What Is The Difference Between English Mortgage And Simple Mortgage?


3 Answers

Anonymous Profile
Anonymous answered

  1. in mortgage by conditional sale, the mortgagor do
    not bound himself to repay the debt.

  2. In English mortgage, mortgagee has to file a suit for foreclosure.

  3. In mortgage by conditional sale, the mortgaged property
    is conditionally sold, while in English mortgage the property is absolutely
    sold to the mortgagee.

Chips Ters Profile
Chips Ters answered

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Anonymous Profile
Anonymous answered
One of the major difference between the english and simple mortgage is that in english mortgage there is absolute transfer of the property & in the simple mortgage there is created only a right to sell in favor of the mortgagee.

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