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London Scottish depositors are given lifeline by the government - HeraldThe government yesterday stepped in to rescue 10,000 depositors in London Scottish Bank, the doorstep lender in which former Bank of Scotland governor Sir Peter Burt previously had an interest. The Financial Services Authority pulled the plug on the ...
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Today's Mortgage Terms starting with N
Notice of Default: A step in the foreclosure process in which the lender formally informs the court that the borrower is in late in payments.
Non-Assumption Clause: A provision in a mortgage contract preventing the assumption of the mortgage by another borrower without the lenders permission.
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