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Response to time clock starts from?

from just ask (justask@btinternet.com)
You would normally receive the terms & conditions along with the mortgage offer and the lenders valuation. The mortgage deed copy of which is held at the land registry is the convent; this is usually more detailed than the terms & conditions (which basically state what is required of the borrower and third parties prior to acceptance).

It is within the deed/convent that you will find when the lender has the option of calling in the whole debt or indeed should the borrower wish to pay off the mortgage. So they are to entirely different documents, which would need to be examined should you want to challenge a shortfall claim.

The terms & conditions is usually supplied on a SARN, or when the lenders solicitors wish to rub ones nose in it out of complacency, however it tends to be a very poor photo copy you get, for some reason typical of most information the lender provides, as if we did not know why.

JUST ASK

(posted 7339 days ago)

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