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Web50. A similar case was found in Cityland and Property (Holdings) Ltd -v- Dabrah [1967] 2 All ER 639. In this matter, the Court was confronted with an issue were the defendant purchased some property on a mortgage that stipulated that should he default, the whole of the money lent as well as the premium would become due. WebCityland & Property Holdings Ltd v Dabrah court reduced an unfair and unconscionable mortgage interest rate of 19% (which became, effectively, 38% when the borrower … the perfect pint east
Land law 10: mortgages Flashcards Quizlet
WebStudy with Quizlet and memorize flashcards containing terms like Santley v Wilde, S 2 LP(MP) A 1989, De Serville v Agree Ltd and more. Cityland and Property (Holdings Ltd) v Dabrah [1968] Ch 166 Mortgages and collateral advantages. Facts The plaintiffs, Cityland, sold a house to a former tenant for £3,500. The tenant paid £600 in cash and took out a mortgage from the plaintiffs for the remaining £2,900 over six years. There was no provision for the … See more The plaintiffs, Cityland, sold a house to a former tenant for £3,500. The tenant paid £600 in cash and took out a mortgage from the plaintiffs for the remaining £2,900 over six years. There … See more The court held that it would grant relief against a collateral advantage if was unconscionable, paying particular attention to the size of the advantage. This meant the advantage could not be unfair or unreasonable. … See more The defendant sought equitable relief against the premium charged on the grounds that it was an unreasonable collateral advantage. The plaintiffs argued that Kreglinger v … See more WebCityland & Proprety Ltd v Dabrah The plaintiff company provided a mortgage to the defendant. The defendant had to pay the sum back with a premium of 57%. The defendant defaulted on paying his instalments and was taken to court. siblings national insurance numbers