Third party legal mortgage over property from a company securing specific liabilities

A standard form third party legal mortgage over a property (often referred to as a legal charge) granted by a company incorporated in England and Wales in favour of a single corporate lender securing specific monies owed by another party to the lender. This standard document includes integrated drafting notes, which explain the law behind, and commercial reasons for, provisions of the document.

For detailed information on legal issues that may arise when drafting a third party legal mortgage, see Drafting note, About this document.

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