Supplemental legal mortgage | Practical Law

Supplemental legal mortgage | Practical Law

A standard form supplemental legal mortgage (often referred to as a legal charge) granted by a single corporate borrower in favour of a single lender securing specific monies that it owes the lender. This standard document creates a legal mortgage over a property located in England or Wales and is intended for use when the borrower has already entered into a debenture.

Supplemental legal mortgage

Practical Law UK Standard Document 9-529-5865 (Approx. 30 pages)

Supplemental legal mortgage

Maintained, England, Wales
A standard form supplemental legal mortgage (often referred to as a legal charge) granted by a single corporate borrower in favour of a single lender securing specific monies that it owes the lender. This standard document creates a legal mortgage over a property located in England or Wales and is intended for use when the borrower has already entered into a debenture.
This standard document contains integrated drafting notes that explain the law behind, and commercial reasons for, provisions of the document. For detailed information on legal issues that may arise when drafting a supplemental legal mortgage, see Drafting note, About this document.