Broken promises?
Gatty, David
Broken promises? - 2012 - New Law Journal 162(7511) 27 April 2012, 563-564(2) .
Highlights the pitfalls owner occupiers can face when entering into sale and rent back (SRBs) arrangements which allows the vendor ro remain in occupation under a lease granted by the purchaser. Where the SRB purchase is mortgage-funded and the mortgage provider is unaware that the vendor is to remain in occupation, the occupier can find himself/herself in a vulnerable position should the SRB purchaser default. CA has considered four test cases brought by SRB occupiers as a cojoined appeal "Cook v The Mortgage Business plc" and othes [2012] EWCA Civ 17.
England and Wales--1543-
Broken promises? - 2012 - New Law Journal 162(7511) 27 April 2012, 563-564(2) .
Highlights the pitfalls owner occupiers can face when entering into sale and rent back (SRBs) arrangements which allows the vendor ro remain in occupation under a lease granted by the purchaser. Where the SRB purchase is mortgage-funded and the mortgage provider is unaware that the vendor is to remain in occupation, the occupier can find himself/herself in a vulnerable position should the SRB purchaser default. CA has considered four test cases brought by SRB occupiers as a cojoined appeal "Cook v The Mortgage Business plc" and othes [2012] EWCA Civ 17.
England and Wales--1543-