Instead of fixing a distant date for redemption, it is usual, when the loan is to continue for a term certain, to fix the usual period of six months, and then to provide that the money is not to be called in or steps to be taken to enforce the mortgage for the agreed term or until after a specified notice has been given1. The benefit of such a provision is, however, lost if the mortgagor gives charges for further advances without the provision, and agrees
**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