Borrower`s right to sell at a loss
Borrower`s right to sell at a loss
- 1992
- Times 1 August 1992, 1,14,19(2) .
The CA in a test case found in a borrower`s favour, ruling that the building society could not `speculate at borrowers` expense` by refusing to allow a borrower to sell at a loss, to mitigate arrears and to await an upturn in the market.
BUILDING SOCIETIES
HOUSE PRICES
HOUSING MARKET
MORTGAGE ARREARS
MORTGAGEES
MORTGAGES
NEGATIVE EQUITY
SELLING AT A LOSS
The CA in a test case found in a borrower`s favour, ruling that the building society could not `speculate at borrowers` expense` by refusing to allow a borrower to sell at a loss, to mitigate arrears and to await an upturn in the market.
BUILDING SOCIETIES
HOUSE PRICES
HOUSING MARKET
MORTGAGE ARREARS
MORTGAGEES
MORTGAGES
NEGATIVE EQUITY
SELLING AT A LOSS