The online resource for UK Property Law

Redemption

Clog on equity of redemption Liability for contingent costs Re: Industrial North West LLP (in Administration) [2020] EWHC 3052 (Ch) Summary A mortgagee was entitled to retain security, notwithstanding the repayment of a loan, against a contingent liability for legal costs. Facts Administrators of INW LLP sought directions on whether they should treat the third respondent (Fairfield) as a secured creditor of INW. Fairfield had provided INW with commercial finance pursuant to a facility which was secured by a Security…

You must be logged in to view this content.

This content is available on our subscription plans - join today for full access to the legal library

en_USEnglish