Consolidation is the right of a lender to refuse to allow a mortgage on one property to be redeemed unless a mortgage on another property (or properties) is also redeemed1. It is an equitable doctrine, based on the principle that it would be unfair to allow a borrower to
As the right of consolidation is equitable, it only arises after there has been default on all the securities in respect of which it is claimed
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and millions of others like it, sign-in to LexisLibrary or register for a free trial.
EXISTING USER? SIGN IN
TAKE A FREE TRIAL
0330 161 1234