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Lombard Tricity Finance Ltd v Paton: CA 1989

The borrower challenged a variation of the interest rate to be charged on his regulated loan. The agreement purported to give the lender a full discretion to vary the rate on notice. Held: The Regulations required the agreement to identify the circumstances under which the loan might be varied. The judge at first instance was … Continue reading Lombard Tricity Finance Ltd v Paton: CA 1989