Various common law and statute law provisions make it unwise for a lender to allow an expired loan, even if it is performing, to continue without a formal registered variation.
The registration of a variation constitutes a compounding of the original mortgage and the variation deed. This can effect mortgage priorities and accordingly it is vital that the documentation of mortgage variations is as carefully considered as the original mortgage. Bransgroves has the knowledge and skills needed so contact us today for more information.
