An oral contract by which a lender agreed to accept repayments of arrears under a mortgage at a certain rate was valid in law despite non-compliance with the section. It was however a contract of disposition, not an executory contract and not caught. A compromise of repayments under a mortgage was valid despite lack of formality.
Gazette 08-Apr-1999, Gazette 06-May-1999, Times 13-May-1999
Law of Property (Miscellaneous Provisions) Act 1989 2
England and Wales
Land, Contract
Updated: 09 January 2022; Ref: scu.89710