Question 3: In order to fund the purchase of Apple Cottage, Steve would need to borrow £190,000 from the Perry Barr Bank PLC. He is prepared to sign a mortgage agreement with the bank, using Apple Cottage as security for the loan. Steve intends to modernised the house, and install all the necessary fixtures and fittings for him to use part of it for his business servicing and repairing computers. The equipment, fixtures and fittings he intends to install are of the highest quality and are very expensive. This is a new business venture for Steve, and he is concerned that if he were to fall behind with his repayments the bank might repossess the property and sell it.
Advise Steve as to what might happen if he did fall behind with his repayments and whether or not he could remove any equipment, fixtures and fittings he might install in the property should the Bank go ahead and repossess. (include a couple of case studys)
Question 4: The Land Registration Act 2002 amended the rules relating to adverse possession as they affect registered land. Define, with examples, adverse possession and explain what the claimant has to do in order assert their rights. (include a 3-4 case studys)
Question 3s answer should be approximately 900 words
questions 4s answer should also be approximately 900 words
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