extract -
Expenses
'The mortgagor must ay all expenses when the lender asks for them. Expenses will be added to the mortgage debt and will bear interest at the interest rate from the date when they are incurred until the date when they are repaid.'
with expenses being
'all expenses which the lender or any receiver reasonably incurs in connection with this mortgage
examples are
costs incurred in any legal proceedings (whether brought by or against the mortgagor or any other persons relating to this mortgage)
cost incurred in recovering or enforcing any rights or remedies given by these conditions
costs incurred in recovering any money secured by this mortgage
costs incurred in protecting or preserving the lender security
costs incurred in putting right any failure of the mortgage or the co mortgagor if any to keep these conditions
administation costs incurred by the lender in doing any work in connection with this mortgage
the lender may recover its administration costs by charging a fee which the lender reasonably estimates to represent the cost to it of doing the work in question
any costs and expenses due under any loan agreement secured by this mortgage
the lender can recover all expenses from the mortgagor in full this means the lender can recove them on what is known as an imdemnity basis
the mortgagor must pay all expenses when the lender asks for them
expenses will be added to the mortgage debt and will bear interest......
another extract states
'the mortgagor agrees not to ask the court to agree sale of the property under section 92(2) of the law of Property Act 1925'
I understand this is actually not lawful? however, this second point is an aside to my original query, and do not wish to frustrate those who may attempt to offer advice at this time.
Expenses
'The mortgagor must ay all expenses when the lender asks for them. Expenses will be added to the mortgage debt and will bear interest at the interest rate from the date when they are incurred until the date when they are repaid.'
with expenses being
'all expenses which the lender or any receiver reasonably incurs in connection with this mortgage
examples are
costs incurred in any legal proceedings (whether brought by or against the mortgagor or any other persons relating to this mortgage)
cost incurred in recovering or enforcing any rights or remedies given by these conditions
costs incurred in recovering any money secured by this mortgage
costs incurred in protecting or preserving the lender security
costs incurred in putting right any failure of the mortgage or the co mortgagor if any to keep these conditions
administation costs incurred by the lender in doing any work in connection with this mortgage
the lender may recover its administration costs by charging a fee which the lender reasonably estimates to represent the cost to it of doing the work in question
any costs and expenses due under any loan agreement secured by this mortgage
the lender can recover all expenses from the mortgagor in full this means the lender can recove them on what is known as an imdemnity basis
the mortgagor must pay all expenses when the lender asks for them
expenses will be added to the mortgage debt and will bear interest......
another extract states
'the mortgagor agrees not to ask the court to agree sale of the property under section 92(2) of the law of Property Act 1925'
I understand this is actually not lawful? however, this second point is an aside to my original query, and do not wish to frustrate those who may attempt to offer advice at this time.
Comment