Goods mortgage—key security document provisions

On 23 November 2017, the Law Commission published its report on the Goods Mortgages Bill. The report contains the final version of the Bill and outlines the Law Commission’s recommendations in relation to it. Jacqueline Cook, member of the Lexis®PSL Banking & Finance consulting editorial board and senior professional support lawyer, in the finance practice of Stephenson Harwood, LLP, London, provides an overview of some of the key provisions that will need to be included in, or considered when drafting, a goods mortgage in line with the new legislation when it comes into effect.

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