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In the 18th century decision of Vernon v Bethell [14] Lord Henley LC refused to enforce the conveyance of Vernon's sugar plantation in Antigua to a deceased London lender, Bethell, when Vernon had trouble repaying, even though some exchanges between the two had raised the possibility of giving up the land to satisfy the debt. Given the ...
Vernon had taken out a £278 mortgage on the land, and on 5 March 1729 he assigned the mortgage to Mr Bethell, to whom he sold sugar, and got from him further loans of £5000 to £6000. On 23 April 1738 Bethell requested repayment of sums owed, by then £9541 9s 1d, or the enforcement of the security by taking possession of the land, but still ...
Robert Henley, 1st Earl of Northington, PC (c. 1708 – 14 January 1772), was the Lord High Chancellor of Great Britain. He was a member of the Whig Party in the parliament and was known for his wit and writing.
The tide has for some years now turned against striking down every clause in a mortgage document that might conceivably impede the right to redeem. [ 5 ] The equity of redemption is itself recognised as a separate species of property, and can be bought, sold or even itself mortgaged by the holder.
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Sudbury Hall. Vernon was born in April 1686 as the only surviving son of George Vernon (1635–1702), MP for Derby, and his third wife, Catherine Vernon. [1] His father had previously been married to Margaret Oneley (daughter and heiress of Edward Oneley) and Dorothy Shirley (daughter of Sir Robert Shirley, 4th Baronet, of Staunton Harold Hall).
Mortgage deferment is one option to handle repaying the payments you skip while your mortgage is in forbearance. It refers to an agreement between the lender and the borrower to add the overdue ...
Hints and the solution for today's Wordle on Saturday, February 8.