Mortgage system is a real security form which originated from Common Law. It has a long development history, and now it is the most common security device in Common Law system.This system was imported from Hong Kong to the mainland of China in the early of the 1990's, which has become a popular financing purchased building method of the real estate market. Many people in the homeland are incomprehension of this system, which causes the confusion of the theories and the practice to that system. For this, through the research on the basic principle of mort gage system and the present situation in the mainland and the discussion on the characteristics of the law, my article announced the jural mechanism and put forward that the mortgage system should be perfected and the suggestions and the attitude on the arrangement of the legislation.
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