Standard Securities

Support for a new statute on heritable securities rather than changing existing legislation has been voiced by the Faculty of Advocates. The Conveyancing and Feudal Reform (Scotland) Act 1970 introduced the standard security, the only permissible form of heritable security – the legal term in

The Scottish Law Commission has today published a discussion paper seeking views on proposals for the reform of securities granted over land and buildings in Scotland. Standard securities are big business: 127,306 transactions were registered in Scotland in 2017/2018.