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Remus2004, Barrister
Category: Property Law
Satisfied Customers: 2456
Experience:  Over 5 years in practice.
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Are a bank entitled to take out an all sums mortgage on a

Customer Question

are a bank entitled to take out an all sums mortgage on a commercial loan when they should have taken out a legal Charge
Submitted: 1 year ago.
Category: Property Law
Expert:  F E Smith replied 1 year ago.

Is the problem here that you want to sell a particular property to raise some money and they want all the proceeds to go off other loans?

Are they now asking for an all monies charge the do they have one which you signed inadvertently or unknowingly?

Background detail would be useful please.