First Legal Charge over the Property

00ec25

theFlash wrote: »

Thanks. I've seen a fair few Land Registry documents over the past year, and only two had a lender mentioned on them - I remember it because the Land Registry refused to remove an outdated clause on it due to the mortgage on the land.


I can't imagine all the others I've seen have paid off their mortgages, so I suspect this is a relatively new thing? I can say for sure, a mortgage I had around 8 years ago did not have this.


I'm wondering if its more common with the banks than the building societies.

then I suggest you misread something because it is 99% certain that a lender who grants a mortgage will take a first charge, and 100% certain that they will take a charge.