The defendant appealed a finding that a term in its mortgage loan agreement imposing a substantial penalty on the claimant on the redemption of a mortgage was void under the Regulations. The company said that the loan was a business loan.
Citations:
[2008] EWCA Civ 331
Links:
Statutes:
Unfair Terms in Consumer Contracts Regulations 1991
Jurisdiction:
England and Wales
Consumer, Contract
Updated: 17 July 2022; Ref: scu.270512