Clogging The Equity Of Redemption

The act of preventing a borrower from redeeming a loan early is called Clogging the equity of redemption. Though it is possible for a lender to impose charges for early redemption, it is a common law right of any mortgagor to be able to redeem a loan at any time.

What to do if you need more help

If you need more help with your specific commercial loan, mortgage or insurance requirement please speak to a professional financial adviser.

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