Know About English Mortgage

In a normal mortgage, a loan is sanctioned against an immovable asset. The property remains on the name of the borrower but things are different in English mortgage. Here, the mortgagor binds himself to repay the loan amount on a fixed date and the mortgaged property is transferred to the mortgagee. The mortgagor binds himself to repay the mortgage-money on a certain date which is already decided and transfers the mortgaged property to the mortgagee. Here the main condition is that the mortgagee will re-transfer it to the mortgagor upon payment of the

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