What does mortgagee mean




















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You have money questions. It is not clear that in either case the mortgagee would put the mortgagor under any pressure to repay the mortgage. Secondly, it imposes upon council tenants a burden which is not at present applied to owner-occupiers and mortgagees.

From the Hansard archive. Example from the Hansard archive. Contains Parliamentary information licensed under the Open Parliament Licence v3. He began by saying that we have left out the mortgagee who forecloses. Take the case of a freehold being mortgaged and the mortgagee afterwards foreclosing and taking possession. If the mortgagee does not pay, the lease is liable to be forfeited and the mortgagee loses the security.

It has been assumed that the rates of interest, currently set by mortgagees will remain in force until the end of the fiscal year. He also gets extra fees for introducing the applicant to a prospective mortgagee —building society or otherwise. After all, the mortgagee may be a building society, which has only the money of the people who invest in it. But if these payments are not kept up, has the mortgagee , say the building society, power to seize the house and sell it? A building society may have on computer the name and address of a mortgagee , details of the mortgage and the state of the account.



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