understanding financial jargon
The right of a person (the lender) in whom two or more mortgages are vested to refuse to allow one mortgage to be redeemed unless the others are also redeemed. For example, Consolidation can be used to prevent the redemption of the loan on a property of worth, while leaving a property of little value still mortgaged, thus leaving the lender exposed to greater risk.
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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