In relation to the further advance, when might tacking be required?

In relation to the further advance, when might tacking be required?

• A. If the original mortgage deed obliges the lender to make further advances.
• B. If the original mortgage deed does not oblige the lender to make further advances.
• C. If the borrower's income increases.
• D. If the lender's policy changes.

Answer: (B)

Tacking is used to keep a later loan (a further advance) tied to the original mortgage so it remains part of the same security and keeps its priority with other charges. This is needed when the original mortgage deed does not oblige the lender to provide further advances. If the deed already requires the lender to make further advances, there’s no need to tack—the additional funds would automatically be secured under the existing charge. Changes in income or lender policy don’t determine the need for tacking.

Tacking is used to keep a later loan (a further advance) tied to the original mortgage so it remains part of the same security and keeps its priority with other charges. This is needed when the original mortgage deed does not oblige the lender to provide further advances. If the deed already requires the lender to make further advances, there’s no need to tack—the additional funds would automatically be secured under the existing charge. Changes in income or lender policy don’t determine the need for tacking.