Mortgage Deed
The majority of property purchases are dependent on mortgage finance.
The lender’s interest in the property will be protected by a detailed mortgage deed and it is important to read this carefully. The mortgage lender is anxious to preserve their security and common restrictions will include:-
- Restricting the borrowers right to undertake any structural alterations without giving consent first
- Not to let the property – or part with possession of even part (for example taking lodgers) without securing permissions
- To keep the property insured
Lenders will sometimes add ‘special’ conditions. These tend to require that recommendations from their building surveyor – perhaps to undertake specified repairs – are implemented.
If the borrower breaks the terms of the mortgage this may entitle the mortgage lender to repossess the property.
If the borrower is taking a high loan to value mortgage the lender may oblige the borrower to pay for a ‘mortgage indemnity insurance’. The borrower will have to pay a one off insurance premium so that if he defaults on the mortgage and the lender suffers a loss, the lender can claim from an insurance company.
Employment Law- Fixed Fees
INITIAL FREE HALF HOUR APPOINTMENT
This includes:- Attending you for a preliminary appointment to see whether you have a case or can defend a case. Please note that this is for 30 minutes only and does not include advice in writing.
We are able to offer fixed fees to both claimants and respondents in relation to Employment Tribunal claims. Please contact us for specialist advice and further details.
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