A Mortgage explained in 600 words – ‘Dead Pledge’
Fri 10:18 am +00:00, 30 Sep 2022There are some 11.2 million of them in Britain but how many people actually understand what a mortgage is? A mortgage literally means, ‘Dead Pledge’: late Middle English: from Old French, literally ‘dead pledge,’ from mort (from Latin mortuus ‘dead’) + gage ‘pledge.’ A pledge is a promise. A mortgage is a dead promise. On its face, it seems very straightforward – a man receives …











