Yes ... Michael has reminded me of quite an important bit.
Tony O'Tighearnaigh pointed out that the Bank/Building Society's
'claim' - "That they only sell the Equitable Title" - is (we think)
Because, who would buy just an Equitable Title ... without the Legal
Title ... so as to be able to enforce it?
And, if that's the case ... i.e. then BOTH Titles must
be sold together ... in which case the Bank/Building Society has NO
CLAIM AT ALL ... once the Mortgage has been 'securitised'.
But ... of course ... THEIR NAME is lodged at the Land Registry.
Even though that's obviously VOID!