General mortgage

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General mortgage

A type of obligation that covers all a borrower's mortgageable properties, not just one specific property.

General Mortgage

A mortgage secured by all properties the borrower owns that are not specifically excluded. For example, a real estate owner may have a general mortgage to cover all of his/her properties.
References in periodicals archive ?
Ben Thompson, managing director of Legal & General Mortgages Club says: "It is surprising that such a high percentage are willing to pay more per month to fix when you consider we are experiencing an environment of benign low interest rates.
Legal & General Mortgages said the findings come as part of its quarterly MortgageMood study.
Trust, Key Retirement Solutions, Legal & General Mortgages, Mortgage
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