Question 2.3 Ophelia has recently started a new business and intends to use the house she has received from her grandfather as security for a loan to inject capital into her business. She seeks your advice. Will she be successful in her loan application? Give reasons for your answer. List four advantages of the Torrens System of Land Title. What are the commercial benefits of this system? The life tenant doesn't have ownership of the fee simple, and therefore, the mortgage has no access to the land to be used as security against which a loan can be secured. If the life tenant were to default on the loan , the lender could have no right to sell the land to access the monies owed , as with normal Torrens System mortgage