| 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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