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Old 28th Jul 2004, 10:07
  #10 (permalink)  
Justiciar
 
Join Date: May 2003
Location: Gt. Yarmouth, Norfolk
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This is all about banks covering their backsides. All banks do it in a wide variety of situations. They want to be certain that the person signing the mortgage to secure someone elses debt has not been acting under 'undue influence' such that the security could be unenforceable. For this resason it has to be advice from a legal adviser who is independant of the bank and of the the principal borrower.
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