We have condensed our review of the registration requirements for second mortgages in each jurisdiction in the attached Table of Registration Requirements which we hope you can use as a handy go-to table confirming what your options are for registration of a second mortgage in each jurisdiction.
As the registration of security is a critical decision for lenders and there are many considerations that apply beyond the actual requirements of each jurisdiction, we recommend that lenders discuss their personal situation with their legal adviser and formulate an appropriate policy for when to register, when to request consent and when to require a deed of priority.
Bennett & Philp provides practical, tailored and cost effective solutions for all mortgage transactions. Our clients enjoy regular advice, education and networking opportunities, which are included in your benefits as a client of Bennett & Philp. We provide all prospective clients with a free initial consultation, so call us now to discuss how we may be able to help.