Conditions
As outlined in the loan agreement between the client and Lendology CIC loans are secured with a Land Registry Title Restriction and Equitable Mortgages against the property and this security is only removed when the loan has been repaid.
Should a landlord default on repayments, Lendology will follow standard default procedures.
The Council will enforce any breach of the Certificate of Letting, where applicable, and demand full repayment of the loan subsidy payment.