Replacing Bills of Sale: a new Goods Mortgages Bill consultation on draft clauses
Last updated: 7 Aug 2017
- Consulting body:
- Law Commission
- Period of consultation:
- Runs from 10 July 2017 to 7 August 2017
- CML action:
- Response submitted
The Law Commission is holding a limited consultation on the available draft clauses from the Goods Mortgages bill.
Law Commission have asked specifically for comments on the proposals around relative priority of goods mortgages and land mortgages.
UK Finance response
In response to this consultation, we have recommended that, given the complexities which arise in terms of priority of goods mortgages and land mortgages, fixtures should be excluded from the definition of goods.
The full UK Finance response can be downloaded below.