The conversation between human and AI assistant.
What is the difference between a registered mortgage and an equitable mortgage?
Are there any advantages to getting an equitable mortgage?
One advantage of getting an equitable mortgage is that it can be easier to arrange than a registered mortgage. This is because it doesn't involve the same level of legal complexity. However, it's important to note that an equitable mortgage may not offer the same level of protection to the borrower as a registered mortgage.