Legal Question in Banking Law in United Kingdom
if a mortgage offer has a clause within 30 days of completion what happens if it is not completed?
Asked on 5/01/14, 6:01 am
1 Answer from Attorneys
Fca Prashant Chavan
Expert Edge LLP
01.05.2014
Dear Sir / Madam,
The charge on the mortgage is rendered null and void since it has not been completed within the prescribed time limit. The mortgage will have to be renegotiated afresh.
Regards,
Answered on 5/01/14, 6:18 am
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