned Welsh mortgage lenders.
Mortgage lenders warn over proposed rules from Europe; 'ADDITIONAL REGULATION COULD IMPACT ON BUYERS'
Interest rates rose again yesterday meaning families with a typical Welsh mortgage of pounds 100,000-plus will have seen a 20% repayments rise in just 12 months.
Welsh mortgage repayments up 20% in a year as rates rise again
A family paying the average Welsh mortgage of pounds 89,796 will now need to find an extra pounds 14.24p a month.
Homeowners face higher bills as Bank makes borrowing more costly
The steep increases and sharp slowdowns in property prices across Wales will be laid bare today when the largest Welsh mortgage lender releases its latest figures on what your home is worth.: Amanda feels the heat:Amanda Protheroe Thomas, presenter of BBC Wales's Hot Houses, revealed that she felt the full pressure of Cardiff's property boom when she bought her home six years ago - after moving from Swansea.
Price of your home won't crash, says mortgage firm's chief
The decision will cut pounds 7.50 off the monthly repayments of the average Welsh mortgage of pounds 50,000, seeing the average monthly mortgage repayments for Wales fall from pounds 311.53 to pounds 304.60 if lenders pass the reduction on to homeowners as expected.
Rates cut `opens door to high-price Welsh house market'
Interest-only loans account for 22.3% of all Welsh mortgages.
MORTGAGE TIMEBOMB; 50% of people with interest-only loans face losing homes
A welsh mortgages and loans company has undergone a pounds 5m management buyout.
Management buyout as Trustguard growth continues
This, Mr Hain will say, is the true nature of socialism while separatism would lead to higher taxation of the Welsh along with higher Welsh mortgages, interest rates and inflation.
Hain issues rallying cry to voters

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