Common use of Existing Lender's Reference Clause in Contracts

Existing Lender's Reference. In some cases, the Seller may also seek a reference from any existing and/or previous lender. Any reference must satisfy the Seller that the account has been properly conducted and that no history of material arrears exists.

Appears in 15 contracts

Sources: Mortgage Sale Agreement (Permanent Mortgages Trustee LTD), Mortgage Sale Agreement (Permanent Financing (No. 8) PLC), Mortgage Sale Agreement (Permanent Mortgages Trustee LTD)

Existing Lender's Reference. In some cases, the The Seller may also seek a reference from any existing and/or previous lender. Any reference must satisfy the Seller that the account has been properly conducted and that no history of material arrears exists.

Appears in 11 contracts

Sources: Mortgage Sale Agreement, Mortgage Sale Agreement, Mortgage Sale Agreement

Existing Lender's Reference. In some cases, cases the Seller may also seek a reference from any existing and/or previous lender. Any reference must satisfy the Seller that the account has been properly conducted and that no history of material arrears exists. The Seller may substitute the reference with the bureau record obtained as a result of the credit search.

Appears in 1 contract

Sources: Mortgage Sale Agreement (Granite Finance Trustees LTD)