(UK, finance) A variable-rate mortgage where the amount of interest paid on the loan is linked to the Bank of England's base rate by a fixed differential.

plural of Welsh mortgage

A kind of mortgage, being a conveyance of an estate, redeemable at any time on payment of the principal, with an understanding that the profits in the meantime shall be received by the mortgagee without account, in satisfaction of interest.

(chiefly southern US, idiomatic, dated, law, finance) A loan arrangement in which all of the money borrowed from a lender, for whatever purpose, is secured by one's home, land, and other property.

Synonym of anaconda mortgage

(Australia) The residential suburbs that have a high concentration of families mortgaging their homes.

plural of anaconda mortgage

plural of wraparound mortgage

A form of mortgage in which the seller of a property extends to the buyer a junior mortgage which exists in addition to any superior mortgages already secured on the property. The seller accepts a secured promissory note from the buyer for the amount due on the underlying mortgage plus an amount up to the remaining purchase-money balance.

(finance) Having mortgages as collateral.