Mortgage Of Shares (In Favour Of Single Lender)
Publisher one
Genie AIJurisdiction
England and WalesCost
Free to useRelevant sectors
Type of legal document
💴 Mortgage of sharesBusiness activity
Mortgage sharesThis legal template pertains to securing a loan against shares in the context of mortgage financing, specifically in the United Kingdom. The document outlines the terms and conditions under which a borrower pledges their shares as collateral to a single lender. By executing this legal agreement, the borrower grants the lender certain rights and protections in case of default or non-repayment of the loan. It establishes the scope, nature, and conditions of the mortgage, including the process for valuation, transfer, and registration of the shares. Additionally, the template may specify the situations under which the lender can exercise their rights, such as selling the shares to recover the outstanding debt. This document serves as a legally binding framework to safeguard the lender's interests while providing the borrower with access to mortgage financing using their shares as collateral under the jurisdiction of UK law.
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