DISPOSING LENDERS

Question 1

What does Section 101 of the LPA 1925 give?

Answer 1

It gives power to sell the legal estate vested in the borrower

Question 2

When does a Power of Sale arise?

Answer 2

When the mortgage money becomes due under the mortgage

Question 3

under which Stature does the Power of Sale become exercisable by the lender?

Answer 3

Section 103 of the LPA 1925

Question 4

With which 2 ways do you Discharge a Mortgage?

Answer 4

Filing a completed DS1 Form at Land Registry OR ED/e-DS1