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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
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.
The others, according to Moneyfacts are: Coutts & Co; Direct Line; Dunfermline Building Society; Hinkley & Rugby BS; Legal & General Mortgages; Loughborough BS; Melton Mowbray BS; Mortgage Express; Newbury BS; NewWorld; Northern Bank (Northern Ireland); Platform; Scottish Widows Bank and The One Account.
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