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Factsheet: Mortgages

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Factsheet: Mortgages
A mortgage is a loan from a bank or building society that, because it is so large, is secured against the property you are using it to buy. This means that if you default on your monthly repayments the lender can take your home away from you.Usually a mortgage is ... read more
Source: GuardianPublished on 2009-04-15
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