Which statement reflects a typical general condition of a mortgage?

Which statement reflects a typical general condition of a mortgage?

• A. The property may be let without consent
• B. Letting the property requires the borrower's consent
• C. The property cannot be let without lender's consent
• D. The property must be let within two years

Answer: (C)

The main idea is that mortgage deals often include a general condition restricting letting the property: the borrower must obtain the lender’s consent before renting it out. This protects the lender because letting can change who occupies the property and affect rental income, insurance, and the lender’s security. So the correct statement reflects that you cannot let the property without the lender’s consent. If you try to let without consent, you’d be breaching the mortgage terms, which can lead to remedies for the lender, such as demanding repayment or taking possession. Why the other options don’t fit: letting without consent is not allowed under typical general conditions, so saying it may be let without consent is incorrect. Saying the letting requires the borrower’s consent reverses who holds the control—the lender’s consent is what’s usually required. A fixed two-year deadline for letting isn’t a standard general condition.

The main idea is that mortgage deals often include a general condition restricting letting the property: the borrower must obtain the lender’s consent before renting it out. This protects the lender because letting can change who occupies the property and affect rental income, insurance, and the lender’s security.

So the correct statement reflects that you cannot let the property without the lender’s consent. If you try to let without consent, you’d be breaching the mortgage terms, which can lead to remedies for the lender, such as demanding repayment or taking possession.

Why the other options don’t fit: letting without consent is not allowed under typical general conditions, so saying it may be let without consent is incorrect. Saying the letting requires the borrower’s consent reverses who holds the control—the lender’s consent is what’s usually required. A fixed two-year deadline for letting isn’t a standard general condition.