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What is english mortgage?

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Uma asked about 3 years ago

What is english mortgage?

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5 Answers
Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 narahari answered almost 3 years ago

English mortgage is type of mortgage where the ownership of property is transferred to the mortgagor on a condition that the mortgagee will transfer the ownership on repayment of the loan, the title deeds are transferred to the mortgagee

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 lochan answered about 3 years ago

**ENGLISH MORTGAGE** Hi, English mortgage is type of mortgage where the ownership of property is transferred to the mortgagor on a condition that the mortgagee will transfer the ownership on repayment of the loan, the title deeds are transferred to the mortgagee This kind of mortgage creates burden of transferee and re-transferee the ownership of property. Since double formalities are involved it is not popular in India. Thanks

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Data?1494421730 rohit awasthi answered about 3 years ago

Hello @**English Mortgage**@ It is Type of mortgage. There is a certain date and a promise to repayment on that date. Lender take a property from Borrower. After repayment lender will return the property to borrower. the property is called Mortgage property. Some important point- ---- 1. Mortgagor binds himself to repay mortgage money on certain date. ---- 2. He transfer the property absolutely to the mortgagee. ---- 3. Mortgagor loses all rights till the repayment of dues. this is a secure form of mortgage. Thanks

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Picsjoin 2017224123730582 Archana answered about 3 years ago

Hie Uma, **Definition of English Mortgage is as follows :-** Where the mortgagor binds himself to repay the mortgage money on a certain date, and transfers the mortgaged property absolutely to the mortgagee, but subject to a proviso that he will re-transfer it to the mortgagor upon payment of the mortgage money as agreed, the transaction is called an English mortgage.

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Alokita answered about 3 years ago

Dear Uma English Mortgage is a type of mortgage wherein the borrower promises to pay back the borrowed amount at a certain specified date and transfers a property to the lender (as mortgage). As soon as the borrower repays the amount the lender transfers back the property to the borrower.

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