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A document used to confirm that a lender agrees that their already-registered charge (mortgage) will be ranked below a new one and that any further payments will be used to clear off the new charge’s debt before theirs. Everyone still gets paid, as long as there is enough equity in the property to cover all the charges, but the order in which the charges are settled has changed.
A summary or list of relevant title deeds proving the ownership history of a property,…
A document used to confirm that a lender agrees that their already-registered charge (mortgage) will be ranked…
