Broken promises?
Language: English Series: New Law Journal ; 162(7511) 27 April 2012, 563-564(2) Publication details: 2012Subject(s): Summary: 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.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | L156262 (Browse shelf(Opens below)) | 1 | Available | 156262-1001 |
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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.