Allied Irish Bank Group (Uk) Plc v Henelly Properties Ltd and Others: ChD 7 Jun 2000

The fact that a mortgage advance was to be paid by stages as a building progressed, did not mean that the mortgage securing the advance was delivered in escrow until the building work was complete. If the mortgagee defaulted in his payments the lender was entitled to seek possession of the land at that time.


Times 07-Jun-2000


England and Wales

Land, Financial Services

Updated: 17 May 2022; Ref: scu.77758