Define: Blanket Mortgage

UK Accounting Glossary

Definition: Blanket Mortgage


Quick Summary of Blanket Mortgage


A mortgage or trust deed that covers more than one lot or parcel of real property, and often an entire subdivision. As individual lots are sold, a partial re-conveyance or release from the blanket mortgage is usually obtained.



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Examples of Blanket Mortgage in a sentence


The developer was able to get a low APR on his blanket mortgage, which was fortunate as it took him several years to sell all of the parcels in the complex.
Although the blanket mortgage for all of the properties uses a 30-year amortization schedule, the individual property owners will be able to negotiate their own contract rates.



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Modern Language Association (MLA):
Blanket Mortgage. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. April 02, 2020 https://payrollheaven.com/define/blanket-mortgage/.
Chicago Manual of Style (CMS):
Blanket Mortgage. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/blanket-mortgage/ (accessed: April 02, 2020).
American Psychological Association (APA):
Blanket Mortgage. PayrollHeaven.com. Retrieved April 02, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/blanket-mortgage/

Definition Sources


Definitions for Blanket Mortgage are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 13th February 2020.