LAND LAW 1 ASSIGNMENT Margaret and Doug, a married couple, have decided to embark on a new business venture, opening a pub and restaurant in a Yorkshire village. They have found an ideal, freehold building called Methley Hall, suitable for conversion in extensive grounds. The title is registered. However, Margaret and Doug require advice on a number of issues. A local brewery, Foxholes Ales, has offered Margaret and Doug a twenty five year mortgage which has a very competitive interest rate, but a number of limitations. First, Margaret and Doug would be restricted from redeeming the mortgage for twenty years. In addition it would be a requirement that Margaret and Doug only sell beer produced by Foxholes Ales during the term of the mortgage. Finally, if Margaret and Doug ever decide to sell the property Foxholes Ales want a right of first refusal (a right of pre-emption)…….. Advise Margaret and Doug