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What are the Consequences?

The consequences are that:
  • The Lender and the borrower will be in partnership for the duration of the plan period. 
  • The borrower is entitled to the benefit of the funds secured under the mortgage. 
  • The lender is entitled to receive funds in full settlement of the loan advanced together with the interest. 
  • The borrower is entitled the release of the charge against the property mortgaged upon repayment of the principal and the interest.