Understanding further advances and tacking in mortgage priorities

Generally, a first mortgage, once it becomes aware that a second mortgage has also been granted, is limited in its ability to make further advances to the mortgagor and claim the repayment of those advances in priority to the monies due under the second mortgage. The ability to claim first priority for such further advances is known as “tacking”.

This guidance note explores further advances and tacking so legal practitioners can understand their relevance in determining mortgage priorities.

See Understanding further advances and tacking in mortgage priorities.