Article contributed by Nigel Clayton, Kings Chambers Unregulated lending assuming borrowers not in occupation – consequences – sham – waiver/breach – whether default rate a penalty – undue influence Case name, reference and Bailii link Houssein & Ors v London Credit Ltd & Ors [2023] EWHC 1428 (Ch) (12 June 2023) https://www.bailii.org/cgi-bin/format.cgi?doc=/ew/cases/EWHC/Ch/2023/1428.html&query=(Nuray)+AND+(Houssein) Summary The court refused to permit an unregulated moneylender from enforcing a residential mortgage based on a breach by the borrowers of a non-residence…
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