SCHEDULE 1CONTENTS OF AN ELECTRONIC LEGAL CHARGE
1
To be within rule 3(1), a charge must contain the following—
a
the title number and description of the property that is charged,
b
a provision that the charge takes effect when the registrar receives notification, using a procedure for doing so permitted by the land registry network and in accordance with the provision in the charge required by sub-paragraph (c), that the charge is to take effect,
c
a provision that the Subscriber who prepared the charge under rule 3(5)(a) is the person who is to notify the registrar that the charge is to take effect,
d
the Borrower’s name,
e
the E-MD reference, if any, applicable to the charge,
f
the Lender’s name and intended address for service for entry in the register,
g
if the Lender is a company registered in any part of the United Kingdom under the Companies Acts or the Companies (Northern Ireland) Order 19864, the Lender’s registered number,
h
if the Lender is a limited liability partnership incorporated under the Limited Liability Partnerships Act 20005, the Lender’s registered number,
i
if the Lender is a corporation incorporated outside the United Kingdom, the territory in which the Lender is incorporated and the Lender’s registered number, if any, in England and Wales,
j
a statement to the effect that the Borrower (stating, if desired, whether with full or limited title guarantee) charges to the Lender the property referred to in sub-paragraph (a) by way of legal mortgage with payment of all money secured by the charge,
k
a statement, if such be the case, that the Lender is under an obligation to make further advances and applies for the obligation to be entered in the register, and
l
a statement, if such be the case, that the Borrower applies to enter a standard form of restriction in the proprietorship register of the registered estate that is charged and, if so, the wording of the standard form of restriction.