In as much as the mortgagor after the mortgage is created retains an estate or interest in the mortgaged property1, he can sell, mortgage or otherwise dispose2 of it during his life, or dispose of it by will3. A mortgagor beneficially entitled to possession of property for a long term of years capable of enlargement can enlarge the term into a fee simple notwithstanding the incumbrances on the term which upon enlargement will affect the fee simple so created
**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