Example usage The mortgagee was the larges bank in the country. Pages on this site to help you understand Housing Housing Am I going to be evicted? I am a landlord with a legal issue I am renting and have legal issues Licensed Conveyancers Recent articles tagged with Housing ID and money home-buying checks - why they are needed Stepping on to the property ladder Moving home during Covid-19 Legal help for moving house In the market for a flat? Leasehold or commonhold? See also: Equitable mortgage The type of mortgage where the purchaser owns the property which is security for the mortgage. Mortgage Using property as security for a debt. It is also the name for the contract which is signed by the borrower and lender when money is lent using property as security for a loan.