Text for Terms & Conditions
T's & C's: Mortgage Redemption and Net Proceeds
- Change date
- 11/05/2026
- Word count
- 144
- Deployment measure
- 8/10
Rationale
This wording mitigates risk following the KMC (Liverpool) decision by the LeO by prioritising mortgage redemption over immediate fund distribution, ensuring professional undertakings are met and preventing personal firm liability for uncancelled charges.
In a conveyancing sale matter to comply with our professional undertakings to the buyer’s solicitors and your mortgage lender, the final distribution of net proceeds from your sale is strictly
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