Source: All England Reporter
Publisher Citation: [2006] All ER (D) 198 (Apr)
Court: Chancery Division
Judge:

Jules Sher QC sitting as a deputy judge of the High Court

Representation Timothy Wormington (instructed by JW Reeves & Co) for the guarantor and his wife.
  Alan Gourgey QC (instructed by Berwin Leighton Paisner) for the bank.
Judgment Dates: 12 April 2006

Catchwords

Mortgage - Action to recover loan secured by mortgage - Guarantor - Interest on loan - Bank contending interest running from date earlier than that accepted by guarantor - Whether interest and bank costs running from earlier date.

The Case

In the instant case, interest did not begin accruing on the loan amount, secured by a mortgage entered into by the guarantor and his wife, until the letter from the bank to the guarantor and his wife on 3 August 2005.

Practice Areas

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