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

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2
Q

When does a Power of Sale arise?

A

When the mortgage money becomes due under the mortgage

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3
Q

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

A

Section 103 of the LPA 1925

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4
Q

With which 2 ways do you Discharge a Mortgage?

A

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

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