DISPOSING LENDERS Flashcards
1
Q
What does Section 101 of the LPA 1925 give?
A
It gives power to sell the legal estate vested in the borrower
2
Q
When does a Power of Sale arise?
A
When the mortgage money becomes due under the mortgage
3
Q
under which Stature does the Power of Sale become exercisable by the lender?
A
Section 103 of the LPA 1925
4
Q
With which 2 ways do you Discharge a Mortgage?
A
Filing a completed DS1 Form at Land Registry OR ED/e-DS1