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MRT 1 · What Is a Mortgage?
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What Is a Mortgage?
The definition of mortgagor and mortgagee, the distinction between ownership and a mortgage charge, and first vs second charge.
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What Is a Mortgage?
Understanding precisely what a mortgage is in legal terms is fundamental to CeMAP 2.
Question 3
True or false?
Understanding precisely what a mortgage is in legal terms is fundamental to CeMAP 2
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Key points
Question 5
Which term matches: "Primary mortgage; has priority over other charges"
Question 6
What does "Second charge" mean?
Question 7
Type the term that means: "Primary mortgage; has priority over other charges"
Question 8
Match each term in "Key points" to its meaning
Tap a term, then tap its matching definition.
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What the exam tests
The definition of mortgagor and mortgagee, the distinction between ownership and a mortgage charge, and first vs second charge.
Question 10
True or false?
The definition of mortgagor and mortgagee, the distinction between ownership and a mortgage charge, and first vs second charge