Chapter 9 Multiple choice questions

Mortgages

Quiz Content

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Your client has decided to take a fixed rate mortgage with Barclays Bank plc. The interest rate is fixed for three years and there is an early redemption penalty. When advising your client on the contents of the mortgage deed, which of the following would you generally not include in your advice?

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It is generally accepted that a solicitor should not give mortgage advice to a client because of the risk of contravening the Financial Services and Markets Act 2000. Is this statement true or false?

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A solicitor should ensure that following completion of a legal charge of registered land, the mortgage is registered at HM Land Registry within 30 working days of completion

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