The online resource for UK Property Law

Subrogation

A Practitioner’s Guide In todays marketplace where re-mortgages are common, lenders are effectively doubly-secured in the event of subsequent default by virtue of subrogation. What is subrogation? Subrogation is not a right or a cause of action, but an equitable restitutionary remedy against a party who would otherwise be unjustly enriched. In a typical re-mortgage situation, it enables the later lender to “stand in the shoes” of the earlier lender and enforce its security as if it had the benefit…

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