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Target Holdings Ltd v Priestley and Another: ChD 8 Apr 1999

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

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