From where will the deeds packet for 3a John Street be obtained, and what undertaking would be given?

• A. From the seller's solicitor; undertaking to return after completion.
• B. From the current lender Bobbins Bank; undertaking to hold the deeds on the bank's order pending redemption.
• C. From the local authority; undertaking to preserve documents.
• D. From the buyer's mortgage lender; undertaking to provide mortgage funds.

Answer: (B)

When a property is mortgaged, the title deeds are usually held by the current mortgage lender. The seller’s solicitor will arrange for those deeds to be retrieved from the lender so they can be used in the completion process. The lender will typically require an undertaking from itself to hold the deeds on its order until the mortgage is redeemed, ensuring they can be produced or released only when the loan is repaid. In this scenario, the deeds packet comes from the current lender, Bobbins Bank, and the undertaking is to hold the deeds on the bank’s order pending redemption.