Creation of Second Charge

Sirs,

I want your solicited view - whether consent of first charge holder is compulsory/ statutorily required, when the second lender agrees to accept second charge without consent of first charge holder.

Regards
Replies (2)
Quick Summary
This discussion seeks legal advice regarding the creation of a second charge. Specifically, it questions whether the consent of the existing first charge holder is a compulsory or statutory requirement when a new lender agrees to take a second charge without that consent. Contributors are encouraged to provide their views and insights.

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Reply if you have some answer, don't just play games by putting same reply on each post.

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