mortgages Flashcards
1
Q
what is a legal mortgage
A
must always be recorded on title deeds
2
Q
true or false - the party who grants a mortgage is the homeowner
A
true
3
Q
what remedies are available to a mortagee if there is a breach of any terms of the conditions
A
w
4
Q
which best describes the position of a cohabited who wishes to try and postpone any possession proceedings brought by a mortgagee.
A
they would need to demonstrate that they are connected in some way for the court and consider joining them to proceedings
5
Q
when would a power of sale arise?
A
a legal mortgage, the legal date of redemption has passed and there is no clause that exludes power of sale.
